Competitive Bid Lender definition

Competitive Bid Lender means a Lender which has a Competitive Bid Loan outstanding.
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Competitive Bid Lender means, as to each Competitive Bid Loan, the Lender funding such Competitive Bid Loan.
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Competitive Bid Lender means any Lender who has made a Competitive Bid Loan for which there are Competitive Bid Outstandings.
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Examples of Competitive Bid Lender in a sentence

  • Notwithstanding the foregoing, in no event shall Borrower have the right to prepay a Competitive Bid Loan without the consent of the applicable Competitive Bid Lender.

  • Competitive Bid Loans shall not be prepaid prior to the end of the applicable Interest Period unless the Competitive Bid Lender consents.

  • Subject to the provisions of Section 2.3, Competitive Bid Loans shall bear interest for the benefit of the applicable Competitive Bid Lender in each case at the Competitive Bid Rate applicable thereto.

  • The principal amount of each Competitive Bid Loan shall be due and payable to the Agent for the benefit of the applicable Competitive Bid Lender in full at the end of the Interest Period with respect to such Competitive Bid Loan, or earlier as specifically provided herein.

  • Any voluntary prepayment of a LIBOR Rate Loan or a Competitive Bid Loan shall be in an amount to be agreed upon between Borrower and Administrative Agent, with respect to any LIBOR Rate Loan, or in such amount as was proposed by Borrower in the applicable Competitive Bid Quote Request pursuant to Section 2.4(b)(v) and agreed to by the applicable Competitive Bid Lender in its related Competitive Bid Quote, with respect to any Competitive Bid Loan.

  • Notwithstanding anything to the contrary contained herein, the Borrower shall not prepay the Competitive Loans except pursuant to Section 7 or with the consent of the Competitive Bid Lender which has made such Competitive Loan.

  • A Competitive Bid Lender has no obligation to notify any other Lender of the interest rates charged to Borrower.

  • Any Competitive Bid Loan shall not reduce the Commitment of the Competitive Bid Lender making such Competitive Bid Loan (except as the availability of other Advances is reduced by the increase in the Allocated Facility Amount due to such Competitive Bid Loan), and each such Competitive Bid Lender shall continue to be obligated to fund its full percentage of all pro rata Advances under the Facility up to such Lender's Commitment.

  • In the event the Borrower directs that the funds be made available at the Payment Office of the Administrative Agent, each relevant Competitive Bid Lender will make available the amount of such Borrowing in immediately available funds at the Payment Office of the Administrative Agent and the Administrative Agent will disburse the amount of such Borrowing as provided in Section 4.2(a) above.

  • In the event the Borrower directs that the funds be made available at the Payment Office of the Administrative Agent, each relevant Competitive Bid Lender will make available the amount of such Borrowing in immediately available funds at the Payment Office of the Administrative Agent and the Administrative Agent will disburse the amount of such Borrowing as provided in SECTION 3.2(a) above.


More Definitions of Competitive Bid Lender

Competitive Bid Lender means a Lender making a Competitive Bid Revolving Loan.
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Competitive Bid Lender means a Lender which has a Competitive Bid Loan outstanding. “Competitive Bid Loan” is a Loan made pursuant to Section 2.16 hereof.
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Competitive Bid Lender means a Lender or Designated Lender which has a Competitive Bid Loan outstanding. “Competitive Bid Loan” is a Loan made pursuant to S ection 2.15 hereof.
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Competitive Bid Lender means a Lender which has a Competitive Bid Loan ---------------------- outstanding. "Competitive Bid Loan" is a Loan made pursuant to Section 2.17 hereof. -------------------- ------------
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Related to Competitive Bid Lender

  • 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.

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

  • 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 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 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 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 Reduction has the meaning specified in Section 2.01.

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

  • 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.

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

  • 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.

  • 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.

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

  • 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.

  • 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.

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

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

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

  • 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.

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.