Common use of Bid Borrowings Clause in Contracts

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 2.6, 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 and Swing Loans made by the Administrative Agent exceed the combined Commitments or the Borrowing Base; (b) the outstanding aggregate principal amount of Bid Loans from any one Bank exceed $100,000,000; (c) the outstanding aggregate principal amount of Bid Loans made by all Banks exceed 60% of the combined Commitments; or (d) 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 2.32.01, each Bank severally agrees that the Company may, as set forth in Section 2.62.08, 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 and Swing Loans Banks, plus the aggregate undrawn face amount of all outstanding Letters of Credit, plus the aggregate amount of drawings made by under Letters of Credit for which the Administrative Agent applicable Issuing Bank has not yet been reimbursed exceed the combined Commitments or the Borrowing BaseAggregate Commitment; (b) the outstanding aggregate principal amount of Bid Loans from any one Bank exceed $100,000,000; (c) the outstanding aggregate principal amount of all Bid Loans made by all Banks exceed 6075% of the combined CommitmentsAggregate Commitment; or (dc) 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 2.32.03, each Bank severally agrees that the Company may, as set forth in Section 2.62.06, 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 and Swing Loans made by the Administrative Agent exceed the combined Commitments or the Borrowing Base; (b) MINUS the outstanding aggregate principal amount of Bid Loans from any one Bank exceed $100,000,000; (c) the outstanding aggregate principal amount of Bid Loans made by all Banks exceed 60% of the combined CommitmentsCommercial Paper Debt; or (db) 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 2.32.1, each Bank severally agrees that the Company Borrower may, as set forth in Section 2.62.4, from time to time from the Closing Date to the Termination Date, request the Banks prior to the Revolving Termination Date to submit offers to make Bid Loans ("Bid Loans") to the CompanyBorrower; PROVIDEDprovided, HOWEVERhowever, 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 PROVIDEDprovided, FURTHERfurther, 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 Banks and Swing Loans made by the Administrative Agent exceed the combined Commitments or the Borrowing Base; (b) Loans, plus the outstanding aggregate principal amount of Bid Loans from any one Bank exceed $100,000,000; (c) the outstanding aggregate principal amount of Bid all Swingline Loans made by all Banks the Swingline Lender, plus the Borrower's aggregate outstanding commercial paper exceed 60% of the combined aggregate Revolving Commitments; , or (db) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Offshore Rate Committed Loans then outstanding exceed tenfifteen (15).

Bid Borrowings. In addition to Committed Borrowings pursuant to Section 2.32.1.1 and as a sublimit thereof, each Bank severally agrees that the Company may, as set forth in Section 2.6, from time to time request the Banks prior to the Revolving Termination Credit A Loan Maturity 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 and Swing Revolving Credit A Loans made by the Administrative Agent Banks plus the L/C Obligations exceed the combined Commitments or the Borrowing Base; (b) the outstanding aggregate principal amount of Bid Loans from any one Bank exceed $100,000,000; (c) the outstanding aggregate principal amount of Bid Loans made by all Banks exceed 60% of the combined CommitmentsTotal Revolver A Commitment; or (db) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Offshore Rate Committed Loans then outstanding exceed tentwelve.

Bid Borrowings. In --------------- addition to Committed Borrowings pursuant to Section 2.32.2, each Bank severally agrees that the Company Borrower may, as set forth in Section 2.6, from time to time request the Banks prior to the Revolving Termination Date to submit offers to make Bid Loans to the CompanyBorrower; PROVIDEDprovided, HOWEVERhowever, 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 PROVIDEDprovided, FURTHERfurther, that at no time shall -------- ------- 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 and Swing Loans made by the Administrative Agent exceed the combined Commitments or of all the Borrowing Base; (b) the outstanding aggregate principal amount of Bid Loans from any one Bank exceed $100,000,000; (c) the outstanding aggregate principal amount of Bid Loans made by all Banks exceed 60% of the combined CommitmentsBanks; or (db) the number of Interest Periods for Bid Loans then outstanding plus the number of Interest Periods for Offshore Rate Committed Loans then outstanding exceed ten10.