Common use of Procedure for Bid Borrowings Clause in Contracts

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:

Appears in 2 contracts

Samples: Credit Agreement (Pilgrim America Prime Rate Trust), Credit Agreement (Ing Prime Rate Trust)

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Procedure for Bid Borrowings. (a) When the Company Borrower wishes to request the Banks Lenders to submit offers to make Bid Loans hereunder, it shall transmit to the Banks Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of EXHIBIT F G (a "COMPETITIVE BID REQUEST") so as to be received no later than 12:00 noon 9:00 a.m. (Boston New York time) (x) four Business Days prior to the date of a proposed Bid Borrowing in the case of a LIBOR Auction, or (y) two one Business Days Day prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:

Appears in 1 contract

Samples: Credit Agreement (Adc Telecommunications Inc)

Procedure for Bid Borrowings. (a) When the Company a Borrower wishes to request the Banks to submit offers to make Bid Loans hereunder, it shall transmit to the Banks Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of EXHIBIT F G (a "COMPETITIVE BID REQUESTCompetitive Bid Request") so as to be received no later than 12:00 noon 7:00 a.m. (Boston San Francisco time) (x) four five 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:

Appears in 1 contract

Samples: Credit Agreement (HCR Manor Care Inc)

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 Administrative Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of EXHIBIT F G (a "COMPETITIVE BID REQUEST") so as to be received no later than 12:00 noon 9:00 a.m. (Boston San Francisco time) (x) four Business Days prior to the date of a proposed Bid Borrowing in the case of a LIBOR Auction, or (y) two one Business Days Day prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:

Appears in 1 contract

Samples: Credit Agreement (Foundation Health Systems Inc)

Procedure for Bid Borrowings. (a) When the Company wishes to request the Banks Lenders to submit offers to make Bid Loans hereunder, it shall transmit to the Banks Administrative Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of EXHIBIT F C (a "COMPETITIVE BID REQUEST") so as to be received no later than 12:00 noon (Boston time) 10:30 a.m. Chicago time (x) four Business Days prior to the date of a proposed Bid Borrowing in the case of a LIBOR Auction, Auction or (y) two one Business Days Day prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:

Appears in 1 contract

Samples: Credit Agreement (Republic Services Inc)

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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 Agent by telephone call followed promptly by facsimile transmission a notice in substantially the form of EXHIBIT F Exhibit G (a "COMPETITIVE BID REQUESTCompetitive Bid Request") so as to be received no later than 12:00 noon 9:00 a.m. (Boston San Francisco time) (x) four Business Days prior to the date of a proposed Bid Borrowing in the case of a LIBOR Auction, or (y) two one Business Days Day prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc)

Procedure for Bid Borrowings. (a) When the Company wishes to request the Banks Lenders to submit offers to make Bid Loans hereunder, it shall transmit to the Banks by telephone call followed promptly each Lender by facsimile transmission a notice in substantially the form of EXHIBIT F C (a an "INVITATION FOR COMPETITIVE BID REQUESTBIDS") so as to be received no later than 12:00 noon 9:00 a.m. (Boston Chicago time) (x) four Business Days prior to the date of a proposed Bid Borrowing in the case of a LIBOR Auction, Auction or (y) two one Business Days Day prior to the date of a proposed Bid Borrowing in the case of an Absolute Rate Auction, specifying:

Appears in 1 contract

Samples: Credit Agreement (International Multifoods Corp)

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