Competitive Bid Facility definition

Competitive Bid Facility means the facility described in Section 2.5 hereof providing for Competitive Bid Loans to the Borrower.
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Competitive Bid Facility means the facility established pursuant to Section 2.6.
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Competitive Bid Facility will mean the credit facility described in SECTION 2.2 below.
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Examples of Competitive Bid Facility in a sentence

  • The proceeds of the Loans made pursuant to the Revolving Credit Facility, the Competitive Bid Facility, the Swing Line and the Letters of Credit issued pursuant to the Letter of Credit Facility shall be used by the Company and its Subsidiaries to finance Permitted Acquisitions and for working capital and general corporate needs of the Company and its Subsidiaries.

  • Accrued interest on each Advance under the Competitive Bid Facility will be due and payable at the end of the applicable Interest Period; provided, however, that interest on each such Advance will be due and payable at least every ninety days.

  • The Competitive Bid Facility (B Advances)...................18 SECTION 2.04.

  • If the notification of a defect is justified and has been ascertained in time, the ordering party can exercise the aforementioned rights 7.2 GEZE will not accept any liability if the relevant assembly or installation guidelines have not been followed or the guidelines of suppliers ofproducts which are connected to our products are not followed.

  • If any Bank shall elect not to make a Competitive Bid, such Bank shall so notify the Agent via telex or telecopier not later than 10:30 A.M., Indianapolis, Indiana time, on the Banking Day of the making of the proposed Competitive Bid Advance; provided, however, that failure by any Bank to give such notice shall not cause such Bank to be obligated to make any Competitive Bid Advance as part of such Competitive Bid Facility.

  • The proceeds of the Loans made pursuant to the Revolving Credit Facility, the Competitive Bid Facility, the Swing Line and the Letters of Credit issued pursuant to the Letter of Credit Facility shall be used by the Borrower and its Subsidiaries to repay indebtedness, finance acquisitions and for working capital, capital expenditures and general corporate purposes of the Borrower and its Subsidiaries.

  • Bid Advances shall reduce the Aggregate Commitment, and at no time shall the sum of the aggregate outstanding principal balances of the Revolving Credit, the Swing Line and the Competitive Bid Facility exceed $174,500,000.00.

  • The Competitive Bid Facility.............................................

  • The proceeds of the Loans made pursuant to the Revolving Credit Facility, the Competitive Bid Facility and the Swing Line hereunder shall be used by the Borrower for working capital and general corporate needs of the Borrower and its Subsidiaries, including prepaying the Existing Credit Facility.

  • The aggregate principal amount at any one time outstanding under the Competitive Bid Facility shall not exceed $60,000,000.00, and in no event may the aggregate outstanding principal balances of the Competitive Bid Facility, the Revolving Credit and the Swing Line exceed $150,000,000.00.


More Definitions of Competitive Bid Facility

Competitive Bid Facility means the competitive bid facility established pursuant to Article II hereof.
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Competitive Bid Facility means, at any time, the availability of Competitive Bid Advances to the Borrower pursuant to Section 2.02.
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Competitive Bid Facility means the facility established pursuant to Section 2.3.
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Competitive Bid Facility means the facility described in Section 2.02 hereof providing for Competitive Bid Loans to Greenfield;
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Related to Competitive Bid Facility

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

  • 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 means an offer by a Lender to make a Competitive Loan 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 Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • 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 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 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 Reduction has the meaning specified in Section 2.01.

  • 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;

  • 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.

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

  • 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.

  • 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.

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

  • 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.

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

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

  • Prospective bidder means anyone likely or desirous to be a bidder.

  • 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 Loan means a Loan made pursuant to Section 2.04.

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

  • Competitive Loan Exposure means, with respect to any Lender at any time, the aggregate principal amount of the outstanding Competitive Loans of such Lender.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.