Bid Rate Loans definition

Bid Rate Loans means Loans made by Lenders to Company pursuant to subsection 2.9.

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Bid Rate Loans has the meaning specified in Section 2.01(c).

Bid Rate Loans. With respect to Bid Rate Loans: (A) The Company shall give the Administrative Agent a request (which shall be irrevocable) for Bid Rate Loans no later than 10:00 a.m. (New York time) on the Business Day prior to the requested date for the making of the requested Bid Rate Loans. (B) Each such request shall be submitted in the form of Schedule 2.02

Examples of Bid Rate Loans in a sentence

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

• The Designated Lender, subject to the terms and conditions hereof, hereby agrees to make such accepted Bid Rate Loans and to perform such other obligations as may be required of it as a Designated Lender under the Credit Agreement.

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

• The Borrower may request offers to make Bid Rate Loans for up to 3 different Interest Periods in any one Bid Rate Quote Request; provided that if granted each separate Interest Period shall be deemed to be a separate borrowing (a “Bid Rate Borrowing”).

• The Credit Agreement provides for the acceleration of the maturity of this Note upon the occurrence of certain events and for prepayments of Bid Rate Loans upon the terms and conditions specified therein.

• If the Borrower is required to pay any outstanding LIBOR Loans or Bid Rate Loans by reason of this Section prior to the end of the applicable Interest Period therefor, the Borrower shall pay all amounts due under Section 4.4.

• Borrower may request offers to make Bid Rate Loans for more than one (1) Interest Period in a single Bid Rate Quote Request.

• Additional restrictions on the amounts and timing of, and conditions to the making of, advances of Bid Rate Loans are set forth in Section 2.02.

• Subject to the terms and conditions of this Agreement, the Designating Lender hereby designates the Designated Lender, and the Designated Lender hereby accepts such designation, to have a right to make Bid Rate Loans on behalf of the Designating Lender pursuant to Section 2.2. of the Credit Agreement.

• Interest on Base Rate Loans, LIBOR Loans and Bid Rate Loans shall not exceed the maximum amount permitted under applicable law.

More Definitions of Bid Rate Loans

Bid Rate Loans means one or more of the Fixed Rate Bid Loans or the Reference Rate Bid Loans made under the auction bidding procedure described in subsection 2.2, or a combination thereof.

Bid Rate Loans. Loans (or any portion thereof) at such time as they (or such portions) are made or are being maintained pursuant to paragraph 2.3(b).

Bid Rate Loans shall have the meaning set forth in Section 2.1(b) -------------- -------------- below."

Bid Rate Loans. Interest at a fixed rate shall be determined pursuant to a competitive bid Facility. Fixed rate maturities of 1-180 days may be requested.