Common use of Acceptance of Competitive Bids Clause in Contracts

Acceptance of Competitive Bids. Not later than 11:30 a.m. (i) on the requested date of any Competitive Borrowing that is to consist of Absolute Rate Loans and (ii) three Business Days prior to the requested date of any Competitive Borrowing that is to consist of Eurodollar Margin Bid Loans, the Borrowers shall notify the Administrative Agent of its acceptance or rejection of the Competitive Bids notified to it pursuant to Section 2.04(d). The Borrowers shall be under no obligation to accept any Competitive Bid and may choose to reject all Competitive Bids. In the case of acceptance, such notice shall specify the aggregate principal amount of Competitive Bids for each Interest Period that is accepted. The Borrowers may accept any Competitive Bid in whole or in part; provided that:

Acceptance of Competitive Bids. Not later than 11:30 a.m. 12:30 P.M. (Minneapolis time) (i) on the requested date of any Competitive Bid Borrowing that is to consist of Absolute Rate Loans Loans, and (ii) three Business Days prior to the requested date of any Competitive Bid Borrowing that is to consist of Eurodollar Margin Bid Loans, the Borrowers Company shall notify the Administrative Agent of its acceptance or rejection of the Competitive Bids offers notified to it pursuant to Section 2.04(dsubsection 2.1A(iii)(d). The Borrowers Company shall be under no obligation to accept any Competitive Bid and may choose to reject all Competitive Bids. In the case of acceptance, such notice shall specify the aggregate principal amount of Competitive Bids for each Interest Period that is accepted. The Borrowers may accept any Competitive Bid in whole or in part; provided that:is

Acceptance of Competitive Bids. Not later than 11:30 a.m. (i) on the requested date of any Competitive Borrowing that is to consist of Absolute Rate Loans and (ii) three Business Days prior to the requested date of any Competitive Borrowing that is to consist of Eurodollar EurodollarTerm SOFR Margin Bid Loans, the Borrowers Borrower shall notify the Administrative Agent of its acceptance or rejection of the Competitive Bids notified to it pursuant to Section 2.04(d2.03(d). The Borrowers Borrower shall be under no obligation to accept any Competitive Bid and may choose to reject all Competitive Bids. In the case of acceptance, such notice shall specify the aggregate principal amount of Competitive Bids for each Interest Period that is accepted. The Borrowers Borrower may accept any Competitive Bid in whole or in part; provided that: