Common use of Bid Rate Loans Clause in Contracts

Bid Rate Loans. In addition to borrowings of Revolving Loans, at any time during the period from the Effective Date to but excluding the Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two of S&P, Xxxxx’x and Fitch, the Borrower may, as set forth in this Section, request the Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 4 contracts

Samples: Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp)

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Bid Rate Loans. (a) Bid Rate Loans. In addition to borrowings of Revolving Loans, at any time during the period from the Effective Date to but excluding the Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two of S&P, Xxxxx’x and Fitch, the Borrower may, as set forth in this Section, request the Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 3 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

Bid Rate Loans. In addition to borrowings of Revolving Loans, at any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two of S&P, Xxxxx’x Moody’s and Fitch, the Borrower may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 2 contracts

Samples: Credit Agreement (Elme Communities), Credit Agreement (Elme Communities)

Bid Rate Loans. In addition to borrowings of Revolving Loans, at At any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as at least one of the Borrower Borrowers continues to maintain an Investment Grade Rating from any two of S&P, Xxxxx’x and FitchS&P or Xxxxx’x, the Borrower Representative may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower Borrowers in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers offers, and the Borrower Representative may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 2 contracts

Samples: Credit Agreement (Sl Green Operating Partnership, L.P.), Credit Agreement (Sl Green Operating Partnership, L.P.)

Bid Rate Loans. In addition to borrowings of Revolving (a) Bid Rate Loans, at . At any time during the period from the Effective Date to but excluding the Termination Date, and so long as at least one of the Borrower Borrowers continues to maintain an Investment Grade Rating from any two of S&P, Xxxxx’x and FitchS&P or Xxxxx’x, the Borrower Representative may, as set forth in this Section, request the Lenders to make offers to make Bid Rate Loans to the Borrower Borrowers in Dollars. The Lenders may, but shall have no obligation to, make such offers offers, and the Borrower Representative may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Sl Green Operating Partnership, L.P.)

Bid Rate Loans. (a) Bid Rate Loans. In addition to borrowings of Revolving Loans, at any time during the period from the Effective Date to but excluding the Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two of S&P, Xxxxx’x Xxxxx'x and Fitch, the Borrower may, as set forth in this Section, request the Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

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Bid Rate Loans. BID RATE LOANS. In addition to borrowings of Revolving Loans, at any time during the period from the Effective Date to but excluding the Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two of S&P, Xxxxx’x Xxxxx'x and Fitch, the Borrower may, as set forth in this Section, request the Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Realty Income Corp)

Bid Rate Loans. In addition to borrowings of Revolving Loans, at any -------------- time during the period from the Effective Date to but excluding the Termination Date, and so long as the Borrower continues to maintain has been assigned an Investment Grade Rating from any two of S&P, Xxxxx’x and Fitcheither S&P or Xxxxx'x, the Borrower may, as set forth in this Section, request the Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Federal Realty Investment Trust)

Bid Rate Loans. In addition to borrowings of Revolving Loans, at any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two of S&P, Xxxxx’x Moody’s and Fitch, the Borrower may, as set xx xxx forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

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