Common use of Competitive Bid Request Clause in Contracts

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City time) on (x) the fourth Business Day prior to the date of Borrowing proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, which shall be a Business Day, (ii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 or a multiple of $1,000,000 in excess thereof, (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection 1.1, and (iv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection Section 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City time) on (x) the fourth Business Day prior to the date of Borrowing Date proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing Date proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, Facility under which shall the Borrowing is to be a Business Daymade, (ii) the proposed Borrowing Date, (iii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 10,000,000 or a multiple of $1,000,000 in excess thereof, (iiiiv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection Section 1.1, and (ivv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A C-1 may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.

Competitive Bid Request. When the Borrower Gannett wishes to request offers to make Competitive Loans under this subsection Section 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City Dallas, Texas time) on (x) the fourth Business Day prior to the date of Borrowing Date proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing Date proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, Facility under which shall the Borrowing is to be a Business Daymade, (ii) the proposed Borrowing Date, (iii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 10,000,000 or a multiple of $1,000,000 in excess thereof, (iiiiv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection Section 1.1, and (ivv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A C-1 may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower Gannett of such rejection. The Borrower Gannett may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower Gannett has made a Competitive Borrowing.

Competitive Bid Request. When In order to request Competitive Bids, the Borrower wishes to request offers to make Competitive Loans under this subsection 2.3, it shall transmit deliver to the Administrative Agent a duly completed Competitive Bid Request in the form of Exhibit C-1 hereto (a "Competitive Bid Request") to be received no by the Administrative Agent not later than 12:00 Noon 11:00 a.m. (New York City Charlotte time) on two Business Days before each proposed Competitive Bid Loan; provided that, the Borrower may not submit more than five (x5) the fourth Competitive Bid Requests during any period of ten (10) consecutive Business Day prior to the date of Borrowing proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, which shall be a Business Day, (ii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 or a multiple of $1,000,000 in excess thereof, (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection 1.1, and (iv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate LoansDays. A Competitive Bid Request that does not conform substantially to the format form of Exhibit A C-1 may be rejected by in the Administrative Agent in its Agent's sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejectionrejection by telephone promptly confirmed by telecopy. The Borrower may Such request offers shall in each case refer to this Agreement and specify (i) the date of such borrowing (which shall be a Business Day), (ii) the aggregate principal amount of such borrowing which shall be in a minimum principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (iii) the Competitive Bid Interest Period with respect thereto. Promptly after its receipt of a Competitive Bid Request that is not rejected as aforesaid, the Administrative Agent shall invite by telecopier (in the form set forth in Exhibit C-2 hereto) the Lenders to bid, on the terms and conditions of this Agreement, to make Competitive Bid Loans for more than one Interest Period in a single pursuant to the Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City time) on (x) the fourth Business Day prior to the date of Borrowing proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, which shall be a Business Day, (ii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 10,000,000 or a multiple of $1,000,000 in excess thereof, (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection 1.1, and (iv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.

Competitive Bid Request. When In order to request Competitive Bids, the Borrower wishes to request offers to make Competitive Loans under this subsection 2.3, it shall transmit deliver to the Administrative Agent a duly completed Competitive Bid Request in the form of Exhibit A-5 hereto (a “Competitive Bid Request”) to be received no by the Administrative Agent not later than 12:00 Noon (New York City time) on (x) the fourth Business Day prior to the date of Borrowing proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing proposed therein, in the case of a Fixed Rate Borrowing, specifying: p.m. (i) the five (5) Business Days before each proposed date of Borrowing, which shall be a Business Day, Eurodollar Competitive Bid Loan and (ii) two (2) Business Days before each proposed Fixed Rate Loan, provided that the aggregate principal amount Borrower may not submit more than two (2) Competitive Bid Requests during any period of such Borrowingfive (5) consecutive Business Days. Notwithstanding the foregoing, which the Borrower may not submit more than six (6) Competitive Bid Requests during any calendar month. No Eurocurrency Loan or ABR Loan shall be $5,000,000 requested in, or made pursuant to, a multiple of $1,000,000 in excess thereof, (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection 1.1, and (iv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate LoansBid Request. A Competitive Bid Request that does not conform substantially to the format form of Exhibit A A-5 may be rejected by in the Administrative Agent in its Agent’s sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejectionrejection by telephone promptly confirmed by telecopy. The Such request shall in each case refer to this Agreement and specify (i) whether the borrowing then being requested is to be a Eurodollar Competitive Bid Loan or a Fixed Rate Loan, (ii) the date of such borrowing (which shall be a Business Day), (iii) the aggregate principal amount of such borrowing which shall be in a minimum principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof, and (iv) the Competitive Bid Interest Periods with respect to each Eurodollar Competitive Bid Loan and each Fixed Rate Loan which Competitive Bid Interest Periods may not expire on a date later than the first Business Day prior to the Maturity Date, provided that the Borrower may not request offers to make Competitive Loans bids for more than one three (3) different durations of Competitive Bid Interest Period Periods in a single the same Competitive Bid Request. No Promptly after its receipt of a Competitive Bid Request that is not rejected as aforesaid, the Administrative Agent shall be given within three Business Days invite by facsimile (in the form set forth in Exhibit A-6 hereto) the Lenders to bid, on the terms and conditions of any other this Agreement, to make Competitive Bid Request Loans pursuant to which the Borrower has made a Competitive BorrowingBid Request.

