Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.03, each Bid Loan Bank severally agrees that the Company may, as set forth in Section 2.06, from time to time request the Bid Loan Banks prior to the Revolving Termination Date to submit offers to make Bid Loans to the Company; provided, however, that the Bid Loan Banks may, but shall have no obligation to, submit such offers and the Company may, but shall have no obligation to, accept any such offers, and any Bid Loan Bank may designate Designated Bidders to make such offers from time to time and, if such offers are accepted by the Company, to make such Bid Loans; and provided, further, that at no time shall (a) the outstanding aggregate principal amount of all Bid Loans made by all Bid Loan Banks and Designated Bidders, plus the outstanding aggregate principal amount of all Committed Loans made by all Banks, exceed the Aggregate Commitment; or (b) unless the Agent shall otherwise consent, the number of Interest Periods for Bid Loans then outstanding, plus the number of Interest Periods for Committed Loans then outstanding, exceed fifteen.
Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.01, each Lender severally agrees that the Borrower may, as set forth in Section 2.04, from time to time on any Business Day during the period from the Effective Date to the Maturity Date, request the Lenders to submit offers to make Bid Loans to the Borrower; provided, however, that the Lenders may, but shall have no obligation to, submit such offers and the Borrower may, but shall have no obligation to, accept any such offers; and provided, further, that at no time shall the sum of (a) the aggregate principal amount of all outstanding Bid Loans made by all Lenders plus (b) the Aggregate Committed Credit Exposure exceed the Aggregate Commitments.
Bid Borrowings. In addition to Committed Borrowings, each Bank severally agrees that the Company may, as set forth in Section 2.06, from time to time request the Banks prior to the Revolving Termination Date to submit offers to make Bid Loans to the Company; provided, however, that the Banks may, but shall have no obligation to, submit such offers and the Company may, but shall have no obligation to, accept any such offers; and provided, further, that at no time shall (a) the outstanding aggregate principal amount of all Bid Loans made by all Banks, plus the outstanding aggregate principal amount of all Committed Loans made by all Banks exceed the combined Commitments; or (b) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Committed Loans then outstanding exceed eight (8) unless agreed by the Agent.
Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.01, each Bank severally agrees that the Company may, as set forth in Section 2.08, from time to time request the Banks prior to the Termination Date to submit offers to make Bid Loans to the Company; provided, however, that the Banks may, but shall have no obligation to, submit such offers and the Company may, but shall have no obligation to, accept any such offers; and provided, further, that at no time shall (a) the outstanding aggregate principal amount of all Bid Loans made by all Banks, plus the outstanding aggregate principal amount of all Committed Loans made by all Banks, plus the aggregate undrawn face amount of all outstanding Letters of Credit, plus the aggregate amount of drawings made under Letters of Credit for which the applicable Issuing Bank has not yet been reimbursed exceed the Aggregate Commitment; (b) the outstanding aggregate principal amount of all Bid Loans made by all Banks exceed 75% of the Aggregate Commitment; or (c) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Committed Loans then outstanding exceed ten.
Bid Borrowings. (a) The Borrower may from time to time deliver to the Agent a request (a “Bid Borrowing Request”) that the Agent solicit offers to make Bid Loans denominated in Dollars from the Banks. Each such request shall be made no later than 10:00 a.m. on the fourth Business Day before the day of the proposed Bid Borrowing. Each such request shall state (i) the day of the proposed Bid Borrowing (which day shall be a Business Day), (ii) the aggregate amount of the proposed Bid Borrowing, and (iii) the Interest Period or Interest Periods with respect to such Bid Borrowing (and, if more than one Interest Period is to be applicable, the duration of each such Interest Period and the portion of the Bid Borrowing that will be subject to each such Interest Period). Each Bid Borrowing request shall be in an amount equal to an integral multiple of $10,000,000. The Borrower may not request any Bid Borrowing hereunder if (i) the Borrower has made such a request within the preceding 5 Business Days, (ii) the making of the proposed Bid Borrowing would cause more than 3 Bid Borrowings to be outstanding at any one time, (iii) the making of the proposed Bid Borrowing would cause the aggregate principal amount of Bid Borrowings to exceed $100,000,000, or (iv) the making of the proposed Bid Borrowing would cause the Aggregate Outstandings to exceed the Aggregate Commitment Amount.
