Common use of BEST FIRM BID PRICE Clause in Contracts

BEST FIRM BID PRICE. If a Lender shall have notified the Administrative Agent and the Borrower prior to a date of payment that its option shall be that set forth in this Section 4.2(b), make the required payment in the city of Buenos Aires, Argentina, by the delivery of, at such Lender’s sole option, (1) Argentine Floating Rate Bonds (“FRBs”), (2) Argentine Par Bonds (“Par Bonds”) or (3) any other securities exchangeable for FRBs or Par Bonds in accordance with Argentine regulations, which, in any of cases (1) through (3) if sold at the best firm bid price quoted, for the relevant amount, on the date of payment in New York by the Reference Dealers would cause such Lender to receive, after taxes, fees, commissions and any other costs, an amount of Dollars equal to the amount required to be paid by the Borrower for the account of such Lender on such payment date (for purposes of this Section 4.2(b), the “best firm bid price” shall be determined on the basis of quotes obtained from the Reference Dealers and, if only one quote is obtained, on the basis of such quote; and “Reference Dealers” shall mean J.X. Xxxxxx Cxxxx & Co., Banque Nationale de Paris, and Mxxxxxx Lxxxx & Co. or, if none of the foregoing is quoting a firm bid price for such payment date, then the “Reference Dealers” shall be those dealers (which may be as few as one dealer) selected by such Lender to be Reference Dealers for the purposes of this Section 4.2(b)); or

BEST FIRM BID PRICE. If a Lender shall have notified the Administrative Agent and the Borrower prior to a date of payment that its option shall be that set forth in this Section 4.2(b), make the required payment in the city of Buenos Aires, Argentina, by the delivery of, at such Lender’s 's sole option, (1) Argentine Floating Rate Par Bonds due 2023, Discount Bonds due 2023 or Par Bonds due 2038, in each case issued by the Republic of Argentina, or any securities issued in connection with the restructuring of any such bonds (“FRBs”collectively, "ARGENTINE PUBLIC DEBT INSTRUMENTS"), or (2) Argentine Par Bonds (“Par Bonds”) or (3) any other securities exchangeable for FRBs public or Par Bonds private bond or tradable security issued in accordance with Argentine regulationsArgentina, denominated in Dollars and actively traded on any stock exchange or over-the-counter market having broad international acceptance, in each case satisfactory to such Lender, which, in any of cases (1) through or (32) if sold at the best firm bid price quoted, for the relevant amount, on the date of payment in New York by the Reference Dealers would cause such Lender to receive, after taxes, fees, commissions and any other costs, an amount of Dollars equal to the amount required to be paid by the Borrower for the account of such Lender on such payment date (for purposes of this Section 4.2(b), the “"best firm bid price” " shall be determined on the basis of quotes obtained from the Reference Dealers and, if only one quote is obtained, on the basis of such quote; and “Reference Dealers” "REFERENCE DEALERS" shall mean J.X. X.X. Xxxxxx Cxxxx Xxxxx & Co., Banque Nationale de Paris, and Mxxxxxx Lxxxx Xxxxxxx Xxxxx & Co. or, if none of the foregoing is quoting a firm bid price for such payment date, then the “"Reference Dealers” " shall be those dealers (which may be as few as one dealer) selected by such Lender to be Reference Dealers for the purposes of this Section 4.2(b)); or

BEST FIRM BID PRICE. If a Lender shall have notified the Administrative Agent and the Borrower prior to a date of payment that its option shall be that set forth in this Section 4.2(b), make the required payment in the city of Buenos Aires, Argentina, by the delivery of, at such Lender’s 's sole option, (1) Bonex, (2) Argentine Floating Rate Bonds (“"FRBs”"), (23) Argentine Par Bonds (“Par Bonds”"PAR BONDS") or (34) any other securities exchangeable for Bonex, FRBs or Par Bonds in accordance with Argentine regulations, which, in any of cases (1) through (34) if sold at the best firm bid price quoted, for the relevant amount, on the date of payment in New York by the Reference Dealers would cause such Lender to receive, after taxes, fees, commissions and any other costs, an amount of Dollars equal to the amount required to be paid by the Borrower for the account of such Lender on such payment date (for purposes of this Section 4.2(b), the “"best firm bid price” " shall be determined on the basis of quotes obtained from the Reference Dealers and, if only one quote is obtained, on the basis of such quote; and “Reference Dealers” "REFERENCE DEALERS" shall mean J.X. Xxxxxx Cxxxx & Co.The Chase Manhattan Bank, Banque Nationale de Paris, and Mxxxxxx Lxxxx JP Xxxxxx xxd Merxxxx Xxnxx & Co. or, if none of the foregoing is quoting a firm bid price for such payment date, then the “"Reference Dealers” " shall be those dealers (which may be as few as one dealer) selected by such Lender to be Reference Dealers for the purposes of this Section 4.2(b)); or