Competitive Bid Absolute Rate definition

Competitive Bid Absolute Rate has the meaning set forth in Section 2.03(d).
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Competitive Bid Absolute Rate has the meaning set forth in Section 2.03(d)(ii)(D).
Sample 1Sample 2Sample 3
Competitive Bid Absolute Rate has the meaning set forth in Section 2.03.
Sample 1Sample 2Sample 3

Examples of Competitive Bid Absolute Rate in a sentence

  • The unpaid principal amount of each Competitive Bid Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Competitive Bid Absolute Rate quoted by the Lender making such Loan.

  • Each Competitive Bid Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Competitive Bid Absolute Rate quoted by the Bank making such Loan in accordance with Section 2.03.

  • Each Competitive Bid Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Competitive Bid Absolute Rate quoted by the Lender making such Loan in accordance with Section 2.03.

  • The Administrative Agent shall promptly (and in any event within one (1) Business Day after such offers are accepted except with respect to Competitive Bid Absolute Rate Borrowings which shall be on the same day as such offers are accepted) notify the Borrower and each such Bank in writing of any such allocation of Competitive Bid Loans.

  • Each Competitive Bid Rate Loan subject to a Competitive Bid Absolute Rate shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a fixed rate per annum equal to the Competitive Bid Absolute Rate quoted by the Bank or Banks making such Loan in accordance with this Section.

  • The "TYPE" of a Loan refers (i) in the case of Committed Loans, to whether such Loan is a Base Rate Loan or a Eurodollar Loan and (ii) in the case of Competitive Bid Loan, to whether such Loan is a Competitive Bid Absolute Rate Loan or a Competitive Bid LIBOR Loan.

  • The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.3. The Competitive Bid Loans may be Competitive Bid Absolute Rate Loans or Competitive Bid LIBOR Loans (each a "type" of Competitive Bid Loan).

  • Each Competitive Bid Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Competitive Bid Absolute Rate quoted by the Lender making such Loan.

  • Whenever any payment of principal of, or interest on, Base Rate Loans or Competitive Bid Absolute Rate Loans or of fees shall be due on a day that is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day.

  • A Competitive Bid LIBOR Rate Advance or a ----------------------- Competitive Bid Absolute Rate Advance.


More Definitions of Competitive Bid Absolute Rate

Competitive Bid Absolute Rate. As defined in Section 2.13.4 hereof. Competitive Bid Rate Activation Date. As defined in Section 2.13.2 hereof with respect to any proposed Competitive Bid Rate Loan. Competitive Bid Rate Loan. A Competitive Bid Eurodollar Loan or an Absolute Rate Loan. Competitive Bid Eurodollar Loan. A Loan made by a Bank pursuant to a Eurodollar Auction. Competitive Bid Rate Margin. As defined in Section 2.13.4 hereof. Competitive Bid Rate Maximum Amount. The discretionary option of the Banks to loan, in their sole discretion, the sum, in the aggregate, of up to $425,000,000 to the Borrower pursuant to the terms hereof. Competitive Bid Rate Notes. Those certain promissory notes of the Borrower, each substantially in the form of Exhibit L attached hereto, to the order of each of the Banks evidencing the obligations of the Borrower to repay the Competitive Bid Rate Loans made to it by such Bank hereunder, any other promissory notes issued in connection with Competitive Bid Rate Loans, if any, made or to be made hereunder, and any extension, renewals or amendments to, or any replacements of, any of the foregoing. Competitive Bid Rate Quote. An offer by any Bank to make one or more Competitive Bid Rate Loans in accordance with Section 2.13.2 hereof. Consolidated or consolidated. With reference to any term defined herein, shall mean that term as applied to the accounts of the Borrower and the Consolidated Subsidiaries, consolidated in accordance with GAAP.
Sample 1
Competitive Bid Absolute Rate has the meaning set forth in Section 2.03(d). “Competitive Bid Absolute Rate Loan” means a loan made or to be made by a Bank pursuant to an Absolute Rate Auction. “Competitive Bid Lending Office” means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Competitive Bid Lending Office by notice to the Company and the Administrative Agent; provided that any Bank may from time to time by notice to the Company and the Administrative Agent designate separate Competitive Bid Lending Offices for its Competitive Bid LIBOR Loans, on the one hand, and its Competitive Bid Absolute Rate Loans, on the other hand, in which case all references herein to the Competitive Bid Lending Office of such 2
Sample 1
Competitive Bid Absolute Rate has the meaning set forth in Section 2.03(d). “Competitive Bid Absolute Rate Loan” means a loan made or to be made by a Bank pursuant to an Absolute Rate Auction. “Competitive Bid Lending Office” means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Competitive Bid Lending Office by notice to the Company and the Administrative Agent; provided that any Bank may from time to time by notice to the Company and the Administrative Agent designate separate Competitive Bid Lending Offices for its Competitive Bid LIBOR Loans, on the one hand, and its Competitive Bid Absolute Rate Loans, on the other hand, in which case all references herein to the Competitive Bid Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require. “Competitive Bid LIBOR Loan” means a loan made or to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)). 2
Sample 1

Related to Competitive Bid Absolute Rate

  • Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.

  • 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.

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

  • 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.

  • Competitive Bid Quote means a response submitted by a Lender to the Administrative Agent or the Borrower, as the case may be with respect to an Invitation for Competitive Bid Quotes in the form attached as Exhibit C-3.

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

  • Invitation for Competitive Bid Quotes means the notice substantially in the form of Exhibit C hereto to the Lenders in connection with the solicitation by the Borrower of Competitive Bid Quotes.