Competitive Bid Loan Request definition

Competitive Bid Loan Request means a request by the Borrower for Competitive Bids substantially in the form of Exhibit 2.3(b).
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Competitive Bid Loan Request has the meaning given in Section 2.04(a).
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Competitive Bid Loan Request means each request by an Obligor for Banks to submit bids to make Competitive Bid Loans, which request shall contain the information in respect of such requested Competitive Bid Loans specified in Exhibit C-1 and shall be delivered to the Agent in writing, by facsimile transmission, or by telephone, immediately confirmed by facsimile transmission.
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Examples of Competitive Bid Loan Request in a sentence

  • No Competitive Bid Loan Request shall be given if such request could result in more than six Competitive Bid Loans being outstanding at any one time unless otherwise permitted by the Administrative Agent.

  • Promptly after receipt of a Competitive Bid Loan Quote Request, the Administrative Agent shall transmit to the Lenders by facsimile transmission notice of such Competitive Bid Loan Request, which notice shall constitute an invitation by the Parent to each Lender to submit Competitive Bid Loan Quotes offering to make Competitive Bid Loans in accordance with such Competitive Bid Loan Quote Request.

  • The Administrative Agent shall promptly transmit to the Lenders by telecopy notice of such Competitive Bid Loan Request, which notice shall constitute an invitation by the Borrower to each Lender to submit Competitive Bid Loan Quotes offering to make Competitive Bid Loans in accordance with such Competitive Bid Loan Quote Request.

  • The delivery of each Notice of Borrowing, each request for a Letter of Credit, each Swing Line Loan Request and each Competitive Bid Loan Request shall constitute a representation and warranty by the Borrower of the correctness of the matters specified in subsections (b), (c), and (d) above.

  • The delivery of each Notice of Borrowing, Notice of Swing Line Loan, Competitive Bid Loan Request or request for the issuance of a Letter of Credit shall constitute a representation and warranty by the Borrower of the correctness of the matters specified in subsections (b), (c) and (d) above.

  • The Borrower may solicit Competitive Bids by delivery of a Competitive Bid Loan Request to the Administrative Agent by 10:00 a.m. on a Business Day not less than (x) in the case of Fixed Rate Competitive Loans not made in a Foreign Currency, three Business Days and (y) in the case of Eurocurrency Competitive Loans and Fixed Rate Competitive Loans made in a Foreign Currency, five Business Days prior to the date of a requested Competitive Bid Loan.

  • The Borrower shall repay to the Agent for the account of each Lender which has made a Competitive Bid Loan the principal amount of such Competitive Bid Loan on the maturity date specified by the Borrower in its related Competitive Bid Loan Request.

  • The Agent shall notify each Bank promptly by facsimile transmission of the contents of each Competitive Bid Loan Request received by the Agent.

  • The Borrower may solicit Competitive ------------------------ Bids by delivery of a Competitive Bid Loan Request to the Administrative Agent by 10:00 a.m. on a Business Day not less than one nor more than four Business Days prior to the date of a requested Competitive Bid Loan.

  • The Administrative Agent shall promptly transmit to the Lenders by telecopy notice of such Competitive Bid Loan Request, which notice shall constitute an invitation by the Company (acting on behalf of the applicable Borrower) to each Lender to submit Competitive Bid Loan Quotes offering to make Competitive Bid Loans in accordance with such Competitive Bid Loan Quote Request.

Related to Competitive Bid Loan Request

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

  • 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 2.07.

  • 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.

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

  • 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 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 Quote Request means a Competitive Bid Quote Request substantially in the form of Exhibit "C" hereto completed and delivered by the Borrower to the Agent in accordance with Section 2.3.2.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.

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

  • Competitive Bid Quote means a response submitted by a Lender to the Administrative Agent with respect to a Competitive Bid Quote Request in the form attached as Exhibit C-3.

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Competitive Bid Accept/Reject Letter means a notification made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit D-4.

  • 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 by the Borrower under the bidding procedure described in Section 2.03.

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

  • Invitation for Competitive Bid Quotes means a written notice to the Lenders from the Administrative Agent with respect to a Competitive Bid Quote Request in the form attached as Exhibit C-2 hereto.

  • 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.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).