Competitive Bid Borrowing Request definition

Competitive Bid Borrowing Request is defined in Section 2.22(e).
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Competitive Bid Borrowing Request a borrowing request in the form of Exhibit C.
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Competitive Bid Borrowing Request means the borrowing request provided for in Section 2.6(a) in the form of Exhibit C hereto.
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Examples of Competitive Bid Borrowing Request in a sentence

  • The Administrative Agent shall immediately advise the Lenders making the accepted offers of the contents of the Competitive Bid Borrowing Request.

  • The Administrative Agent shall promptly, but in any event on the same Business Day, notify each Lender of its receipt of a Competitive Bid Borrowing Request and the principal amounts of the Competitive Bid Loans allocated to each participating Lender.

  • The Borrower shall repay to the Administrative Agent for the account of each Participating Lender which has made a Competitive Bid Advance on the last day of the Interest Period for such Competitive Bid Advance (such Interest Period being that specified by the Borrower in the related Competitive Bid Borrowing Request delivered pursuant to Section 2.4(b) above) the then unpaid principal amount of such Competitive Bid Advance.

  • The Administrative Agent shall promptly notify (by telephone or otherwise, to be promptly confirmed by telecopy or other writing) each Lender of each Competitive Bid Borrowing Request received by it and the terms contained in such Competitive Bid Borrowing Request.

  • If the Company shall cancel or be deemed to cancel a Competitive Bid Borrowing Request pursuant to paragraph (d) above, the Competitive Bid Agent shall give prompt notice thereof to the Banks and the Competitive Bid Advances requested thereby shall not be made.

  • With respect to each borrowing of a Revolving Credit Loan, the Administrative Agent shall have received a Conventional Borrowing Request or a Competitive Bid Borrowing Request, as the case may be, duly executed by an Authorized Signatory of the Borrower.

  • The Company shall repay to the Operating Agent, at the Payment Office and otherwise in accordance with Section 2.14, for account of each Bank which shall have made a Competitive Bid Advance and on the date for the repayment thereof (as specified by the Company in the related Competitive Bid Borrowing Request delivered pursuant to paragraph (b) above) the principal amount of such Competitive Bid Advance.

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

  • With respect to any request for Loans or the issuance of a Letter of Credit, the Agent shall have received an R/C Borrowing Request, Competitive Bid Borrowing Request or L/C Issuance Request, as the case may be, duly executed by an Authorized Signatory of the Company, accompanied by, with respect to each request for a Letter of Credit, an Application for Letter of Credit.

  • With respect to each borrowing of a Revolving Credit Loan or a Swingline Loan, the Administrative Agent shall have received a Conventional Borrowing Request, a Competitive Bid Borrowing Request, or a Swingline Borrowing Request, as the case may be, duly executed by an Authorized Signatory of the Borrower.


More Definitions of Competitive Bid Borrowing Request

Competitive Bid Borrowing Request a borrowing request in the form of Exhibit C. "Competitive Bid Ceiling": $25,000,000.
Sample 1

Related to Competitive Bid Borrowing Request

  • 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 2.07.

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

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

  • Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.

  • 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.

  • 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.

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

  • Competitive Bid Quote Request means a Competitive Bid Quote Request substantially in the form of Exhibit "C" hereto completed and delivered by the Borrower to the Agent in accordance with Section 2.3.2.

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

  • 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 Note means a promissory note of any Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender to such Borrower.

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

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

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

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

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Competitive Bid Quote means a response submitted by a Lender to the Administrative Agent with respect to a Competitive Bid Quote Request in the form attached as Exhibit C-3.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

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

  • Borrowing Notice is defined in Section 2.8.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.