Bid Borrowings. (a) In addition to Committed Borrowings pursuant to Section 2.01, each Lender severally agrees that the Company may, as set forth in Section 2.04, from time to time on any Business Day during the period commencing on the Closing Date and ending on the Business Day next preceding the Tranche A Termination Date request the Lenders to submit offers to make Tranche A Bid Loans to the Company; provided, however, that the Lenders may, but shall have no obligation to, submit such offers and the Company may, but shall have no obligation to, accept any such offers; and provided, further, that at no time shall (a)(i) the aggregate principal amount of all Tranche A Bid Loans made by all Lenders then outstanding plus (ii) the aggregate principal amount of all Tranche A Loans then outstanding plus (iii) the outstanding Tranche A L/C Obligations exceed (b) the Aggregate Tranche A Commitments.
Bid Borrowings. In addition to Committed Borrowings pursuant to SECTION 2.1, each Lender severally agrees that the Revolving Borrower may, as set forth in SECTION 2.6, from time to time prior to the Commitment Termination Date, request the Lenders to submit offers to make Bid Loans to the Revolving Borrower; PROVIDED, HOWEVER, that the Lenders may, but shall have no obligation to, submit such offers and the Revolving Borrower may, but shall have no obligation to, accept any such offers; and PROVIDED, FURTHER, that at no time shall the sum of (i) the outstanding aggregate principal amount of all Bid Loans, Committed Loans and Swingline Loans made by the Lenders, PLUS (ii) the Letter of Credit Outstandings exceed the Revolving Commitment Amount.
Bid Borrowings. (a) In order to request the Lenders to submit Bids to make Bid Loans hereunder, the Borrower will give the Administrative Agent written notice not later than 11:00 a.m., Charlotte time, (y) four (4) Business Days prior to the requested Bid Borrowing, in the case of a LIBOR Auction, or (z) two (2) Business Days prior to the requested Bid Borrowing, in the case of an Absolute Rate Auction. The Borrower may request offers to make Bid Loans for up to three (3) separate Interest Periods in a single notice, and each such request for offers for a separate Interest Period shall be deemed a request for a separate Bid Borrowing. Each such notice (each, a "Bid Request") shall be given in the form of EXHIBIT C-1 and shall specify, with respect to each requested Bid Borrowing for a particular Interest Period:
Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.03, each Bank severally agrees that each Borrower may, as set forth in Section 2.06, from time to time, request the Banks from and after the Effective Date and prior to the Termination Date to submit offers to make Bid Loans to such Borrower; provided, however, that the Banks may, but shall have no obligation to, submit such offers and such Borrower may, but shall have no obligation to, accept any such offers; and provided further, that, (a) after giving effect to any Bid Borrowing, the aggregate principal amount of all outstanding Bid Loans together with (x) the outstanding aggregate principal amount of all Committed Loans made by all Banks, plus (y) the outstanding aggregate principal amount of all Swingline Loans made by the Swingline Bank, plus (z) all outstanding Letter of Credit Obligations, shall not exceed the Aggregate Commitment.
Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.3, each Bank severally agrees that the Company may, as set forth in Section 2.7, from time to time request the Banks prior to the Termination Date to submit offers to make Bid Loans in Dollars to the Company; provided, however, that the Banks may, but shall have no obligation to, submit such offers and the Company may, but shall have no obligation to, accept any such offers and, if such offers are accepted by the Company, to make such Bid Loans; and provided, further, that at no time shall (a) the outstanding aggregate principal amount of all Bid Loans made by all Banks, plus the outstanding aggregate principal amount of all Committed Loans made by all Banks exceed the combined Commitments; or (b) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Committed Loans then outstanding exceed eight. APSA shall not be entitled to request Bid Loans and the Company shall only be entitled to request Bid Loans in Dollars.
