Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.
Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.
Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).
Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.
Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.
Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted under the bidding procedure described in Section 2.03.
Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.
Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.
Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.
Bid Loan has the meaning specified in Section 2.03(a).
Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.
Competitive Loan means a Loan made pursuant to Section 2.04.
Bid Borrowing means a borrowing consisting of simultaneous Bid Loans of the same Type from each of the Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.03.
Competitive Bid Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender.
Bid Rate Loan means a loan made by a Lender under Section 2.2.
Competitive Bid Reduction has the meaning specified in Section 2.01.
Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).
Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.
Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.
Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.
Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.
Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Borrower.
Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).
Swingline Loan Request has the meaning set forth in Section 2.06(b).
Competitive Bid Margin means the margin above or below the applicable Eurocurrency Base Rate offered for a Eurocurrency Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurocurrency Base Rate.
Notice of Committed Borrowing has the meaning set forth in Section 2.02.