Common use of Competitive Bid Requests Clause in Contracts

Competitive Bid Requests. The Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 a.m. on a Business Day not less than one nor more than five Business Days prior to the date of the requested Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b) and shall specify (A) the date of the requested Competitive Bid Loan (which shall be a Business Day), (B) the amount of the requested Competitive Bid Loan and (C) the applicable Interest Period or Interest Periods requested and must be accompanied by the Competitive Bid Fee. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. The Borrower may not request a Competitive Bid for more than three different Interest Periods per Competitive Bid Request and Competitive Bid Requests may be made no more frequently than four times every calendar month.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

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Competitive Bid Requests. The Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 11:00 a.m. on a Business Day not less than one nor or more than five Business Days prior to the date of the requested Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b2.5(b) and shall specify (Ai) the date of the requested Competitive Bid Loan (which shall be a Business Day), (Bii) the amount of the requested Competitive Bid Loan and (Ciii) the applicable Interest Period or Interest Periods requested and must be accompanied by the Competitive Bid Fee. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. The Borrower may not request a Competitive Bid for more than three four different Interest Periods per Competitive Bid Request and Competitive Bid Requests may be made no more frequently than four six times every calendar month.

Appears in 2 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)

Competitive Bid Requests. The Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 11:00 a.m. on a Business Day not less than one nor more than five Business Days prior to the date of the requested Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b2.4(b) and shall specify (Ai) the date of the requested Competitive Bid Loan (which shall be a Business Day), (Bii) the amount of the requested Competitive Bid Loan and (Ciii) the applicable Interest Period or Interest Periods requested and must be accompanied by the Competitive Bid Fee. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. The Borrower may not request a Competitive Bid for more than three four different Interest Periods per Competitive Bid Request and Competitive Bid Requests may be made no more frequently than four six times every calendar month.

Appears in 1 contract

Samples: Credit Agreement (Quest Diagnostics Inc)

Competitive Bid Requests. The Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 11:00 a.m. on a Business Day not less than one nor more than five Business Days prior to the date of the requested Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b2.4(b) and shall specify (Ai) the date of the requested Competitive Bid Loan (which shall be a Business Day), (Bii) the amount of the requested Competitive Bid Loan and (Ciii) the applicable Interest Period or Interest Periods requested and must be accompanied by the Competitive Bid Fee. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. The Borrower may not request a Competitive Bid for more than three four different Interest Periods per Competitive Bid Request and Competitive Bid Requests may be made no more frequently than four six times every calendar month.

Appears in 1 contract

Samples: Credit Agreement (Quest Diagnostics Inc)

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Competitive Bid Requests. The Borrower may solicit ------------------------ Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 a.m. on a Business Day not less than one nor more than five Business Days prior to the date of the requested Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b) and shall specify (A) the date of the -------------- requested Competitive Bid Loan (which shall be a Business Day), (B) the amount of the requested Competitive Bid Loan and (C) the applicable Interest Period or Interest Periods requested and must be accompanied by the Competitive Bid Fee. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. The Borrower may not request a Competitive Bid for more than three different Interest Periods per Competitive Bid Request and Competitive Bid Requests may be made no more frequently than four times every calendar month.

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

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