Common use of Submission and Contents of Competitive Bid Quotes Clause in Contracts

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 not later than (i) 10:00 a.m. (New York City time) on the third LIBOR Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (ii) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other Lenders, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other Lenders, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 and 11 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Mack Cali Realty Corp), Revolving Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty Corp)

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Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 22 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Eurodollar Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Eurodollar Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 and 11 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 3 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Waste Management Inc), Revolving Credit Agreement (Waste Management Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section §2A.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section §19 not later than (i) 10:00 a.m. (New York City time) on the third LIBOR Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (ii) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other Lenders, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other Lenders, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections §§10 and 11 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Mack Cali Realty L P), Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty L P)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 §4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 §22 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Eurodollar Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, ; provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Eurodollar Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections §§10 and 11 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Waste Management Inc), Revolving Credit Agreement (Waste Management Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 §4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 §22 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Eurodollar Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on one Business Day prior to the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, ; provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Eurodollar Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections §§10 and 11 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Waste Management Inc), Revolving Credit Agreement (Waste Management Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 22 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided PROVIDED that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 and 11 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Management Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 ss.4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 ss.21 not later than (i) 10:00 a.m. 2:00 p.m. (New York City Boston time) on the third LIBOR fourth Eurocurrency Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Eurocurrency Competitive Bid Loan or (iiy) 10:00 a.m. (New York City Boston time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided PROVIDED that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the a Borrower not later than (xii) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Eurocurrency Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 ss.ss.12 and 11 13 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the a Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sensormatic Electronics Corp)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 21 not later than (i) 10:00 a.m. 2:00 p.m. (New York City Boston time) on the third LIBOR fourth Eurocurrency Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Eurocurrency Competitive Bid Loan or (iiy) 10:00 a.m. (New York City Boston time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the a Borrower not later than (xii) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Eurocurrency Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 12 and 11 13 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the a Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sensormatic Electronics Corp)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Domestic Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 5.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 22 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Domestic Bank only if it submits its Competitive Bid Quote to the Borrower Company not later than (x) one hour prior to the deadline for the other LendersDomestic Banks, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersDomestic Banks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 Sub Section 11 and 11 12 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the BorrowerCompany.

Appears in 1 contract

Samples: Revolving Credit Agreement (Usa Waste Services Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 21 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 and 11 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Usa Waste Services Inc)

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Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 23 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided PROVIDED that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 11 and 11 12 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Waste Management Holdings Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 (S)4.5 and must be submitted to the Administrative Managing Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 (S)24 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City Boston time) on the third LIBOR fourth Eurocurrency Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (iiy) 10:00 a.m. (New York City Boston time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be -------- submitted by the Administrative Managing Agent in its capacity as a Lender only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other Lenders, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other Lenders, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 (S)(S)13 and 11 14 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Managing Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (United States Filter Corp)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 22 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections Section Section 10 and 11 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Management Holdings Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 23 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Eurodollar Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Eurodollar Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 11 and 11 12 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Day Loan Agreement (Waste Management Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender Bank may, but shall be under no obligation to, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Competitive Bid Quote Request. Each Competitive Bid Quote must comply with the requirements of this Section 2A.5 4.5 and must be submitted to the Administrative Agent by telex or facsimile transmission at its offices as specified in or pursuant to Section 19 23 not later than (ix) 10:00 a.m. 2:00 p.m. (New York City time) on the third LIBOR fourth Eurodollar Business Day prior to the proposed Drawdown Date, in the case of a LIBOR Competitive Bid Loan or (iiy) 10:00 a.m. (New York City time) on the proposed Drawdown Date, in the case of an Absolute Competitive Bid Loan, provided that Competitive Bid Quotes may be submitted by the Administrative Agent in its capacity as a Lender Bank only if it submits its Competitive Bid Quote to the Borrower not later than (x) one hour prior to the deadline for the other LendersBanks, in the case of a LIBOR Competitive Bid Loan or (y) 15 minutes prior to the deadline for the other LendersBanks, in the case of an Absolute Competitive Bid Loan. Subject to the provisions of Sections 10 11 and 11 12 hereof, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Waste Management Holdings Inc)

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