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 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 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 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.

  • 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.

  • If the Borrower notifies the Administrative Agent that a Competitive Bid Borrowing Request is cancelled pursuant to paragraph (d)(i) above, the Administrative Agent shall give prompt notice (by telephone or otherwise, to be promptly confirmed by telecopy or other writing) thereof to the Lenders and such Competitive Bid Borrowing shall not be made.

  • 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.

  • 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.

  • 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.

  • Failure to give any such notice shall be deemed to be a cancellation by the Company of such Competitive Bid Borrowing Request.

  • The Administrative Agent shall promptly notify (by telex or telecopy) each Lender of each Competitive Bid Borrowing Request received by it and the terms contained in such request.


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 2.03.

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

  • 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 under the bidding procedure described in Section 2.03.

  • 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.

  • 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 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 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.

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

  • 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;

  • 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 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.

  • 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 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.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • 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;

  • 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 A-4.