Bid Rate Bid definition

Bid Rate Bid means an offer by a Lender to make a Bid Rate Loan pursuant to Section 2.07.
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Examples of Bid Rate Bid in a sentence

  • Each Bid Rate Bid by a Lender must be received by the Agent via telecopy, substantially in the form of Exhibit F attached hereto, not later than 12:00 noon (local time for the Agent) on the Business Day of the proposed Bid Rate Loan.

  • A Bid Rate Bid submitted by a Lender pursuant to this paragraph (b) shall be irrevocable (absent manifest error).

  • If any Syndicated Lender shall elect not to make a Bid Rate Bid, such Syndicated Lender shall so notify the Administrative Agent via telecopy by the time specified above for submitting a Bid Rate Bid; provided, however, that failure by any Syndicated Lender to give such notice shall not cause such Syndicated Lender to be obligated to make any Bid Rate Advance as part of such Bid Rate Loan.

  • Each Bid Rate Bid shall refer to this Agreement and specify (i) the principal amount (which may equal the entire principal amount of the Bid Rate Loan requested by Borrower) of the Bid Rate Advance or Advances that the Lender is willing to make to Borrower, (ii) the Bid Rate or Rates at which the Lender is prepared to make the Bid Rate Advance or Advances, and (iii) the Interest Period and the last day thereof.

  • If any Lender shall elect not to make a Bid Rate Bid, such Lender shall so notify the Agent via telecopy by the time specified above for submitting a Bid Rate Bid; provided, however, that -------- ------- failure by any Lender to give such notice shall not cause such Lender to be obligated to make any Bid Rate Advance as part of such Bid Rate Loan.

  • A Bid Rate Bid submit ted xx a Syndicated Lender pursuant to this paragraph (b) shall be irrevocable (absent manifest error).

  • The design professional shall be responsible to the District for acts, errors or omissions of his, her or its subcontractors.

  • Each Bid Rate Bid by a Syndicated Lender must be received by the Administrative Agent via telecopy, substantially in the form of Exhibit F attached hereto, not later than 10:00 A.M. (Atlanta, Georgia time) on the Business Day of the proposed Bid Rate Loan.

  • Most provisions of these final regulations clarify aspects of the excise tax imposed by section 4960, minimizing the burdens entities bear to comply with section 4960, and have little other economic impact.

  • Each Bid Rate Bid by a Syndicated Lender must be received by the Administrative Agent via telecopy, substan tially in the form of Exhibit F attached hereto, not later than 12:00 Noon (Atlanta, Georgia time) one Business Day prior to the Business Day of the proposed Bid Rate Loan.

Related to Bid Rate Bid

  • 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 Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • 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 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.

  • 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.

  • 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.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Bid Rate Note means a promissory note of the Borrower substantially in the form of Exhibit B, payable to a Lender.

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • Bid Rate Quote means an offer in accordance with Section 2.2.(c) by a Lender to make a Bid Rate Loan with one single specified interest rate.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Alternate Bid means multiple Bids with substantive variations from the same Bidder in response to a Solicitation.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Competitive Bid Quote Request means the notice, in substantially the form of Exhibit C hereto, to be delivered by the Company in accordance with Section 2.03 in requesting Competitive Bid Quotes.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Responsive Bid means a Bid that complies with each of the provisions of this RFB, or is either an alternative bid or a bid with an exception, if accepted by the Agency.

  • Absolute Rate Auction means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to Section 2.03.

  • Competitive Bid Accept/Reject Letter means a notification made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4.

  • Money Market Absolute Rate has the meaning set forth in Section 2.3(d).

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.