Common use of The Competitive Bid Option Clause in Contracts

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a Borrower may, as set forth in this Section, request the Lenders to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during the Revolving Credit Period. The Lenders may, but shall have no obligation to, make such offers and such Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 4 contracts

Samples: 364 Day Credit Agreement (Linde PLC), 364 Day Credit Agreement (Linde PLC), 364 Day Credit Agreement (Linde PLC)

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The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a Borrower the Company may, as set forth in this Section, request the Lenders Banks during the Revolving Credit Period to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during the Revolving Credit PeriodCompany. The Lenders Banks may, but shall have no obligation to, make such offers and such Borrower the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 4 contracts

Samples: Credit Agreement (Rockwell Collins Inc), Credit Agreement (Rockwell Automation Inc), Credit Agreement (Rockwell Automation Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.012.01(a), a each Borrower may, as set forth in this Section, request the Lenders Banks to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during the Revolving Credit Period. The Lenders Banks may, but shall have no obligation to, make such offers and such Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 3 contracts

Samples: Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a the Borrower may, as set forth in this Section, request the Lenders Banks prior to the Termination Date to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during the Revolving Credit PeriodBorrower. The Lenders Banks may, but shall have no obligation to, make such offers and such the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 3 contracts

Samples: Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a 2.01 the Borrower may, as set forth in this Section, request the Lenders to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such the Borrower from time to time during the Revolving Credit Period. The Lenders may, but shall have no obligation to, make such offers and such the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 3 contracts

Samples: Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a Borrower the Company may, as set forth in this SectionSection 2.03, request the Lenders Banks during the Revolving Credit Period to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during the Revolving Credit PeriodCompany. The Lenders Banks may, but shall have no obligation to, make such offers and such Borrower the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this SectionSection 2.03.

Appears in 3 contracts

Samples: Credit Agreement (Rockwell Collins Inc), Credit Agreement (Rockwell Collins Inc), Credit Agreement (Rockwell Collins Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a the Borrower may, as set forth in this Section, request the Lenders Banks to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such the Borrower from time to time during the Revolving Credit Period. The Lenders Banks may, but shall have no obligation to, make such offers and such the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Textron Financial Corp), Credit Agreement (Textron Financial Corp)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a the Borrower may, as set forth in this Section, request the Lenders Banks prior to the latest Termination Date to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during the Revolving Credit PeriodBorrower. The Lenders Banks may, but shall have no obligation to, make such offers and such the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 2 contracts

Samples: Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a the Borrower may, as set forth in this Section, request the Lenders Banks to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such the Borrower from time to time during the Revolving Credit Period. The Lenders Banks may, but shall have no obligation to, make such offers offers. and such the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Blyth Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a the Borrower may, as set forth in this Section, request the Lenders during the Revolving Credit Period to make offers to make Competitive Bid Loans in an Approved Currency or another currency Dollars to such Borrower from time to time during the Revolving Credit PeriodBorrower. The Lenders may, but shall have no obligation to, make such offers and such the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Estee Lauder Companies Inc)

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The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a the Borrower may, as set forth in this Section, request the Lenders to make offers to make Competitive Bid Loans in an Approved Currency or another currency Dollars to such the Borrower from time to time during the Revolving Credit Period. The Lenders may, but shall have no obligation to, make such offers and such the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Universal Health Services Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a Borrower the Company may, as set forth in this SectionSection 2.03, request the Lenders during the Revolving Credit Period to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during the Revolving Credit PeriodCompany. The Lenders may, but shall have no obligation to, make such offers and such Borrower the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this SectionSection 2.03.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Collins Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a Borrower the Company may, as set forth in this Section, request the Lenders to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during any of the Revolving Credit PeriodBorrowers. The Lenders may, but shall have no obligation to, make such offers and such Borrower the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section ‎Section 2.01, a Borrower the Company may, as set forth in this Section, request the Lenders Banks during the Revolving Credit Period to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such Borrower from time to time during the Revolving Credit PeriodCompany. The Lenders Banks may, but shall have no obligation to, make such offers and such Borrower the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Collins Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, a the Borrower may, as set forth in this Section, request the Lenders Banks to make offers to make Competitive Bid Loans in an Approved Currency or another currency to such the Borrower from time to time during prior to the Revolving Credit PeriodTermination Date. The Lenders Banks may, but shall have no obligation to, make such offers and such the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Pacificorp /Or/)

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