Common use of Competitive Clause in Contracts

Competitive. Bid Loans shall be evidenced by the Competitive Bid Notes. In no event shall the aggregate of all Competitive Bid Loans outstanding at any time exceed 50% of the Aggregate Commitment.

Appears in 2 contracts

Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust), Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)

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Competitive. Bid Loans shall be evidenced by the Competitive Bid Notes. In no event shall the aggregate of all Competitive Bid Loans outstanding at any time exceed 50% of the Aggregate Commitment and when added to all outstanding Advances (including, without limitation, LIBOR Advances, Fixed Rate Advances and CBR Advances) shall not exceed the Aggregate Commitment.

Appears in 2 contracts

Samples: Unsecured Revolving Credit Agreement (Susa Partnership Lp), Unsecured Revolving Credit Agreement (Susa Partnership Lp)

Competitive. Bid Loans shall be evidenced by the Competitive Bid Notes. In no event shall the aggregate of all Competitive Bid Loans outstanding at any time exceed 50% of the Aggregate Commitment and when added to all outstanding Advances (including, without limitation, LIBOR Advances, Fixed Rate Advances and ABR Advances) shall not exceed the Aggregate Commitment.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Storage Usa Inc)

Competitive. Bid Loans shall be evidenced by the Competitive Bid Notes. In no event shall the aggregate of all Competitive Bid Loans outstanding at any time exceed fifty percent (50% %) of the Aggregate Commitment. Each Competitive Bid Advance shall be repaid by the Borrower on the last day of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

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Competitive. Bid Loans shall be evidenced by the Competitive Bid Notes. In no event shall the aggregate of all Competitive Bid Loans outstanding at any time exceed 5040% of the Aggregate Commitment.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)

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