Bid Borrowing definition

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.

Bid Borrowing means an extension of credit hereunder consisting of one or more Bid Loans made to the Borrower on the same day by one or more Lenders.

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 .

Examples of Bid Borrowing in a sentence

• The Administrative Agent shall promptly notify each Lender having submitted a Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the Bid Loan or Bid Loans to be made by it on the date of the applicable Bid Borrowing.

• After each Competitive Bid auction pursuant to this Section 2.03, the Administrative Agent shall notify each Lender that submitted a Competitive Bid in such auction of the ranges of bids submitted (without the bidder’s name) and accepted for each Bid Loan and the aggregate amount of each Bid Borrowing.

• Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on such Borrower.

• Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on the Borrower.

• The Agent shall in turn promptly notify each Lender of each request for a Competitive Bid Borrowing received by it from the Borrower by sending such Lender a copy of the related Notice of Competitive Bid Borrowing.

More Definitions of Bid Borrowing

Bid Borrowing means a Borrowing hereunder consisting of one or more Bid Loans made to the Revolving Borrower on the same day by one or more Lenders.

Bid Borrowing means any one of the foregoing.

Bid Borrowing means the incurrence by the Borrower on a single date of any one or more Bid Loans of a single Type and as to which a single Interest Period is in effect, in accordance with the provisions of SECTION 2.

Bid Borrowing means Bid Loans having the same Stated Maturity Date and made on the same Business Day by one or more Lenders pursuant to the same Bid Borrowing Request.

Bid Borrowing means a Borrowing hereunder consisting of one or more Bid Loans made to the Company on the same day by one or more Banks or Designate Bidders.

Bid Borrowing means a borrowing consisting of simultaneous Bid Advances of the same Type from each of the Lenders whose offer to make one or more Bid Advances as part of such borrowing has been accepted by the Domestic Borrower under the auction bidding procedure described in Section 2.03(a).

Bid Borrowing means each individual loan under the Bid Loan ------------- Facility.