Common use of Competitive Bid Requests Clause in Contracts

Competitive Bid Requests. A Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-2. No more than two (2) Competitive Bid ------------- Requests (e.g., a Borrower may request Competitive Bids for no more than two (2) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 2 contracts

Samples: Day Credit Agreement (Jp Foodservice Inc), Five Year Credit Agreement (Jp Foodservice Inc)

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Competitive Bid Requests. A Borrower The Borrowers may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- 2.4(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one two (12) nor more than four ten (410) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee, if any. The Administrative Agent shall, shall promptly following notify the Lenders of its receipt of a Competitive Bid Request under this subsection (b), notify the Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-22.4(b)-2. No more than two ten (210) Competitive Bid ------------- Requests (e.g., a Borrower the Borrowers may request Competitive Bids for no more than two ten (210) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five ten (510) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Promus Hotel Corp)

Competitive Bid Requests. A Borrower Xxxx may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- 2.3(b)-l to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-22.3(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g., a Borrower Xxxx may request Competitive Bids for no more than two three (23) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Hunt Corp)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- Exhibit 2.2(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one three (13) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Feerequested. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A The form of such notice is provided in Schedule VA-2Exhibit 2.2(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a any one time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Day Credit Agreement (Universal Corp /Va/)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids ------------------------ by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule -------- VA-1 ------------- to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) ---- on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-2. No more than two (2) Competitive Bid ------------- Requests (e.g., a the Borrower may request Competitive Bids for no more than two (2) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Jp Foodservice Inc)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- 2.2(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one three (13) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the currency and amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Feerequested. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A The form of such notice is provided in Schedule VA-22.2(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g.i.e., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a any one time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Nucor Corp)

Competitive Bid Requests. A Borrower Xxxx may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- 2.3(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-22.3(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g., a Borrower Xxxx may request Competitive Bids for no more than two three (23) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Hunt Corp)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- Exhibit 2.2(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one three (13) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the currency and amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Feerequested. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A The form of such notice is provided in Schedule VA-2Exhibit 2.2(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a any one time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Universal Corp /Va/)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- Exhibit 2.3(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-2Exhibit 2.3(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (United Dominion Realty Trust Inc)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- 2. 2(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one three (13) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the currency and amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Feerequested. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A The form of such notice is provided in Schedule VA-22.2(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g.i.e., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a any one time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Nucor Corp)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- 2.3(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-22.3(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Hunt Manufacturing Co)

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Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- Exhibit 2.08(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the Lenders Banks of its receipt and the contents thereof and invite the Lenders Banks to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-2Exhibit 2.08(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Owens & Minor Inc/Va/)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- Exhibit 2.3(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the any required Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-2Exhibit 2.3(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (United Dominion Realty Trust Inc)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- 2.2(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one three (13) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which that shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing borrowing, and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Feerequested. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A The form of such notice is provided in Schedule VA-22.2(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g.i.e., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a any one time) shall be submitted at any one time time, and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Universal Corp /Va/)

Competitive Bid Requests. A The Borrower may solicit Competitive ------------------------ Bids by ------------------------ delivery of a Competitive Bid Loan Request substantially in the form of Schedule VA-1 ------------- to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) 10:00 a.m. on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowingBid Loan. A Competitive Bid Loan Request must (i) be substantially in the form of Exhibit 2.3(b), (ii) shall specify (iA) the date of the requested -------------- Competitive Bid Loan borrowing (which shall be a Business Day), (iiB) the amount of the requested Competitive Bid Loan borrowing and (iiiC) the applicable Interest Periods requested and requested, (iii) shall be accompanied by payment of the Competitive Bid Request FeeFee unless other procedures are agreed to by the Administrative Agent and the Borrower for the payment of such fee and (iv) shall comply in all respects with Section 4.2. The Administrative Agent shall, promptly following shall notify the Lenders of its receipt of a Competitive Bid Request under this subsection (b), notify the Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-2. No The Borrower may not request a Competitive Bid for more than two (2) Competitive Bid ------------- Requests (e.g., a Borrower may request Competitive Bids for no more than two (2) three different Interest Periods at a time) shall be submitted at any one time per Competitive Bid Request and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Knoll Inc)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- Exhibit 2.2(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the Lenders Banks of its receipt and the contents thereof and invite the Lenders Banks to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-2Exhibit 2.2(b)-2. No more than two four (24) Competitive Bid ------------- Requests (e.g., a the Borrower may request Competitive Bids for no more than two four (24) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Westpoint Stevens Inc)

Competitive Bid Requests. A The Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- 2.2(b)-1 to the Administrative Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day (x) not less than one four (14) nor more than four six (46) Business Days prior to the date of a requested Competitive Loan borrowingborrowing in Dollars and (y) not less than six (6) nor more than eight (8) Business Days prior to the date of a requested Competitive Loan borrowing in Available Foreign Currencies. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the currency and amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Feerequested. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A The form of such notice is provided in Schedule VA-22.2(b)-2. No more than two three (23) Competitive Bid ------------- Requests (e.g.i.e., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a any one time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Credit Agreement (Nucor Corp)

Competitive Bid Requests. A The Borrower may solicit ------------------------ Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- Exhibit 2.2(b)-1 to the Administrative ---------------- Agent by 12:00 Noon (Charlotte, North Carolina time) on a Business Day not less than one three (1) nor more than four (43) Business Days prior to the date of a requested Competitive Loan borrowing. A Competitive Bid Request shall specify (i) the date of the requested Competitive Loan borrowing (which shall be a Business Day), (ii) the amount of the requested Competitive Loan borrowing and (iii) the applicable Interest Periods requested and shall be accompanied by payment of the Competitive Bid Request Feerequested. The Administrative Agent shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the affected Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. A form of such notice is provided in Schedule VA-2Exhibit 2.2(b)-2. No more than two three (23) Competitive Bid ------------- Requests ---------------- (e.g., a the Borrower may request Competitive Bids for no more than two three (23) different Interest Periods at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than once every five (5) Business Days.

Appears in 1 contract

Samples: Five Year Credit Agreement (Graybar Electric Co Inc)

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