Procedure for Bid Borrowings Sample Clauses

Procedure for Bid Borrowings. (a) When a Borrower wishes to request the Banks to submit offers to make Bid Loans hereunder, it shall transmit to the Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of Exhibit G (a "Competitive Bid Request") so as to be received no later than 7:00 a.m. (San Francisco time) at least (x) four Business Days prior to the date of a proposed Bid Borrowing in the case of a LIBOR Auction, or (y) two Business Days prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:
AutoNDA by SimpleDocs
Procedure for Bid Borrowings. (a) The Borrower may request a Bid Borrowing hereunder by delivering to the Administrative Agent and each Lender by facsimile not later than 12:00 noon (New York City time) (i) three Business Days prior to the date of the proposed Borrowing, in the case of LIBOR Bid Loans; and (ii) one Business Day prior to the date of the proposed Borrowing, in the case of Absolute Rate Bid Loans, a solicitation for Bid Loans (a "Competitive Bid Request"), in substantially the form of Exhibit 2.04(a), specifying:
Procedure for Bid Borrowings. The Company may, as set forth in this Section, request the Agent to solicit offers from all the Banks to make Bid Loans.
Procedure for Bid Borrowings. (a) The Company may request a Bid Borrowing hereunder by delivering to the Agent by facsimile not later than 11:00 a.m. (New York City time) at least (i) four Business Days prior to the date of the proposed Borrowing, in the case of a request for Base Rate Bid Loans, and (ii) two Business Days (or, in the event the Company desires that Competitive Bids be furnished on the date of the proposed Bid Borrowing, one Business Day) prior to the date of the proposed Bid Borrowing in the case of a request for Fixed Rate Bid Loans, a solicitation for Bid Loans (a "Competitive Bid Request"), in substantially the form of Exhibit 2.04(a) specifying therein:
Procedure for Bid Borrowings. (a) When the Company wishes to request the Lenders to submit offers to make Bid Loans hereunder, it shall transmit to the Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of Exhibit C (a "Competitive Bid Request") so as to be received no later than 9:00 a.m. (Chicago time) one Business Day prior to the date of such proposed Bid Borrowing, specifying:
Procedure for Bid Borrowings. (a) When the Company wishes to request the Banks to submit offers to make Bid Loans hereunder, it shall transmit to the Banks by telephone call followed promptly by facsimile transmission a notice in substantially the form of EXHIBIT F (a "COMPETITIVE BID REQUEST") so as to be received no later than 12:00 noon (Boston time) (x) four Business Days prior to the date of a proposed Bid Borrowing in the case of a LIBOR Auction, or (y) two Business Days prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:
Procedure for Bid Borrowings. (a) When the Company wishes to request the Lenders to submit offers to make Bid Loans hereunder, it shall transmit to the Administrative Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of Exhibit C (a "Competitive Bid Request") so as to be --------- ----------------------- received no later than 10:30 a.m. Chicago time on the Business Day prior to the date of such proposed Bid Borrowing, specifying:
AutoNDA by SimpleDocs
Procedure for Bid Borrowings. (a) When the Revolving Borrower wishes to request the Lenders to submit offers to make Bid Loans hereunder, it shall transmit to the Administrative Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of EXHIBIT M (a "COMPETITIVE BID REQUEST") so as to be received no later than 7:00 a.m. (San Francisco time) (x) four Business Days prior to the date of a proposed Bid Borrowing in the case of a Eurodollar Auction, or (y) two Business Days prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:
Procedure for Bid Borrowings. (a) When any Borrower wishes to request the Banks to submit offers to make Bid Loans hereunder, it shall transmit to the Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of Exhibit C (a "Competitive Bid Request") so as to be received no later than 1:00 P.M. (New York City time) (x) not less than four Business Days prior to the date of a proposed Bid Borrowing in the case of a Eurodollar Auction, or (y) not less than two Business Days prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:
Procedure for Bid Borrowings. (1) When the Company wishes to request offers to make Bid Loans hereunder, it shall notify the Agent by FAX of a notice in substantially the form of Exhibit F-1 (a "COMPETITIVE BID REQUEST") no later than 9:00 a.m. (Philadelphia time), two Business Days prior to the proposed Bid Loan Borrowing Date of a Bid Borrowing, specifying: (i) the date of such Bid Borrowing, which shall be a Business Day; (ii) the aggregate amount of such Bid Borrowing, which shall be a minimum amount of $10,000,000 or in any integral multiple of $1,000,000 in excess thereof; (iii) the Bid Loan Duration applicable thereto; (iv) the Borrower requesting such Bid Loan; and (v) the Company's account to which the proceeds of the Bid Loan should be credited. The Company may neither request Competitive Bids for more than two Bid Loan Durations in a single Competitive Bid Request nor request Competitive Bids more frequently than once every three Business Days.
Time is Money Join Law Insider Premium to draft better contracts faster.