Competitive Bid Sublimit definition

Competitive Bid Sublimit means, at any time, an amount equal to fifty percent (50%) of the Aggregate Revolving Credit Commitment, as such Aggregate Revolving Credit Commitment may increase or decrease from time to time hereunder.
Sample 1Sample 2Sample 3
Competitive Bid Sublimit means, at any time, an amount equal to fifty percent (50%) of the Aggregate Commitment, as such Aggregate Commitment may increase or decrease from time to time hereunder. "Consolidated Net Income" means, with reference to any period, the net income (or loss) of the Company and its Subsidiaries calculated on a consolidated basis for such period in accordance with Agreement Accounting Principles. "Consolidated Net Worth" means at any time the consolidated stockholders' equity of the Company and its Subsidiaries calculated on a consolidated basis as of such time in accordance with Agreement Accounting Principles.
Sample 1
Competitive Bid Sublimit means the lesser of (a) $100,000,000 and (b) the Aggregate Commitment. The Competitive Bid Sublimit is part of, and not in addition to, the Aggregate Commitment.
Sample 1

Examples of Competitive Bid Sublimit in a sentence

  • A Competitive Bid Note shall be payable to the order of each Lender in a principal amount equal to the Competitive Bid Sublimit or, if less, the outstanding amount of all Competitive Bid Loans made by such Lender to the Borrower hereunder, as set forth in Section 2.3 hereof, PLUS interest accrued thereon, as set forth below.

  • One Competitive Bid Note shall be payable to the order of each Lender in a principal amount equal to the Competitive Bid Sublimit and representing the obligation of the Co-Borrowers to pay to such Lender the aggregate unpaid principal amount of all Competitive Bid Loans made by such Lender hereunder, as set forth in ss.

Related to Competitive Bid Sublimit

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

  • 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 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.

  • 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.

  • Competitive Bid Note means a promissory note of any Borrower payable to any Lender (or its registered assigns), 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 means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • 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 Bid Quote Request means the notice, in substantially the form of Exhibit B hereto, to be delivered by the Borrower 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.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.