Competitive Bid Loan Note definition

Competitive Bid Loan Note means a promissory note of a 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 Loan made by such Lender.
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Competitive Bid Loan Note means a promissory note of a 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 Loan made by such Lender.
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Competitive Bid Loan Note has the meaning specified in Section 2.02(b).
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Examples of Competitive Bid Loan Note in a sentence

  • This Competitive Bid Loan Note shall be governed by and construed in accordance with the laws of the State of New York.

  • If such Loan is a Competitive Bid Loan, a rate of interest for such Competitive Bid Loan specified by the Lender making such Competitive Bid Loan in its notice with respect thereto delivered pursuant to Section 3.02, payable on the interest payment date or dates specified by the Company for such Competitive Bid Loan in the related Notice of Competitive Bid Loan Borrowing delivered pursuant to Section 3.02 and as provided in the Competitive Bid Loan Note, if any, evidencing such Competitive Bid Loan.

  • Upon the request of any Lender to a Borrower made through the Administrative Agent, such Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Loan Note and/or a Competitive Bid Loan Note, as applicable, which shall evidence such Lender’s Loans to such Borrower in addition to such accounts or records.

  • Unless otherwise agreed by the relevant Lender in its sole discretion, no Borrower shall have the right to prepay any principal amount of any Competitive Bid Loan of such Lender except on the terms specified by the Company for such Competitive Bid Loan in the related Notice of Competitive Bid Loan Borrowing delivered pursuant to Section 3.02 and set forth in the Competitive Bid Loan Note, if any, evidencing such Competitive Bid Loan.

  • Upon the occurrence of any one or more of the Events of Default with respect to the undersigned specified in the Credit Agreement, all amounts then remaining unpaid on this Competitive Bid Loan Note shall become, or may be declared to be, immediately due and payable as provided therein.

  • A notation indicating all Competitive Bid Loans made by the Lender pursuant to the Credit Agreement and all payments on account of principal of such Competitive Bid Loans may, from time to time, be made by the holder hereof on the grid attached to this Competitive Bid Loan Note.

  • Interest payable under this Competitive Bid Loan Note shall be payable at the times specified in the Agreement.

  • This Competitive Bid Loan Note shall bear interest as set forth in the Agreement for Competitive Bid Loans.

  • No Competitive Bid Loan shall be made under this Competitive Bid Loan Note if, as a result of such Competitive Bid Loan, the total aggregate principal amount of Loans outstanding under the Agreement exceeds the Aggregate Commitment.

  • Exhibit A-1 (Form of Revolving Note), Exhibit A-2 (Form of Competitive Bid Loan Note) and Exhibit E (Compliance Certificate) to the Existing Credit Agreement are hereby amended in their entirety to read as respectively set forth on Exhibits A, B and C hereto.


More Definitions of Competitive Bid Loan Note

Competitive Bid Loan Note means a promissory note of a Borrower
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Competitive Bid Loan Note or “Competitive Bid Loan Notes” means the promissory notes of the Borrower, in the form of Exhibit 2.4(g), in favor of each Lender evidencing the Competitive Bid Loans, individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.
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Competitive Bid Loan Note means a promissory note of the Borrower registered in the name of any Lender, in substantially the form of Exhibit A-2, evidencing the aggregate Debt of the Borrower to such Lender resulting from the Competitive Bid Loans owing to such Lender.
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Related to Competitive Bid Loan Note

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

  • 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 Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the auction bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance, a LIBO Rate Advance or a Local Rate Advance, as the context may require.

  • 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 Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.