Bid Rate Advances. (a) Each Bank severally agrees that, on the terms and conditions set forth in this Agreement, the Borrower may request and receive Bid Rate Advances under this §2.9 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Maturity Date in the manner set forth below; provided, however, that:
Bid Rate Advances. (a) Subject to the terms and conditions set forth herein, each Bank agrees that the Borrower may from time to time request the Banks to submit offers to make Bid Rate Loans, in Dollars or in one or more Alternative Currencies, to the Borrower prior to the Maturity Date pursuant to this §2.9; provided, however, that after giving effect to any Bid Rate Advance, (i) the Outstanding Amount of all Revolving Credit Loans, Bid Rate Loans and Letter of Credit Obligations shall not at any time exceed the Total Revolving Credit Commitment and (ii) the aggregate amount of all Bid Rate Advances then outstanding (including the requested Bid Rate Advance) shall not exceed the Bid Rate Maximum Amount. There shall not be more than ten (10) different Interest Periods in effect with respect to Bid Rate Loans at any time.
Bid Rate Advances. Each Lender may, in its sole discretion and on the terms and conditions set forth in this Agreement, make Bid Rate Advances to the Borrower from time to time in an aggregate amount not in excess of the difference between (i) the Commitment minus (ii) the sum of (A) the aggregate outstanding principal amount of all Revolving Credit Advances, plus (B) the amount of all Reimbursement Obligations. Bid Rate Advances may either bear interest at the Absolute Bid Rate or the LIBOR Bid Rate. Each Absolute Bid Rate Advance shall be for a period of not less than 7 days and not more than 180 days. Each LIBOR Bid Rate Advance shall be for a period of one, two, three or six months. Bid Rate Advances may not be prepaid without the prior written consent of the Lender making such Bid Rate Advance. Each borrowing of a Bid Rate Advance shall be a principal amount which is at least $10,000,000 and which is an integral multiple of $1,000,000. No Lender shall have an obligation to make Bid Rate Advances, and the Borrower shall have no obligation to accept any offer for Bid Rate Advances.
Bid Rate Advances. Each Lender may, in its sole discretion and on the terms and conditions set forth in this Agreement, make Bid Rate Advances to the Borrower from time to time in an aggregate amount not in excess of the difference between (i) the Commitment minus (ii) the sum of (A) the aggregate outstanding principal amount for all Revolving Credit Advances, plus (B) the aggregate outstanding principal amount of all Bid Rate Advances, plus (C) the amount of all Reimbursement Obligations, plus (D) the principal amount of Indebtedness guaranteed by the Borrower pursuant to the NationsBank Guaranties. Notwithstanding anything in the preceding sentence to the contrary, Bid Rate Advances may not exceed $300,000,000 at any time. Each Bid Rate Advance shall be for a period for not less than 7 days and not more than 90 days. The Borrower may not request any Bid Rate Advances unless the Index Debt Rating is the following or better: BBB- from S&P or Baa3 from Moody's. Bid Rate Advances may not be prepaid without the prior written consent of the Lender making such Bid Rate Advances.
Bid Rate Advances. (i) In the case of Bid Rate Advances, the Borrower, through an Authorized Signatory, shall give the Administrative Agent (which shall promptly notify the Lenders) prior to 12:00 noon, Dallas, Texas time, at least one Business Day prior to the proposed
Bid Rate Advances. (i) In the case of Bid Rate Advances, the Borrower, through an Authorized Signatory, shall give the Administrative Lender (which shall promptly notify the Lenders) prior to 12:00 noon, Dallas, Texas time, at least one Business Day prior to the proposed borrowing, irrevocable written notice of its intention to borrow a Bid Rate Advance. Each Bid Rate Advance request shall be subject to a non- refundable $500.00 processing fee payable to the Administrative Lender by the Borrower regardless of whether such Bid Rate Advance is funded. Such notice of borrowing shall specify (i) the requested funding date, which shall be a Business Day, (ii) the aggregate amount of the proposed Bid Rate Advances, (iii) the Interest Period selected by the Borrower, provided that no Interest Period shall extend past the Maturity Date and (iv) any other terms applicable thereto.
Bid Rate Advances. (a) Subject to the terms and conditions set forth herein, each Bank agrees that the Borrower may from time to time request the Banks to submit offers to make Bid Rate Loans, in Dollars or in one or more Alternative Currencies, to the Borrower prior to the Maturity Date pursuant to this §2.9; provided, however, that after giving effect to any Bid Rate Advance, (i) the Outstanding Amount of all Loans and Letter of Credit Obligations shall not at any time exceed the Total Commitment and (ii) the aggregate amount of all Bid Rate Advances then outstanding (including the requested Bid Rate Advance) shall not exceed the Bid Rate Maximum Amount. There shall not be more than ten (10) different Interest Periods in effect with respect to Bid Rate Loans at any time.
Bid Rate Advances. Each Lender may, in its sole discretion and on the terms and conditions set forth in this Agreement and such other agreements that such Lender may enter into with the Borrower, make Bid Rate Advances to the Borrower from time to time in an
Bid Rate Advances. Each Lender may, in its sole discretion and on the terms and conditions set forth in this Agreement and such other agreements that such Lender may enter into with the Borrower, make Bid Rate Advances to the Borrower from time to time in an aggregate amount not in excess of the difference between (i) the Commitment minus (ii) the sum of (A) the aggregate outstanding principal amount of all Revolving Credit Advances, plus (B) the aggregate outstanding principal amount of all Bid Rate Advances, plus (C) the amount of all Reimbursement Obligations plus (D) the aggregate outstanding principal amount of all Swing Line Advances. Each Bid Rate Advance shall be for a period of not less than 7 days and not more than 90 days. The Lenders shall have no obligation hereunder to offer any Bid Rate Advances and the Borrower may not request any Bid Rate Advances unless the Index Debt Rating is the same as or better than any two of the following: BBB- by S&P , BBB- by ARA or Baa3 by Xxxxx'x. Bid Rate Advances may not be prepaid without the prior written consent of the Lender making such Bid Rate Advance.
Bid Rate Advances. (i) In the case of Bid Rate Advances, the Borrower, through an Authorized Signatory, shall give the Administrative Lender (which shall promptly notify the Lenders) prior to 11:00 a.m., Dallas, Texas time, at least one Business Day prior to the proposed
