Common use of Bid Loans Clause in Contracts

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):

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 Administrative 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):

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):