Competitive Bid Auction definition

Competitive Bid Auction means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Margins pursuant to Section 2.3.
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Competitive Bid Auction means an Absolute Rate Auction or a Eurodollar Auction.
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Competitive Bid Auction a solicitation by the Administrative Agent of Competitive Bid Quotes pursuant to Section 2.21.
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Examples of Competitive Bid Auction in a sentence

  • The pricing methodology to be used for selling the securities will be that of a Competitive Bid Auction.

  • Competitive Bid Advance - an Advance made pursuant to 3 hereof by a Bank pursuant to a Competitive Bid Auction.

  • The Rates of Interest are fixed for the duration of the 1st Tranche and the 2nd Tranche of the Bond as determined by a Competitive Bid Auction up to a maximum of 5.5%.

  • REGISTRATION OF OWNERSHIP AND SECONDARY MARKET ACTIVITYThe Bond will be issued on the primary market of the ECSM and listed on the secondary market of the ECSE utilizing a Competitive Bid Auction methodology.

  • Upon delivery of each Competitive Bid Request to the Administrative Agent, the Company shall pay to the Competitive Bid Auction Agent, as bid administrator, for its own account, a bid administration fee of $1,000, which fee shall be due and payable regardless of whether or not the Company cancels its request or accepts any offers from any Lender.

  • Competitive Bid Auction - a solicitation of Competitive Bids setting forth Competitive Bid Rates pursuant to 3.

  • Each Lender hereby irrevocably appoints and authorizes the Administrative Agent, the Syndication Agent, the Documentation Agent, the Technical Agents, the Competitive Bid Auction Agent and each Co-Agent to act as its agent hereunder with such powers as are specifically delegated to it by the terms of this Agreement or any Loan Document, together with such other powers as are reasonably incidental thereto.

  • The contract was a firm-fixed price contract in the amount of $1,830,000 for lobby renovations and security improvements to the John Weld Peck Federal Building in Cincinnati, Ohio.

  • A Competitive Bid Quote Request that does not conform substantially to the format of Exhibit E-1 hereto, or for which any Competitive Bid Auction Fee, if applicable, is not timely paid, shall be rejected, and Administrative Agent shall promptly notify Borrower of such rejection by telecopy.

  • In addition to such fees payable to the Administrative Agent, Xxxxxxxxx shall pay a fee of $1,500 for each Competitive Bid Auction run by the Administrative Agent, whether or not Xxxxxxxxx receives or accepts any Competitive Bid with respect to any such Competitive Bid Auction.


More Definitions of Competitive Bid Auction

Competitive Bid Auction means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Margins and/or Competitive Bid Fixed Rates pursuant to SECTION 2.3.
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Related to Competitive Bid Auction

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

  • 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;

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

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

  • 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 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.

  • 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 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 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.

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

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

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

  • 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.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • 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.

  • 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.

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.3.

  • Bid Request means a written request for one or more Bid Loans substantially in the form of Exhibit B-1.

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted under the bidding procedure described in Section 2.03.

  • 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.

  • Bid Borrowing means a borrowing consisting of simultaneous Bid Loans of the same Type from each of the Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.03.

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

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Borrower.

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