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection SECTION 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City time) on (x) the fourth Business Day prior to the requested date of Borrowing proposed therein, borrowing in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the second Business Day immediately preceding prior to the requested date of Borrowing proposed therein, borrowing in the case of a Borrowing of Fixed Rate BorrowingCompetitive Loans, specifying: (i) the proposed date of Borrowing, which shall be a Business Day, (ii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 20,000,000 or a multiple of $1,000,000 5,000,000 in excess thereof, (iii) whether the Borrowing then being requested is to be of Eurodollar Competitive Loans or Fixed Rate Competitive Loans or some combination thereof, and (iv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period "INTEREST PERIOD" contained in subsection SECTION 1.1, and (iv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A EXHIBIT 2.3(b) may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive BorrowingRequest.

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection Section 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City time) on (x) 43 the fourth Business Day prior to the date of Borrowing Date proposed therein, in the case of a Borrowing of Eurodollar Rate EurodollarTerm Benchmark Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing Date proposed therein, in the case of a Fixed Rate Borrowing, specifying: : (i) the proposed date of BorrowingFacility under which the Borrowing is to be made, which shall be a Business Day, (ii) the proposed Borrowing Date, (iii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 10,000,000 or a multiple of $1,000,000 in excess thereof, , (iiiiv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection Section 1.1, and and (ivv) whether the Borrowing then being requested is to be of Eurodollar Rate EurodollarTerm Benchmark Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A C-1 may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City time) on (x) the fourth Business Day prior to the date of Borrowing proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, which shall be a Business Day, (ii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 or a multiple of $1,000,000 in excess thereof, (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection 1.1, and (iv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection 2.3Section 2.03, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon P.M. (New York City Boston time) on (x) the fourth Business Day prior to the date of Borrowing proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans Loans, or (y) the Business Day immediately preceding the date of Borrowing proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, which shall be a Business Day, (ii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 or a multiple of $1,000,000 in excess thereof, (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection 1.1Section 1.01, and (iv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A B may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection Section 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City time) on (x) the fourth Business Day prior to the date of Borrowing Date proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing Date proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, Facility under which shall the Borrowing is to be a Business Daymade, (ii) the proposed Borrowing Date, (iii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 10,000,000 or a multiple of $1,000,000 in excess thereof, (iiiiv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection Section 1.1, and (ivv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A C-1 may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.. 509265-1918-Active.17170865.29

Competitive Bid Request. When the Borrower wishes to request offers to make Competitive Loans under this subsection Section 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon Noon(x) 11:00 A.M. (New York City time) on (x) the fourth Business Day prior to the date of Borrowing Date proposed therein, in the case of a Borrowing of Eurodollar Rate Term Benchmark Competitive Loans or (y) 10:00 A.M. (New York City time) on the Business Day immediately preceding the date of Borrowing Date proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, Facility under which shall the Borrowing is to be a Business Daymade, (ii) the proposed Borrowing Date, (iii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 10,000,000 or a multiple of $1,000,000 in excess thereof, (iiiiv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection Section 1.1, and (ivv) whether the Borrowing then being requested is to be of Eurodollar Rate Term Benchmark Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A C-1 may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower of such rejection. The Borrower may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower has made a Competitive Borrowing.

Competitive Bid Request. When the Borrower Gannett wishes to request offers to make Competitive Loans under this subsection Section 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon (New York City time) on (x) the fourth Business Day prior to the date of Borrowing Date proposed therein, in the case of a Borrowing of Eurodollar Rate Competitive Loans or (y) the Business Day immediately preceding the date of Borrowing Date proposed therein, in the case of a Fixed Rate Borrowing, specifying: (i) the proposed date of Borrowing, Facility under which shall the Borrowing is to be a Business Daymade, (ii) the proposed Borrowing Date, (iii) the aggregate principal amount of such Borrowing, which shall be $5,000,000 10,000,000 or a multiple of $1,000,000 in excess thereof, (iiiiv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period contained in subsection Section 1.1, and (ivv) whether the Borrowing then being requested is to be of Eurodollar Rate Competitive Loans or Fixed Rate Loans. A Competitive Bid Request that does not conform substantially to the format of Exhibit A C-1 may be rejected by the Administrative Agent in its sole discretion, and the Administrative Agent shall promptly notify the Borrower Gannett of such rejection. The Borrower Gannett may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three Business Days of any other Competitive Bid Request pursuant to which the Borrower Gannett has made a Competitive Borrowing.