Accepting Bids. The applicable Borrower, at its option, shall irrevocably accept or reject Bids by notifying the Agent of such acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile, email, or telex) not later than one hour after the applicable Bid Deadline. If the applicable Borrower elects to accept any Bids, its acceptance must meet the following conditions: (1) the total amount which (A) Holdings, the Company, AGRI and AGRO accepts from all Banks must not be less than $10,000,000 and shall be in integral multiples of $1,000,000 and (B) the UK Borrower accepts from all Banks shall be in integral multiples of $1,000,000, and may not exceed the Requested Amount; (2) the applicable Borrower must accept Bids based solely on the amount of the Fixed Rates or LIBOR Bid Loan Spreads, as the case may be, which each of the Banks quoted in their Bids in ascending order of the amount of Fixed Rates or LIBOR Bid Loan Spreads;
Accepting Bids. The applicable Borrower, at its option, shall irrevocably accept or reject Bids by notifying the Agent of such acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile, email, or telex) not later than one hour after the applicable Bid Deadline. If the applicable Borrower elects to accept any Bids, its acceptance must meet the following conditions: (1) the total amount which the applicable Borrower accepts from all Banks must not be less than $10,000,000 and shall be in integral multiples of $1,000,000 and may not exceed the Requested Amount; (2) the applicable Borrower must accept Bids based solely on the amount of the Fixed Rates or LIBOR Bid Loan Spreads, as the case may be, which each of the Banks quoted in their Bids in ascending order of the amount of Fixed Rates or LIBOR Bid Loan Spreads;
Accepting Bids. The Borrower shall irrevocably accept or reject Bids by notifying the Agent at its Principal Office in New York of such acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile, or telex) not later than 11:00 a.m., New York time, one (1) Business Day before the proposed Bid Loan Borrowing Date, if Borrower is requesting a Fixed Rate Bid Loan, or three (3) Business Days before the proposed Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan. If the Borrower elects to accept any Bids, its acceptance must meet the following conditions: (1) it shall be irrevocable and the total amount which Borrower accepts from all Banks must not be less than $5,000,000 and be in integral multiples of $1,000,000 and may not exceed the Requested Amount; (2) the Borrower must accept Bids based solely on the amount of the Fixed Rates or Euro-Rate Bid Loan Spreads, as the case may be, which each of the Banks quoted in their Bids in ascending order of the amount of Fixed Rates or Euro-Rate Bid Loan Spreads;
Accepting Bids. The Borrower shall irrevocably accept or reject Bids by notifying the Agent of such acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile or telex) not later than 11:30 a.m. Pittsburgh time one (1) Business Day before the proposed Bid Loan Borrowing Date if Borrower is requesting a Fixed Rate Bid Loan or three (3) Business Days before the proposed Bid Loan Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan. If the Borrower elects to accept any Bids, its acceptance must meet the following conditions: (1) the total amount which Borrower accepts from all Banks must equal or exceed $2,500,000 and be in integral multiples of $500,000 and may not exceed the Requested Amount; (2) the Borrower must accept Bids based solely on the amount of the Fixed Rates or Euro-Rate Bid Loan Spreads, as the case may be, which each of the Banks quoted in their Bids in ascending order of the amount of Fixed Rates or Euro-Rate Bid Loan Spreads;
Accepting Bids. The Borrower shall irrevocably accept or reject Bids by notifying the Administrative Agent of such acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile or telex) not later than 11:00 a.m., Pittsburgh time, on the proposed Bid Loan Borrowing Date if Borrower is requesting a Fixed Rate Bid Loan and three (3) Business Days before the proposed Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan. If the Borrower elects to accept any Bids, its acceptance must meet the following conditions: (1) the total amount which Borrower accepts from all Revolving Credit Banks must exceed $5,000,000 and be in integral multiples of $1,000,000 and may not exceed the aggregate Requested Amount;
