Competitive Bid Borrowing definition

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 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 by the Borrower under the auction bidding procedure described in Section 2.03.

Competitive Bid Borrowing means a Borrowing of Competitive Bid Loans pursuant to Section 1.04.

Examples of Competitive Bid Borrowing in a sentence

• Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on such Borrower.

• Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on the Borrower.

• The Agent shall in turn promptly notify each Lender of each request for a Competitive Bid Borrowing received by it from the Borrower by sending such Lender a copy of the related Notice of Competitive Bid Borrowing.

• In the case of acceptance, such notice (a "Competitive Bid Borrowing Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted.

• Each Lender severally agrees that any Borrower may make Competitive Bid Borrowings under this Section 2.07 from time to time on any Business Day during the period from the Effective Date until the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders.

More Definitions of Competitive Bid Borrowing

Competitive Bid Borrowing has the meaning assigned to such term in Section 2.5(b) hereof.

Competitive Bid Borrowing has the meaning set forth in Section 1.03.

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 by the Borrower under the competitive bidding procedure described in Section 2.01(b).

Competitive Bid Borrowing means each borrowing of any Competitive Bid Loan.

Competitive Bid Borrowing shall have the meaning set forth in Section 2.03(b) hereof.

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

Competitive Bid Borrowing means a borrowing consisting of one or more Competitive Bid Loans made pursuant to section 2.3.