Common use of Bid Borrowings Clause in Contracts

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 2.03SECTION 2.3, each Bid Loan Bank severally agrees that the Company Borrowers may, as set forth in Section 2.06SECTION 2.6, from time to time request the Bid Loan Banks prior to the Revolving Termination Date to submit offers to make Bid Loans to the Companythem; providedPROVIDED, howeverHOWEVER, that the Bid Loan Banks may, but shall have no obligation to, submit such offers and the Company Borrowers may, but shall have no obligation to, accept any such offers, and any Bid Loan Bank may designate one or more Designated Bidders to make such offers from time to time and, if such offers are accepted by the Companya Borrower, to make such Bid Loans; and providedPROVIDED, furtherFURTHER, 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, plus the outstanding principal amount of all Swingline Loans made by the Swingline Bank plus the Effective Amount of all L/C Obligations 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 fifteencombined Commitments.

Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.032.3, each Bid Loan Bank Lender severally agrees that the Company may, as set forth in Section 2.062.7, from time to time request the Bid Loan Banks Lenders prior to the Revolving Termination Date to submit offers to make Bid Loans to the Company; provided, however, provided that the Bid Loan Banks 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 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 Dollar Equivalent principal amount of all outstanding Loans (whether Bid Loans made by all Bid Loan Banks and Designated Biddersor Committed Loans) shall not at any time exceed the combined Commitments, plus (b) the outstanding aggregate Dollar Equivalent principal amount of all outstanding Loans (whether Bid Loans or Committed Loans made by all BanksLoans) of any Lender shall not at any time exceed such Lender's Commitment, exceed the Aggregate Commitment; or and (bc) unless the Agent shall otherwise consentafter giving effect to any Bid Borrowing, the number of there may not be more than ten (10) different Interest Periods in effect for all Bid Loans then outstanding, plus the number of Interest Periods for Committed Loans then outstanding, exceed fifteenBorrowings.

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 and Designated Bidders prior to the Revolving Termination Date to submit offers to make Bid Loans to the Company; provided, however, that the Bid Loan Banks and Designated Bidders 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 a Designated Bidders Bidder 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, Bidders plus the outstanding aggregate principal amount of all Committed Loans made by all Banks, Banks plus the aggregate principal amount of all Swingline Loans then outstanding exceed the Aggregate Commitment; combined Commitments or (b) unless the Agent shall otherwise consent, the number of Interest Periods for Bid Loans then outstanding, outstanding plus the number of Interest Periods for Committed Loans then outstanding, outstanding exceed fifteenseven.

Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.03, each Bid Loan Bank severally agrees that the Company Revolving Borrower may, as set forth in Section 2.06, from time to time request the Bid Loan Banks and Designated Bidders prior to the Revolving Termination Date to submit offers to make Bid Loans to the CompanyRevolving Borrower; provided, however, that the Bid Loan Banks and Designated Bidders may, but shall have no obligation to, submit such offers and the Company Revolving Borrower may, but shall have no obligation to, accept any such offers, and any Bid Loan Bank may designate a Designated Bidders Bidder to make such offers from time to time and, if such offers are accepted by the CompanyRevolving Borrower, 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, Bidders plus the outstanding aggregate principal amount of all Committed Revolving Loans made by all Banks, Banks plus the aggregate principal amount of all Swingline Loans then outstanding exceed the Aggregate Commitment; combined Revolving Commitments or (b) unless the Agent shall otherwise consent, the number of Interest Periods for Bid Loans then outstanding, outstanding plus the number of Interest Periods for Committed Loans then outstanding, outstanding exceed fifteenseven.

Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.032.3, each Bid Loan Bank Lender severally agrees that the Company may, as set forth in Section 2.062.7, from time to time request the Bid Loan Banks Lenders prior to the Revolving Termination Date to submit offers to make Bid Loans to the Company; provided, however, provided that the Bid Loan Banks 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 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 Total Outstandings shall not at any time exceed the combined Commitments, (b) the aggregate Dollar Equivalent principal amount of all outstanding Loans (whether Bid Loans made by or Committed Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such Lender's Commitment, and (c) after giving effect to any Bid Borrowing, there may not be more than ten (10) different Interest Periods in effect for 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 fifteenBorrowings.

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; providedPROVIDED, howeverHOWEVER, 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 providedPROVIDED, furtherFURTHER, that at no time shall (a) the outstanding aggregate principal amount of all Bid Loans made by all Bid Loan Banks and Designated BiddersBanks, plus the outstanding aggregate principal amount of all Committed Loans made by all Banks, Banks exceed the Aggregate Commitmentcombined Commitments MINUS the outstanding principal amount of Commercial Paper Debt; or (b) unless the Agent shall otherwise consent, the number of Interest Periods for Bid Loans then outstanding, outstanding plus the number of Interest Periods for Committed Loans then outstanding, outstanding exceed fifteenten.

Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.032.04, each Bid Loan Bank severally agrees that the Company may, as set forth in Section 2.062.07, 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; providedPROVIDED, howeverHOWEVER, 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 one or more 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 providedPROVIDED, furtherFURTHER, 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, Banks exceed the Aggregate Revolving Commitment; or (b) unless the Agent shall otherwise consent, the number of Interest Periods for Bid Loans then outstanding, outstanding plus the number of Interest Periods for Committed Loans then outstanding, outstanding exceed fifteenfive.

Bid Borrowings. In addition to Committed Borrowings pursuant to -------------- Section 2.032.3, each Bid Loan Bank severally agrees that the Company may, as set forth in Section 2.062.7, from time to time request the Bid Loan Banks prior to the Revolving Termination Date to submit offers to make Bid Loans in Dollars 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 BiddersBanks, plus the outstanding aggregate principal amount of all Committed Loans made by all Banks, plus the outstanding Loan Note Guaranty Obligations exceed the Aggregate Commitmentcombined Commitments; or (b) unless the Agent shall otherwise consent, the number of Interest Periods for Bid Loans then outstanding, outstanding plus the number of Interest Periods for Committed Loans then outstanding, outstanding exceed fifteenten. The Subsidiary Borrower shall not be entitled to request Bid Loans and the Company shall only be entitled to request Bid Loans in Dollars.

Bid Borrowings. In addition to Committed Borrowings pursuant to -------------- Section 2.032.3, each Bid Loan Bank severally agrees that the Company may, as set forth in Section 2.062.7, from time to time request the Bid Loan Banks prior to the Revolving Termination Date to submit offers to make Bid Loans in Dollars 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 BiddersBanks, plus the outstanding aggregate principal amount of all Committed Loans made by all Banks, plus the outstanding Loan Note Guaranty Obligations exceed the Aggregate Commitmentcombined Commitments; or (b) unless the Agent shall otherwise consent, the number of Interest Periods for Bid Loans then outstanding, outstanding plus the number of Interest Periods for Committed Loans then outstanding, outstanding exceed fifteenten. The Subsidiary Borrower shall not be entitled to request Bid Loans and the Company shall only be entitled to request Bid Loans in Dollars.

Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.032.3, each Bid Loan Bank severally agrees that the Company may, as set forth in Section 2.062.7, 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 one Designated Bidders Bidder 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 (a) at no time shall (a) the outstanding aggregate principal amount Effective Amount of all Bid Loans made by all Bid Loan Banks and Designated Bidders, plus the outstanding aggregate principal amount Effective Amount of all Committed Loans made by all Banks, plus the Effective Amount of all Letter of Credit Obligations, exceed the Aggregate Commitment; or Total Commitment and (b) unless each Bid Loan made by a Bid Loan Bank shall be a usage of the Agent shall otherwise consent, the number of Interest Periods for Total Commitment and so long as such Bid Loans then Loan is outstanding, plus the number of Interest Periods for Committed Loans then outstanding, exceed fifteenshall apply against each Bank's Commitment ratably in accordance with its Pro Rata Share.

Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.03SECTION 2.1, each Bid Loan Bank Lender severally agrees that the Company Borrower may, as set forth in Section 2.06SECTION 2.6, from time to time request the Bid Loan Banks Lenders prior to the Revolving Termination Date to submit offers to make Bid Loans to the CompanyBorrower; providedPROVIDED, howeverHOWEVER, that the Bid Loan Banks Lenders may, but shall have no obligation to, submit such offers and the Company Borrower may, but shall have no obligation to, accept any such offers, and any Bid Loan Bank Lender may designate one or more Designated Bidders to make such offers from time to time and, if such offers are accepted by the CompanyBorrower, to make such Bid Loans; and providedPROVIDED, furtherFURTHER, that at no time shall (a) the outstanding aggregate principal amount of all Bid Loans made by all Bid Loan Banks Lenders and Designated Bidders, plus the outstanding aggregate principal amount of all Committed Loans made by all Banks, Lenders exceed the Aggregate Commitmentcombined Commitments; or (b) unless the Agent shall otherwise consent, the number of Interest Periods for Bid Loans then outstanding, outstanding plus the number of Interest Periods for Committed Loans then outstanding, exceed fifteenoutstanding exceeds six.