Common use of Competitive Bid Option Clause in Contracts

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.3, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2 as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.4, request the Lenders, prior to the Termination Date, to make offers to make Competitive Bid Advances to the Company or any Borrowing Subsidiary. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.4. Each Competitive Bid Advance to a Borrower shall be repaid by such Borrower on the last day of the Interest Period applicable thereto.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.32.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2 2.1.2 as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company each Borrower may, as set forth in this Section 2.42.3, request the Lenders, prior to the Facility Termination Date, to make offers to make Competitive Bid Advances to the Company or any Borrowing Subsidiarysuch Borrower. Each Lender may, but shall have no obligation to, make such offers and the Company such Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.42.3. Each Competitive Bid Advance to a Borrower shall be repaid by such Borrower on the last day of the Interest Period applicable thereto.. Table of Contents

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.32.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2 2.1(B) as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.42.1, request the Lenders, prior to the earlier of the Conversion Date and the Termination Date, to make offers to make Competitive Bid Advances to the Company or any Borrowing Subsidiaryin Dollars. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.42.1. Each The aggregate outstanding amount of Competitive Bid Advance to a Borrower Advances shall be repaid by reduce the available portion of each Lender's Revolving Loan Commitment ratably in the proportion such Borrower on the last day Lender's Pro Rata Share of the Interest Period applicable theretoAggregate Revolving Loan Commitment regardless of which Lender or Lenders make such Competitive Bid Advances.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.32.1, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2 2.2(B) as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.42.2, request the Lenders, prior to the Revolving Loan Termination Date, to make offers to make Competitive Bid Advances to the Company or any Borrowing Subsidiaryin Dollars. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.42.2. Each The aggregate outstanding amount of Competitive Bid Advance Advances shall reduce the available portion of each Lender's Tranche A Revolving Loan Commitment ratably relative to a Borrower shall be repaid by such Borrower on the last day Lender's Pro Rata Tranche A Revolving Share regardless of the Interest Period applicable theretowhich Lender or Lenders make such Competitive Bid Advances.

Competitive Bid Option. In addition to Ratable Committed Advances pursuant to Section 2.32.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2 2.1.2 as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company Borrower may, as set forth in this Section 2.42.3, request the Lenders, prior to the Termination Date, to make offers to make Competitive Bid Advances to the Company or any Borrowing SubsidiaryBorrower. Each Lender may, but shall have no obligation to, make such offers and the Company Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.42.3. Each Competitive Bid Advance to a Borrower Advances shall be repaid evidenced by such Borrower on the last day of the Interest Period applicable theretoCompetitive Bid Notes.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.32.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2 2.1(B) as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.42.1, request the Lenders, prior to the Termination Date, to make offers to make Competitive Bid Advances to the Company or any Borrowing Subsidiaryin Dollars. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.42.1. Each The aggregate outstanding amount of Competitive Bid Advance to a Borrower Advances shall be repaid by reduce the available portion of each Lender's Revolving Loan Commitment ratably in the proportion such Borrower on the last day Lender's Pro Rata Share of the Interest Period applicable theretoAggregate Revolving Loan Commitment regardless of which Lender or Lenders make such Competitive Bid Advances.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.32.1, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2 2.2(B) as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.42.2, request the Lenders, prior to the Revolving Loan Termination Date, to make offers to make Competitive Bid Advances to the Company or any Borrowing Subsidiaryin Dollars. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.42.2. Each The aggregate outstanding amount of Competitive Bid Advance Advances shall reduce the available portion of each Lender's Revolving Loan Commitment ratably relative to a Borrower shall be repaid by such Borrower on the last day Lender's Pro Rata Revolving Share regardless of the Interest Period applicable theretowhich Lender or Lenders make such Competitive Bid Advances.