Common use of Bid Borrowings Clause in Contracts

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. In addition to Committed Borrowings pursuant to Section 2.012.3, each Bank severally agrees that the Company may, as set forth in Section 2.082.6, from time to time request the Banks prior to the Revolving Termination Date to submit offers to make Bid Loans to the Company; providedPROVIDED, howeverHOWEVER, 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 providedPROVIDED, furtherFURTHER, 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 Banks and Swing Loans made by 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 Administrative Agent exceed the Aggregate Commitmentcombined Commitments or the Borrowing Base; (b) the outstanding aggregate principal amount of all Bid Loans from any one Bank exceed $100,000,000; (c) the outstanding aggregate principal amount of Bid Loans made by all Banks exceed 7560% of the Aggregate Commitmentcombined Commitments; or (cd) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Offshore Rate Committed Loans then outstanding exceed ten.

Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.012.1, each Bank severally agrees that the Company Borrower may, as set forth in Section 2.082.4, from time to time from the Closing Date to the Termination Date, request the Banks prior to the Termination Date to submit offers to make Bid Loans ("Bid Loans") to the CompanyBorrower; provided, however, that the Banks 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 provided, further, that at no time shall (a) the outstanding aggregate principal amount of all Bid Loans made by all BanksLoans, plus the outstanding aggregate principal amount of all Committed Loans made by all BanksLoans, 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 Swingline Loans made by all Banks the Swingline Lender, plus the Borrower's aggregate outstanding commercial paper exceed 75% of the Aggregate Commitment; aggregate Revolving Commitments, or (cb) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Committed Loans then outstanding exceed tenfifteen (15).

Bid Borrowings. In --------------- addition to Committed Borrowings pursuant to Section 2.012.2, each Bank severally agrees that the Company Borrower may, as set forth in Section 2.082.6, from time to time request the Banks prior to the Termination Date to submit offers to make Bid Loans to the CompanyBorrower; provided, however, that the Banks 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 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 Banks exceed the aggregate undrawn face amount combined Commitments 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 CommitmentBanks; or (cb) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Committed Loans then outstanding exceed ten10.