Bid Loans Sample Clauses

Bid Loans. The Company shall repay each Bid Loan on the last day of the Interest Period in respect thereof.
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Bid Loans. All outstanding Bid Loans shall be paid in full on the maturity date thereof as provided in the applicable Bid Loan Quote Request but, in any event, not later than the Maturity Date for the Revolving Facility.
Bid Loans. Any Borrower may request the Banks to offer to make uncommitted loans (each a "Bid Loan" and collectively the "Bid Loans") in U.S. Dollars in the manner set forth in this Section 3 and in amounts such that (i) the aggregate Original Dollar Amount of all outstanding Loans (whether Committed Loans or Bid Loans) and L/C Obligations shall not exceed the Commitments then in effect and (ii) only during Calendar Year 1999, the sum of the aggregate Original Dollar Amount of outstanding Loans (whether Committed Loans or Bid Loans) and L/C Obligations (other than the Excluded Standby L/C Obligations) shall not exceed the Borrowing Base as then determined and computed. The Banks may, but shall have no obligation to, make such offers and the Borrowers may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 3. Each Bank may offer to make Bid Loans in any amount (whether greater than, equal to, or less than its Commitment), subject to the limitations (i) that the aggregate Original Dollar Amount of Loans (whether Committed Loans or Bid Loans) and L/C Obligations outstanding at any time shall not at any time exceed the limits set forth in the immediately preceding sentence, (ii) that no Bid Loan shall be made if at the time thereof or immediately after giving effect thereto, the aggregate principal amount of Bid Loans then outstanding would exceed the lesser of the unused Commitments or the Bid Loan Limit and (iii) of the other conditions o f this Section 3."
Bid Loans. No Bid Loan may be prepaid without the prior consent of the applicable Bid Loan Lender.
Bid Loans. (a) Each Bank severally agrees that the Company may request Bid Borrowings denominated in Dollars comprised of either Absolute Rate Bid Loans or Eurodollar Rate Bid Loans under this Section 1.04 to be made from time to time on any Business Day during the period from the Effective Date until the date occurring one day prior to the Final Maturity Date, in the manner set forth below; provided that, following the making of each Bid Borrowing, the aggregate Original Dollar Amount of all Loans outstanding hereunder plus the aggregate amount of all Letter of Credit Outstandings at such time shall not exceed the Total Commitment in effect at such time. Each Bid Borrowing shall be in an aggregate amount not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Bid Loans. (a) The Company may request one or more Banks to make offers to make Bid Loans denominated in Dollars from time to time on any Business Day during the period from the Closing Date until the date seven days prior to the Termination Date in the manner set forth in this subsection 2.18, provided that the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of all Revolving Credit Loans, Swing Line Loans, LOC Obligations and Bid Loans outstanding at any one time shall not exceed the aggregate amount of the Commitments at such time. Each Bank may, but shall have no obligation to, make such offers, and the Company may, but shall have no obligation to, accept any such offers in the manner set forth herein.
Bid Loans. Principal. The principal balance of each Bid Loan shall be due and payable in full on the last day of the Interest Period applicable thereto. To the extent that the Agent receives funds for application to the amounts owing by the Borrower under or in respect of this Agreement or any Revolving Note in currencies other than the currency or currencies required to enable the Agent to distribute funds to the Banks in accordance with the terms of this Section 6.2, the Agent shall be entitled to convert or exchange such funds into Dollars or into a Committed Currency or from Dollars to a Committed Currency or from a Committed Currency to Dollars, as the case may be, to the extent necessary to enable the Agent to distribute such funds in accordance with the terms of this Section 6.2; provided that the Borrower and each of the Banks hereby agree that the Agent shall not be liable or responsible for any loss, cost or expense suffered by the Borrower or such Bank as a result of any conversion or exchange of currencies effected pursuant to this Section 6.2 or as a result of the failure of the Agent to effect any such conversion or exchange, except for such loss, cost or expense due to the Agent’s negligence, gross negligence or willful misconduct; and provided further that the Borrower agrees to indemnify the Agent and each Bank, and hold the Agent and each Bank harmless, for any and all losses, costs and expenses incurred by the Agent or any Bank for any conversion or exchange of currencies (or the failure to convert or exchange any currencies) in accordance with this Section 6.2 except for such losses, costs or expenses due to the Agent’s or Bank’s negligence, gross negligence or willful misconduct.
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Bid Loans. The Borrower shall repay each Bid Loan on the last day of the relevant Interest Period.
Bid Loans. The Borrower may not prepay any Bid Loan before its maturity.
Bid Loans. (i) When the Borrower desires to effect a Borrowing (or Borrowings) consisting of one or more Bid Loans, but not more often than twice in any calendar month, the Borrower shall notify the Agent by telephone, followed promptly by facsimile of a Competitive Bid Request in the form of Exhibit C (to be received no later than 10:00 a.m., San Francisco time, (x) in the case of a LIBOR Auction, four Banking Days prior to the date of the proposed Borrowing(s), or (y) in the case of an Absolute Rate Auction, two Banking Days prior to the date of the proposed Borrowing(s)), specifying (among the other information required by Exhibit C):
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