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

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 and must be submitted to the Agent by telecopy at its offices specified in or pursuant to Section 9.01 not later than (i) 9:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Auction or (ii) 9:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Borrower and the Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB may only be submitted if the Agent or JPMCB notifies the Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 and Section 6.03, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Agent given on the instructions of the Borrower.

Appears in 4 contracts

Samples: Credit Agreement (Emerson Electric Co), Credit Agreement (Emerson Electric Co), Assignment and Assumption Agreement (Emerson Electric Co)

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Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Agent by telecopy at its offices specified in or pursuant to Section 9.01 Article XIII not later than (i) 9:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (ii) 9:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Requesting Borrower and the Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB Bank One may only be submitted if the Agent or JPMCB Bank One notifies the Requesting Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Agent given on the instructions of the Requesting Borrower.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (Nationwide Financial Services Inc/), Credit Agreement (Nationwide Financial Services Inc/), Five Year Credit Agreement (Nationwide Financial Services Inc/)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Administrative Agent by telecopy at its offices specified in or pursuant to Section 9.01 Article XV not later than (i) 9:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (ii) 9:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the applicable Borrower and the Administrative Agent may agree); provided provided, that Competitive Bid Quotes submitted by JPMCB First Chicago may only be submitted if the Administrative Agent or JPMCB First Chicago notifies the applicable Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the applicable Borrower.

Appears in 1 contract

Samples: Credit Agreement (Midas Inc)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 and must be submitted to the Agent by telecopy at its offices specified in or pursuant to Section 9.01 not later than (i) 9:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Auction or (ii) 9:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Borrower and the Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB Bank One may only be submitted if the Agent or JPMCB Bank One notifies the Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 and Section 6.03, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Emerson Electric Co)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Agent by telecopy at its offices specified in or pursuant to Section 9.01 Article XIII not later than (i) 9:00 10:00 a.m. (Chicago New York time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (ii) 9:00 10:00 a.m. (Chicago New York time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Requesting Borrower and the Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB CUSA may only be submitted if the Agent or JPMCB CUSA notifies the Requesting Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Agent given on the instructions of the Requesting Borrower.

Appears in 1 contract

Samples: Assignment Agreement (Nationwide Financial Services Inc/)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Administrative Agent by telex or telecopy at its offices specified in or pursuant to Section 9.01 Article XIII not later than (i) 9:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (ii) 9:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case case, upon reasonable prior notice to the Lenders, such other earlier time and date as the Borrower and the Administrative Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB First Chicago may only be submitted if the Administrative Agent or JPMCB First Chicago notifies the Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, 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: Credit Agreement (Green Tree Financial Corp)

Submission and Contents of Competitive Bid Quotes. (ai) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Agent by telecopy at its offices specified in or pursuant to Section 9.01 Article XIII not later than (ia) 9:00 a.m. 2:00 p.m. (Chicago time) at least three four Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (iib) 9:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Borrower and the Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB Bank One may only be submitted if the Agent or JPMCB Bank One notifies the Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

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Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Administrative Agent by telex or telecopy at its offices specified in or pursuant to Section 9.01 Article XIII not later than (i) 9:00 a.m. (Chicago time) at least three four Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (ii) 9:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Borrower and the Administrative Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB JPMorgan Chase Bank, N.A. may only be submitted if the Administrative Agent or JPMCB JPMorgan Chase Bank, N.A. notifies the Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, 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: Credit Agreement (Ralcorp Holdings Inc /Mo)

Submission and Contents of Competitive Bid Quotes. (ai) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Agent by telecopy at its offices specified in or pursuant to Section 9.01 Article XIII not later than (ia) 9:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (iib) 9:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Borrower and the Agent may agree); provided PROVIDED that Competitive Bid Quotes submitted by JPMCB Bank One may only be submitted if the Agent or JPMCB Bank One notifies the Borrower of the terms of the offer or offers contained therein not later than 15 30 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Agent given on the instructions of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Agent by telecopy at its offices specified in or pursuant to Section 9.01 Article XIII not later than (i) 9:00 10:00 a.m. (Chicago New York time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (ii) 9:00 10:00 a.m. (Chicago New York time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon Table of Contents reasonable prior notice to the Lenders, such other time and date as the Requesting Borrower and the Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB CUSA may only be submitted if the Agent or JPMCB CUSA notifies the Requesting Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, any Competitive Bid Quote so made shall be irrevocable except with the written consent of the Agent given on the instructions of the Requesting Borrower.

Appears in 1 contract

Samples: Year Credit Agreement (Nationwide Financial Services Inc/)

Submission and Contents of Competitive Bid Quotes. (a) Each Lender may, in its sole discretion, submit a Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.05.4 2.3.4 and must be submitted to the Administrative Agent by telex or telecopy at its offices specified in or pursuant to Section 9.01 Article XIII not later than (i) 9:00 10:00 a.m. (Chicago New York time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurocurrency Eurodollar Auction or (ii) 9:00 10:00 a.m. (Chicago New York time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Borrower and the Administrative Agent may agree); provided that Competitive Bid Quotes submitted by JPMCB Chase may only be submitted if the Administrative Agent or JPMCB Chase notifies the Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the latest time at which the relevant Competitive Bid Quotes must be submitted by the other Lenders. Subject to Article 3 Articles IV and Section 6.03VIII, 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: Credit Agreement (Cna Surety Corp)

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