Common use of Competitive Bid Loan Quote Requests Clause in Contracts

Competitive Bid Loan Quote Requests. When the Parent wishes to request offers to make Competitive Bid Loans under this Article III, it shall transmit to the Administrative Agent by facsimile transmission, at its Office, a notice (a “Competitive Bid Loan Quote Request”) so as to be received no later than 11:00 a.m. New York time on (x) the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction or (y) the Business Day next preceding the date of borrowing proposed therein, in the case of an Absolute Rate Auction (or, in any case, such other time as the Parent and Administrative Agent may agree). The Parent may request offers to make Competitive Bid Loans for different Interest Periods in a single notice; provided, the request for each separate Interest Period shall be deemed to be a separate Competitive Bid Loan Quote Request for a separate Competitive Bid Loan (all Competitive Bid Loans proposed to be made at one time herein collectively referred to as a “Competitive Bid Borrowing”). Each such notice shall be substantially in the form of Exhibit C hereto and in any case shall specify as to each Competitive Bid Borrowing:

Appears in 2 contracts

Samples: Revolving Credit Agreement (Air Products & Chemicals Inc /De/), Revolving Credit Agreement (Air Products & Chemicals Inc /De/)

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Competitive Bid Loan Quote Requests. When the Parent wishes to request offers to make Competitive Bid Loans under this Article III, it shall transmit to the Administrative Agent by facsimile transmission, at its Office, a notice (a “Competitive Bid Loan Quote Request”) so as to be received no later than 11:00 a.m. New York time on (x) the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction or (y) the Business Day next preceding the date of borrowing proposed therein, in the case of an Absolute Rate Auction (or, in any case, such other time as the Parent and Administrative Agent may agree). The Parent may request offers to make Competitive Bid Loans for different Interest Periods in a single notice; provided, provided that the request for each separate Interest Period shall be deemed to be a separate Competitive Bid Loan Quote Request for a separate Competitive Bid Loan (all Competitive Bid Loans proposed to be made at one time herein collectively referred to as a “Competitive Bid Borrowing”). Each such notice shall be substantially in the form of Exhibit C hereto and in any case shall specify as to each Competitive Bid Borrowing:

Appears in 2 contracts

Samples: Revolving Credit Agreement (Air Products & Chemicals Inc /De/), Revolving Credit Agreement (Air Products & Chemicals Inc /De/)

Competitive Bid Loan Quote Requests. When the Parent Borrower wishes to request offers to make Competitive Bid Loans under this Article IIISection 2.03, it shall transmit to the Administrative Agent by facsimile transmissiontelecopy, at its Office, a notice (a “Competitive Bid Loan Quote Request”"COMPETITIVE BID LOAN QUOTE REQUEST") so as to be received no later than 11:00 a.m. New York 10:00 a.m., Los Angeles time on (x) the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction Auction, (y) the third Business Day prior to the date of Borrowing proposed therein, in the case of a CD Rate Auction, or (yz) the Business Day next preceding the date of borrowing proposed therein, in the case of an a Base Rate Auction or Absolute Rate Auction (or, in any case, such other time as the Parent Borrower and Administrative Agent may agree). The Parent Borrower may request offers to make Competitive Bid Loans for different Interest Periods in a single notice; provided, PROVIDED that the request for each separate Interest Period shall be deemed to be a separate Competitive Bid Loan Quote Request for a separate Competitive Bid Loan (all Competitive Bid Loans proposed to be made at one time herein collectively referred to as a “Competitive Bid Borrowing”"COMPETITIVE BID BORROWING"). Each such notice shall be substantially in the form of Exhibit C B hereto and in any case shall specify as to each Competitive Bid Borrowing:

Appears in 2 contracts

Samples: Credit Agreement (Foster Wheeler Corp), Credit Agreement (Foster Wheeler Corp)

Competitive Bid Loan Quote Requests. When the Parent wishes to request offers to make Competitive Bid Loans under this Article III, it shall transmit to the Administrative Agent by facsimile transmission, at its Office, a notice (a “Competitive Bid Loan Quote Request”) so as to be received no later than 11:00 a.m. New York time on (x) the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction or (y) the Business Day next preceding the date of borrowing proposed therein, in the case of an Absolute Rate Auction (or, in any case, such other time as the Parent and Administrative Agent may agree). The Parent may request offers to make Competitive Bid Loans for different Interest Periods in a single notice; provided, provided that the request for each separate Interest Period shall be deemed to be a separate Competitive Bid Loan Quote Request for a separate Competitive Bid Loan (all Competitive Bid Loans proposed to be made at one time herein collectively referred to as a #89365364v21 “Competitive Bid Borrowing”). Each such notice shall be substantially in the form of Exhibit C hereto and in any case shall specify as to each Competitive Bid Borrowing:

Appears in 1 contract

Samples: Revolving Credit Agreement (Air Products & Chemicals Inc /De/)

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Competitive Bid Loan Quote Requests. When the Parent a Borrower wishes to request offers to make Competitive Bid Loans under this Article IIISection 2.03, it the Company (acting on behalf of the applicable Borrower) shall transmit to the Administrative Agent by facsimile transmissiontelecopy, at its Office, a notice (a “Competitive Bid Loan Quote Request”"COMPETITIVE BID LOAN QUOTE REQUEST") so as to be received no later than 11:00 a.m. New York 10:00 a.m., Los Angeles time on (x) the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction Auction, (y) the third Business Day prior to the date of Borrowing proposed therein, in the case of a CD Rate Auction, or (yz) the Business Day next preceding the date of borrowing proposed therein, in the case of an a Base Rate Auction or Absolute Rate Auction (or, in any case, such other time as the Parent Company and Administrative Agent may agree). The Parent Company (acting on behalf of the applicable Borrower) may request offers to make Competitive Bid Loans for different Interest Periods in a single notice; provided, PROVIDED that the request for each separate Interest Period shall be deemed to be a separate Competitive Bid Loan Quote Request for a separate Competitive Bid Loan (all Competitive Bid Loans proposed to be made at one time herein collectively referred to as a “Competitive Bid Borrowing”"COMPETITIVE BID BORROWING"). Each such notice shall be substantially in the form of Exhibit C B hereto and in any case shall specify as to each Competitive Bid Borrowing:

Appears in 1 contract

Samples: Pledge Agreement (Foster Wheeler Corp)

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