Examples of Competitive Bid Borrowings in a sentence
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.
The Borrower may make more than one Revolving Credit Borrowing or Competitive Bid Borrowing on the same day and may make Revolving Credit Borrowings and Competitive Bid Borrowings on the same day.
Competitive Bid Borrowings shall be paid pursuant to Section 2.4.
Each Lender severally agrees that any Borrower may make Competitive Bid Borrowings in Dollars 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 principal amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders.
This Section shall NOT apply to Competitive Bid Borrowings or Swingline Loans, which may not be converted or continued.
The Borrower may not request Competitive Bid Borrowings for more than three maturities nor request more than one type of Competitive Bid Loan in a single Competitive Bid Borrowing.
This Section shall not apply to Competitive Bid Borrowings, which may not be converted or continued beyond the Interest Period applicable thereto.
Each Lender severally agrees that Kraft Foods Global 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.
We hereby give notice pursuant to Section 2.03 of the Credit Agreement that we request Competitive Bid Quotes for the following proposed Competitive Bid Borrowing(s): Date of Borrowing: Principal Amount1 Interest Period2 $ Such Competitive Bid Quotes should offer a Competitive Bid [Margin] [Absolute Rate].
At no time shall the number of Competitive Bid Borrowings outstanding under this Section 2.7, together with all Eurodollar Borrowings exceed ten in any case.