Common use of Competitive Revolving Loans Clause in Contracts

Competitive Revolving Loans. During the Commitment Period, any Borrower or Borrowers may request the Revolving Lenders to submit offers to make loans, issue letters of credit or bank guaranties, or make other financial accommodations (collectively, the “Competitive Revolving Loans”) in Dollars, Euros, Alternative Currencies or other currencies; provided that (i) the aggregate principal amount of Competitive Revolving Loans shall not exceed TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000) (as such amount may be decreased in accordance with the provisions hereof, the “Competitive Revolving Loan Maximum Amount”), and (ii) the Outstanding Amount of Multi-Currency Revolving Loan Obligations plus the Outstanding Amount of Competitive Revolving Loans shall not exceed the Aggregate Multi-Currency Revolving Committed Amount. Competitive Revolving Loans may be comprised of Fixed LIBOR Margin Bid Loans and Absolute Rate Loans, or a combination thereof, as the applicable Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. There shall not be more than five separate Competitive Revolving Loans outstanding at any time.

Competitive Revolving Loans. During the Commitment Period, any Borrower or Borrowers may request the Revolving Lenders to submit offers to make loans, issue letters of credit or bank guaranties, or make other financial accommodations (collectively, the “Competitive Revolving Loans”) in Dollars, Euros, Alternative Currencies or other currencies; provided that (i) the aggregate principal amount Outstanding Amount of Competitive Revolving Loans shall not exceed TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000200,000,000) (as such amount may be decreased in accordance with the provisions hereof, the “Competitive Revolving Loan Maximum Amount”), and (ii) the Outstanding Amount of Multi-Currency USD Revolving Loan Obligations plus the Outstanding Amount of Competitive Revolving Loans shall not exceed the Aggregate Multi-Currency USD Revolving Committed Amount. Competitive Revolving Loans may be comprised of Fixed LIBOR Margin Bid Loans and Absolute Rate Loans, or a combination thereof, as the applicable Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. There shall not be more than five separate Competitive Revolving Loans outstanding at any time.

Competitive Revolving Loans. During the Commitment Period, any a Borrower or Borrowers may request the Revolving Lenders to submit offers to make loans, issue letters of credit or bank guaranties, or make other financial accommodations (collectively, the “"Competitive Revolving Loans”") in Dollars, Euros, Alternative Available Foreign Currencies or other currenciesAlternative Foreign Currencies; provided that (i) the aggregate principal amount of Competitive Revolving Loans shall not exceed TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000) (as such amount may be decreased in accordance with the provisions hereof, the “"Competitive Revolving Loan Maximum Amount”"), (ii) with respect to each Borrower, the aggregate principal amount of Revolving Obligations owing by such Borrower shall not exceed its Designated Borrowing Limit, and (iiiii) with respect to the Revolving Lenders collectively, (A) the Outstanding Amount aggregate principal amount of Multi-Currency Revolving Loan Obligations plus the Outstanding Amount of Competitive Revolving Loans shall not exceed the Aggregate Multi-Currency Revolving Committed Amount and (B) the aggregate principal amount of Revolving Obligations in Foreign Currencies shall not exceed the Aggregate Foreign Revolving Committed Amount. Competitive Revolving Loans may be comprised of Fixed LIBOR Eurocurrency Margin Bid Loans and Absolute Rate Loans, or a combination thereof, as the applicable Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. There shall not be more than five twenty separate Competitive Revolving Loans outstanding at any time.

Competitive Revolving Loans. During the Commitment Period, any Borrower or Borrowers may request the Revolving Lenders to submit offers to make loans, issue letters of credit or bank guaranties, or make other financial accommodations (collectively, the “Competitive Revolving Loans”) in Dollars, Euros, Alternative Available Foreign Currencies or other currenciesAlternative Foreign Currencies; provided that (i) the aggregate principal amount of Competitive Revolving Loans shall not exceed TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000) (as such amount may be decreased in accordance with the provisions hereof, the “Competitive Revolving Loan Maximum Amount”), and (ii) with respect to each Borrower, the Outstanding Amount aggregate principal amount of Multi-Currency Revolving Loan Obligations plus owing by such Borrower shall not exceed its Designated Borrowing Limit, and (iii) with respect to the Outstanding Amount Revolving Lenders collectively, (A) the aggregate principal amount of Competitive Revolving Loans Obligations shall not exceed the Aggregate Multi-Currency Revolving Committed Amount and (B) the aggregate principal amount of Revolving Obligations in Foreign Currencies shall not exceed the Aggregate Foreign Revolving Committed Amount. Competitive Revolving Loans may be comprised of Fixed LIBOR Eurocurrency Margin Bid Loans and Absolute Rate Loans, or a combination thereof, as the applicable Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. There shall not be more than five twenty separate Competitive Revolving Loans outstanding at any time.