Bid Loan Borrowing definition

Bid Loan Borrowing is defined in Section 2.2(a).

Bid Loan Borrowing means a borrowing consisting of simultaneous Bid Loans from each of the Banks whose offer to make a Bid Loan as part of such borrowing has been accepted by the Company under the auction procedure described in Section 4.

Bid Loan Borrowing means a borrowing consisting of a Bid Loan or concurrent Bid Loans having the same Funding Period.

Examples of Bid Loan Borrowing in a sentence

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

• The Company agrees to pay to the Administrative Agent for its own account a fee in the amount of $3,500 for each request made by the Company for a Competitive Bid Loan Borrowing pursuant to Section 3.02.

• If such Loan is a Competitive Bid Loan, a rate of interest for such Competitive Bid Loan specified by the Lender making such Competitive Bid Loan in its notice with respect thereto delivered pursuant to Section 3.02, payable on the interest payment date or dates specified by the Company for such Competitive Bid Loan in the related Notice of Competitive Bid Loan Borrowing delivered pursuant to Section 3.02 and as provided in the Competitive Bid Loan Note, if any, evidencing such Competitive Bid Loan.

• Unless otherwise agreed by the relevant Lender in its sole discretion, no Borrower shall have the right to prepay any principal amount of any Competitive Bid Loan of such Lender except on the terms specified by the Company for such Competitive Bid Loan in the related Notice of Competitive Bid Loan Borrowing delivered pursuant to Section 3.02 and set forth in the Competitive Bid Loan Note, if any, evidencing such Competitive Bid Loan.

• Each Bank whose Bid or portion thereof is accepted shall remit the principal amount of its Bid Loan to the Agent by 12:00 Noon on the Bid Loan Borrowing Date.

More Definitions of Bid Loan Borrowing

Bid Loan Borrowing. Date shall mean, with respect to any Bid Loan, the date for the making thereof, which shall be a Business Day. Bid Loan Euro-Rate Option shall mean the option of the Borrower to request that the Banks submit Bids to make Bid Loans bearing interest at a rate per annum quoted by such Banks at the Euro-Rate in effect two Business Days before the Borrowing Date of such Bid Loan plus the Euro-Rate Bid Loan Spread.

Bid Loan Borrowing has the meaning assigned to such term in Section 2.1(b)(i).

Bid Loan Borrowing. DATE shall mean, with respect to any Bid Loan, the date for the making thereof which shall be a Business Day. BID LOAN EURO-RATE RATE OPTION shall mean the option of the Borrower to request that the Banks submit Bids to make Bid Loans bearing interest at a rate per annum quoted by such Banks at the Euro-Rate in effect two Business Days before the Borrowing Date of such Bid Loan plus a Euro-Rate Bid Loan Spread. BID LOAN FIXED RATE OPTION shall mean the option of the Borrower to request that the Banks submit Bids to make Bid Loans bearing interest at a fixed rate per annum quoted by such Banks as a numerical percentage (and not as a spread over another rate such as the Euro-Rate). BID LOAN INTEREST PERIOD shall have the meaning assigned to such term in Section 2.9.1. BID LOAN LENDERS shall have the meaning assigned to such term in Section 8.3. BID LOAN PROCESSING FEE shall have the meaning assigned to such term in Section 9.15.

Bid Loan Borrowing. DATE shall mean, with respect to any Bid Loan, the date for the making thereof which shall be a Business Day. BID LOAN EURO-RATE RATE OPTION shall mean the option of the Borrower to request that the Banks submit Bids to make Bid Loans bearing interest at a rate per annum quoted by such Banks at the Euro-Rate in effect two Business Days before the Borrowing Date of such Bid Loan plus a Euro-Rate Bid Loan Spread.

Bid Loan Borrowing. Date shall mean, with respect to any Bid Loan, the date for the making thereof which shall be a Business Day. Bid Loan Euro-Rate Option shall mean the option of the Borrowers to request that the Lenders submit Bids to make Bid Loans bearing interest at a rate per annum quoted by such Lenders at the Euro-Rate in effect two Business Days before the Borrowing Date of such Bid Loan plus a Euro-Rate Bid Loan Spread. Bid Loan Fixed Rate Option shall mean the option of the Borrowers to request that the Lenders submit Bids to make Bid Loans bearing interest at a fixed rate per annum quoted by such Lenders as a numerical percentage (and not as a spread over the Euro-Rate). Bid Loan Period shall have the meaning assigned to such term in Section 3.01.

Bid Loan Borrowing. Date shall mean, with respect to any Bid Loan, the date for the making thereof which shall be a Business Day.

Bid Loan Borrowing. Date shall mean, with respect to any Bid Loan, the date for the making thereof which shall be a Business Day. Bid Loan Euro-Rate Option shall mean the option of the Borrower to request that the Banks submit Bids to make Bid Loans bearing interest at a rate per annum quoted by such Banks at the Euro-Rate in effect two (2) Business Days before the Borrowing Date of such Bid Loan plus a Euro-Rate Bid Loan Spread. Bid Loan Fixed Rate Option shall mean the option of the Borrower to request that the Banks submit Bids to make Bid Loans bearing interest at a fixed rate per annum quoted by such Banks as a numerical percentage (and not as a spread over another rate such as the Euro-Rate). Bid Loan Individual Bank Sublimit shall have the meaning assigned to such term in Section 2.9.1. Bid Loan Interest Period shall have the meaning assigned to such term in Section 2.9.1. Bid Loan Processing Fee shall have the meaning assigned to that term in Section 9.15.