Common use of The Competitive Bid Advances Clause in Contracts

The Competitive Bid Advances. (i) Each Lender severally agrees ---------------------------- that the Borrower may make Competitive Bid Borrowings under this Section 2.01(b) from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the earlier of the Revolver Termination Date and the Term Loan Conversion Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, -------- the aggregate amount of the Advances then outstanding 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: 364 Day Credit Agreement (Kroger Co), 364 Day Credit Agreement (Kroger Co)

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The Competitive Bid Advances. (i) Each Lender severally agrees ---------------------------- that the Borrower may make Competitive Bid Borrowings under this Section 2.01(b) from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the earlier of the Revolver Termination Date and the Term Loan Conversion Date in the manner set forth below; provided PROVIDED that, following the making of each Competitive Bid Borrowing, -------- the aggregate amount of the Advances then outstanding 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 (Kroger Co)

The Competitive Bid Advances. (ia) Each Lender severally agrees ---------------------------- that the any Borrower may make Competitive Bid Borrowings under this Section 2.01(b) 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 seven days prior to the earlier of the Revolver Termination Date and the Term Loan Conversion Date in the manner set forth below; provided PROVIDED that, following the making of each Competitive Bid Borrowing, -------- the aggregate amount US Dollar Amount of the Advances then outstanding 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: Credit Agreement (Geon Co)

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The Competitive Bid Advances. (i) Each Lender ---------------------------- severally agrees ---------------------------- that the Borrower may make Competitive Bid Borrowings under this Section 2.01(b) from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the earlier of the Revolver Termination Date and the Term Loan Conversion Date in the manner set forth below; provided that, following the making of -------- each Competitive Bid Borrowing, -------- the aggregate amount of the Advances then outstanding 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 (Kroger Co)

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