Common use of Competitive Bid Advances Clause in Contracts

Competitive Bid Advances. Each Borrower shall repay to the Administrative Agent, for the account of each Lender that has made a Competitive Bid Advance, the aggregate outstanding principal amount of each Competitive Bid Advance made to such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, specified in the related Notice of Competitive Bid Borrowing delivered pursuant to Section 2.03(a)(i) and (ii) the Termination Date.

Appears in 10 contracts

Samples: Five Year Credit Agreement (Honeywell International Inc), 364 Day Credit Agreement (Honeywell International Inc), 364 Day Credit Agreement (Honeywell International Inc)

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Competitive Bid Advances. Each Borrower shall repay to the Administrative Agent, for the account of each Lender that has made a Competitive Bid Advance, the aggregate outstanding principal amount of each Competitive Bid Advance made to such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, specified in the related Notice of Competitive Bid Borrowing delivered pursuant to Section 2.03(a)(i) and (ii) the Revolver Termination Date.

Appears in 7 contracts

Samples: 364 Day Credit Agreement (Sprint Corp), 364 Day Credit Agreement (Sprint Corp), 364 Day Credit Agreement (Sprint Corp)

Competitive Bid Advances. Each Borrower shall repay to the Administrative Agent, for the account of each Lender that has made a Competitive Bid Advance, the aggregate outstanding principal amount of each Competitive Bid Advance made to such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, specified in the related Notice of Competitive Bid Borrowing delivered pursuant to Section 2.03(a)(i) and (ii) the Termination Date.

Appears in 5 contracts

Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc), Credit Agreement (Honeywell International Inc)

Competitive Bid Advances. Each Borrower shall repay to the ------------------------ Administrative Agent, for the account of each Lender that has made a Competitive Bid Advance, the aggregate outstanding principal amount of each Competitive Bid Advance made to such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, specified in the related Notice of Competitive Bid Borrowing delivered pursuant to Section 2.03(a)(i) and (ii) the Revolver Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Sprint Corp), 364 Day Credit Agreement (Sprint Corp)

Competitive Bid Advances. Each The Borrower shall repay to the Administrative Agent, for the account of each Lender that has made a Competitive Bid Advance, the aggregate outstanding principal amount of each Competitive Bid Advance made to such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, specified in the related Notice of Competitive Bid Borrowing delivered pursuant to Section 2.03(a)(i) and provided in the Competitive Bid Note evidencing such Competitive Bid Advance, and (ii) the Revolver Termination Date.

Appears in 1 contract

Samples: 364 Day Credit Agreement (True North Communications Inc)

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Competitive Bid Advances. Each The Borrower shall repay to the Administrative Agent, Agent for the account of each Lender that has made a Competitive Bid Advance, on the aggregate outstanding principal amount maturity date of each Competitive Bid Advance made to (such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, being that specified by the Borrower for repayment of such Competitive Bid Advance in the related Notice of Competitive Bid Borrowing delivered pursuant by the Borrower and recorded in the Competitive Bid Register with respect to Section 2.03(a)(i) and (ii) such Competitive Bid Advance), the Termination Datethen unpaid principal amount of such Competitive Bid Advance.

Appears in 1 contract

Samples: Credit Agreement (Laboratory Corp of America Holdings)

Competitive Bid Advances. Each The Borrower shall repay to the ------------------------ Administrative Agent, for the account of each Lender that has made a Competitive Bid Advance, the aggregate outstanding principal amount of each Competitive Bid Advance made to such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, specified in the related Notice of Competitive Bid Borrowing delivered pursuant to Section 2.03(a)(i) and provided in the Competitive Bid Note evidencing such Competitive Bid Advance, and (ii) the Revolver Termination Date.

Appears in 1 contract

Samples: Credit Agreement (True North Communications Inc)

Competitive Bid Advances. Each The Borrower shall repay to the Administrative Agent, Agent for the account of each Revolving Credit Lender that has made a Competitive Bid Advance, on the aggregate outstanding principal amount maturity date of each such Competitive Bid Advance made to (such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, being that specified by the Borrower for repayment of such Competitive Bid Advance in the related Notice of Competitive Bid Borrowing delivered pursuant to Section 2.03(a)(i2.02(a)(i) and (ii) provided in the Termination DateCompetitive Bid Note evidencing such Competitive Bid Advance), the then unpaid principal amount of such Competitive Bid Advance.

Appears in 1 contract

Samples: Credit Agreement (Beckman Instruments Inc)

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