Common use of Invitation for Competitive Clause in Contracts

Invitation for Competitive. Bid Quotes. Promptly and in any event before 12:00 p.m. (New York City time) on the same Business Day of receipt of a Competitive Bid Quote Request that is not rejected pursuant to Section 2.7.2, the Administrative Agent shall send to each of the Lenders by telex or telecopy an Invitation for Competitive Bid Quotes which shall constitute an invitation by the Company to each Lender to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with Section 2.7.

Appears in 2 contracts

Samples: Credit Agreement (Meritor Automotive Inc), Credit Agreement (Meritor Automotive Inc)

AutoNDA by SimpleDocs

Invitation for Competitive. Bid Quotes. Promptly and in any event before 12:00 p.m. noon (New York City Chicago time) on the same Business Day of receipt of a Competitive Bid Quote Request that is not rejected pursuant to Section 2.7.22.3.2, the Administrative Agent shall send to each of the Lenders by telex or telecopy an Invitation for Competitive Bid Quotes which shall constitute an invitation by the Company Borrower to each Lender to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with Section 2.72.3.4.

Appears in 2 contracts

Samples: 364 Day Revolving Credit Agreement (Dynegy Inc), Credit Agreement (Dynegy Inc)

Invitation for Competitive. Bid Quotes. Promptly and in any event before 12:00 p.m. (New York City time) the close of business on the same Business Day of receipt of a Competitive Bid Quote Request that is not rejected pursuant to Section 2.7.22.8.2, the Administrative Agent shall send to each of the Revolving Lenders by telex or telecopy an Invitation for Competitive Bid Quotes Quotes, which shall constitute an invitation Invitation by the Company Borrower to each Revolving Lender to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with this Section 2.72.8.

Appears in 1 contract

Samples: Credit Agreement (Cooper Cameron Corp)

Invitation for Competitive. Bid Quotes. Promptly and in any event before 12:00 p.m. (New York City Detroit time) on the same Business Day of receipt of a Competitive Bid Quote Request that is not rejected pursuant to Section 2.7.22.5.2, the Administrative Agent shall send to each of the Lenders by telex or telecopy an Invitation for Competitive Bid Quotes which shall constitute an invitation by the Company requesting Borrower to each Lender to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with Section 2.72.5.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

Invitation for Competitive. Bid Quotes. Promptly and in any event before 12:00 3:00 p.m. (New York City Chicago time) on the same Business Day of receipt of a Competitive Bid Quote Request that is not rejected pursuant to Section 2.7.22.3.2, the Administrative Agent shall send to each of the Lenders by telex or telecopy an Invitation for Competitive Bid Quotes substantially in the form of Exhibit D hereto, which shall constitute an invitation by the Company Borrower to each Lender to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with this Section 2.72.3.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

AutoNDA by SimpleDocs

Invitation for Competitive. Bid Quotes. Promptly and in any event before 12:00 1:00 p.m. (New York City time) on the same Business Day of receipt of a Competitive Bid Quote Request that is not rejected pursuant to Section 2.7.22.2.2, the Administrative Agent shall send to each of the Lenders by telex or telecopy an Invitation for Competitive Bid Quotes Quotes, substantially in the form of Exhibit 2.2.3 attached hereto, which shall constitute an invitation by the Company Borrower to each Lender to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with Section 2.72.2.4.

Appears in 1 contract

Samples: Credit Agreement (Noble Affiliates Inc)

Invitation for Competitive. Bid Quotes. Promptly and in any event before 12:00 p.m. noon (New York City Chicago time) on the same Business Day of receipt of a Competitive Bid Quote Request that is not rejected pursuant to Section 2.7.22.3.2, the Administrative Agent shall send to each of the Tranche A Lenders by telex or telecopy an Invitation for Competitive Bid Quotes which shall constitute an invitation by the Company Borrower to each Tranche A Lender to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with Section 2.72.3.4.

Appears in 1 contract

Samples: Credit Agreement (NGC Corp)

Invitation for Competitive. Bid Quotes. Promptly and in any event before 12:00 p.m. noon (New York City Chicago time) on the same Business Day of receipt of a Competitive Bid Quote Request that is not rejected pursuant to Section 2.7.22.3.2, the Administrative Agent shall send to each of the Lenders by telex or telecopy facsimile an Invitation for Competitive Bid Quotes which shall constitute an invitation by the Company Borrower to each Lender to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with Section 2.72.3.4.

Appears in 1 contract

Samples: Credit Agreement (Northern Border Partners Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!