Bid Rate definition

Bid Rate as defined in Section 2.4(b).

Bid Rate as to any Bid made by a Lender pursuant to Section 2.4(b), the fixed rate of interest offered by such Lender with respect thereto as set forth in such Bid.

Bid Rate shall have the meaning set forth in Section 3.3.

Examples of Bid Rate in a sentence

• In the case of acceptance, such notice shall specify the aggregate principal amount of Bid Rate Quotes for each Interest Period that are accepted.

• Determinations by the Administrative Agent of the amounts of Bid Rate Loans shall be conclusive in the absence of manifest error.

• Any such subsequent Bid Rate Quote shall be disregarded by the Administrative Agent unless such subsequent Bid Rate Quote is submitted solely to correct a manifest error in such former Bid Rate Quote.

• Any Designated Lender which funds a Bid Rate Loan shall on and after the time of such funding become the obligee in respect of such Bid Rate Loan and be entitled to receive payment thereof when due.

• No Lender shall be relieved of its obligation to fund a Bid Rate Loan, and no Designated Lender shall assume such obligation, prior to the time the applicable Bid Rate Loan is funded.

More Definitions of Bid Rate

Bid Rate means an interest rate offered by a Bank in its sole discretion and in response to the Borrower's Loan Request for a Bid Rate Loan pursuant to Section 2.4, which interest rate shall include all applicable reserve and other adjustments when being advised by such Bank to Administrative Agent.

Bid Rate means the rate or rates of interest from time to time in effect pursuant to agreements reached between the Borrower and any or all of the Lenders pursuant to Section 2.2.

Bid Rate means the proposed Distribution Rate on the Preferred Securities or interest rate on Subordinated Notes specified in a Bid.

Bid Rate means, with respect to any Bid Rate Loan, the LIBOR Bid Rate or the Fixed Rate, as applicable, offered by the Bank making such Bid Rate Loan in its Bid Rate Quote.

Bid Rate means, with respect to any Bid, the Eurodollar Bid Margin or the Fixed Rate, as applicable, offered by the Bank making such Bid.

Bid Rate has the meaning given that term in Section 2.2.(c)(ii)(C).

Bid Rate means a rate of interest expressed in multiples of 1/100th of one percent.