Accepting Bids. The Borrower, at its option, shall irrevocably accept or reject Bids by notifying the Agent of such acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile, email, or telex) not later than one hour after the applicable Bid Deadline. If the Borrower elects to accept any Bids, its acceptance must meet the following conditions: (1) the total amount which Borrower accepts from all Banks must not be less than $10,000,000 and shall be in integral multiples of $1,000,000 and may not exceed the Requested Amount; (2) the Borrower must accept Bids based solely on the amount of the Fixed Rates or Euro-Rate Bid Loan Spreads, as the case may be, which each of the Banks quoted in their Bids in ascending order of the amount of Fixed Rates or Euro-Rate Bid Loan Spreads;
Accepting Bids. The requesting Borrower shall, in its sole discretion, irrevocably accept or reject any one or all of the Bids and shall notify the Agent at the Applicable Lending Office of its acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile or telex). If the Borrower elects to accept any Bids, its acceptance must meet the following conditions: (1) such acceptance must be received by Agent by 11:30 A.M. Pittsburgh time or London time (as applicable) on the Borrowing Date if the Borrower is accepting a Bid for a Fixed Rate Bid Loan and by 11:30 A.M. Pittsburgh or London time (as applicable) three (3) Business Days before the Borrowing Date if the Borrower is accepting a Bid for a Euro-Rate Bid Loan; (2) the total amount which the Borrower accepts from all Banks must equal or exceed $1,000,000 and be in an integral multiple of $500,000 (or in each case as applicable, the Dollar Equivalent) if it is a Euro-Rate Bid Loan or an integral multiple of $500,000 if it is a Fixed Rate Bid Loan and in either instance may not exceed the Requested Amount; (3) the Borrower must accept Bids based solely on the amount of the interest rates of each Bid in ascending order of the amount of such interest rates;
Accepting Bids. Funding Bid Loans ............................................ 46 ------- ----------------- 2.12.5. Several Obligations .......................................... 47 ------- ------------------- 2.12.
Accepting Bids. You agree not to offer to sell, or sell, any of the Equipment when in contact with any potential bidders, buyers, or other interested parties. When fielding bidding and buying questions, you will refer them to your BigIron sales representative for additional information or direct them to the BigIron website at xxx.xxxxxxx.xxx to submit their bids.
Accepting Bids. The Company shall irrevocably accept or reject Bids by notifying the Administrative Agent of such acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile or telex) by 11:30 A.M. Eastern time on the proposed Bid Loan Borrowing Date if the Company is requesting a Fixed Rate Bid Loan or three (3) Business Days before the proposed Bid Loan Borrowing Date if the Company is requesting a Euro-Rate Bid Loan. If the Borrowers elect to accept any Bids, their acceptance must meet the following conditions: (i) the total amount which the Borrowers accept from all Lenders must be at least $10,000,000 and be in integral multiples of $1,000,000 and may not exceed the Requested Amount; (ii) the Company must accept Bids based solely on the amount of the Fixed Rates or Euro-Rate Bid Loan Spreads, as the case may be, which each of the Lenders quoted in their Bids in ascending order of the amount of Fixed Rates or Euro-Rate Bid Loan Spreads; (iii) the Borrowers may not borrow Bid Loans from any Lender on the Bid Loan Borrowing Date in an amount exceeding such Lender's Offered Amount; and (iv) if two or more Lenders make Bids at the same Fixed Rate (if the Company requested a Fixed Rate Bid Loan) or Euro-Rate Bid Loan Spread (if the Company requested a Euro- Rate Bid Loan) and the Company desires to accept a portion but not all of the Bids at such Fixed Rate or Euro-Rate Bid Loan Spread, as the case may be, the Borrowers shall accept a portion of each Bid equal to the product of the Offered Amount of such Bid times the fraction obtained by dividing the total amount of Bids which the Company is accepting at such Fixed Rate or Euro-Rate Bid Loan Spread, as the case may be, by the sum of the Offered Amounts of the Bids at such Fixed Rate or Euro-Rate Bid Loan Spread; provided that the Company shall round the Bid Loans allocated to each such Lender upward or downward as the Company may select to integral multiples of $500,000. The Administrative Agent shall (i) promptly notify a Lender that has made a Bid of the amount of its Bid that was accepted or rejected and (ii) as promptly as practical notify all of the Lenders of all Bids submitted and those which have been accepted.
