Common use of Bid Rate Loans Clause in Contracts

Bid Rate Loans. At any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Rated Party continues to maintain an Investment Grade Rating from at least one Rating Agency, 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.

Bid Rate Loans. At any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Rated Party Borrower continues to maintain an Investment Grade Rating from at least one Rating AgencyRating, 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.

Bid Rate Loans. At any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Rated Party Trust continues to maintain an Investment Grade Rating from at least one two Rating AgencyAgencies, 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 and the Borrower Representative may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Bid Rate Loans. At any time during the period from the Effective First Amendment Date to but excluding the Revolving Termination Date, and so long as the Rated Party Borrower continues to maintain an Investment Grade Rating from at least one Rating AgencyRating, the Borrower may, as set forth in this Section, request that the Revolving Lenders to make offers to make Bid Rate Loans denominated in Dollars to the Borrower in DollarsBorrower. 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.

Bid Rate Loans. At any time during the period from the Effective Date to but excluding the Revolving Credit Termination Date, and so long as the Rated Party Borrower continues to maintain an Investment Grade Rating from at least one two Rating AgencyAgencies, 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.

Bid Rate Loans. At any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Rated Party Borrower continues to maintain an Investment Grade Rating from at least one Rating Agency, 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.