Competitive Bid Reduction definition

Competitive Bid Reduction has the meaning specified in Section 2.01.

Competitive Bid Reduction has the meaning specified in Section 2.01(a).

Competitive Bid Reduction shall have the meaning given such term in Section 2.01(a).

Examples of Competitive Bid Reduction in a sentence

• Promptly after each Competitive Bid Borrowing, the Administrative Agent will notify each Lender of the amount of the Competitive Bid Borrowing, the consequent Competitive Bid Reduction and the dates upon which such Competitive Bid Reduction commenced and will terminate.

• The Borrower shall, on each Business Day, prepay an aggregate principal amount of the Advances equal to the amount by which (A) the aggregate principal amount of the Advances then outstanding exceeds (B) the aggregate of the Commitments (after giving effect to any Competitive Bid Reduction) on such Business Day.

• Promptly after each Competitive Bid Borrowing the Administrative Agent will notify each Lender of the amount of the Competitive Bid Borrowing, the consequent Competitive Bid Reduction and the dates upon which such Competitive Bid Reduction commenced and will terminate.

• Promptly after each Competitive Bid Borrowing the Agent will notify each Lender of the amount of the Competitive Bid Borrowing, the consequent Competitive Bid Reduction and the dates upon which such Competitive Bid Reduction commenced and will terminate.

• Promptly after each Competitive Bid Borrowing, JPMorgan Chase, as Administrative Agent, will notify each Lender of the amount of the Competitive Bid Borrowing, the consequent Competitive Bid Reduction and the dates upon which such Competitive Bid Reduction commenced and will terminate.

More Definitions of Competitive Bid Reduction

Competitive Bid Reduction means, at any time, the deemed use of each Lender’s Tranche A Commitment in an amount equal to such Lender’s Pro Rata Share of all outstanding Competitive Bid Advances at such time.

Competitive Bid Reduction means, at any time, the deemed use of each Lender's Commitment in an amount equal to such Lender's Pro Rata Share of all outstanding Competitive Bid Advances at such time.

Competitive Bid Reduction shall have the meaning provided in section 2.1.

Competitive Bid Reduction has the meaning specified in Section ------------------------- 2.01(a)(ii).

Competitive Bid Reduction means the reduction in the aggregate Commitments resulting from the aggregate outstanding principal amount of all Competitive Bid Advances as provided in clause (b)(iii) of the definition of “Unused Commitment.”

Competitive Bid Reduction as to any Lender on any date, an amount equal to such Lender's Commitment Percentage of the aggregate principal amount of all Competitive Bid Loans outstanding on such date (after giving effect to the payment of any Competitive Bid Loans to be paid on such date).

Competitive Bid Reduction shall have the meaning provided in section