Common use of The Competitive Bid Advances Clause in Contracts

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Advance, the aggregate amount of the Advances then outstanding (based, in respect of any Advance denominated in a Foreign Currency, on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 12 contracts

Samples: Day Credit Agreement (United Parcel Service Inc), Day Credit Agreement (United Parcel Service Inc), Day Credit Agreement (United Parcel Service Inc)

AutoNDA by SimpleDocs

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring prior to the latest Termination Date then in effect in the manner set forth below; provided that, following the making of each Competitive Bid Advance, the aggregate amount of the Advances then outstanding (based, in respect of any Advance denominated in a Foreign Currency, on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 4 contracts

Samples: Five Year Credit Agreement (United Parcel Service Inc), Five Year Credit Agreement (United Parcel Service Inc), Year Credit Agreement (United Parcel Service Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid AdvanceBorrowing, the aggregate amount of the Advances then outstanding (based, based in respect of any Advance denominated in a Foreign Currency, Committed Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 3 contracts

Samples: Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid AdvanceBorrowing, the aggregate amount of the Advances then outstanding (based, based in respect of any Advance denominated in a Foreign Currency, Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 3 contracts

Samples: Day Credit Agreement (Goodrich Corp), 364 Day Credit Agreement (Goodrich Corp), Year Credit Agreement (Goodrich Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 10 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid AdvanceBorrowing, the aggregate amount of the Advances then outstanding (based, based in respect of any Advance denominated in a Foreign Currency, Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Credit Agreement (Applera Corp), Credit Agreement (Applera Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof Effective Date until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid AdvanceBorrowing, the aggregate amount of the Advances then outstanding (based, based in respect of any Advance denominated in a Foreign Currency, Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Five Year Credit Agreement (Rohm & Haas Co), Year Credit Agreement (Rohm & Haas Co)

AutoNDA by SimpleDocs

The Competitive Bid Advances. (aii) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Advance, the aggregate amount of the Advances then outstanding (based, in respect of any Advance denominated in a Foreign Currency, on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Day Credit Agreement (United Parcel Service Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid AdvanceBorrowing, the aggregate amount of the Advances then outstanding (based, based in respect of any Advance denominated in a Foreign Currency, Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Day Credit Agreement (Manpower Inc /Wi/)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid AdvanceBorrowing, (x) the aggregate amount of the Advances then outstanding (based, in respect of any Advance denominated in a Foreign Currency, Currency (based on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) then outstanding shall not exceed $2,000,000,000 and (y) the aggregate amount of the Advances (based in respect of any Advance denominated in a Foreign Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested) then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Credit Agreement (Philip Morris Companies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.