Competitive Loan definition

Competitive Loan means a Loan made pursuant to Section 2.04.
Competitive Loan means a Loan from a Lender to the Borrower pursuant to the bidding procedure described in Section 2.03. Each Competitive Loan shall be a Eurodollar Competitive Loan or a Fixed Rate Loan.
Competitive Loan means a loan made by a Lender in its discretion pursuant to the provisions of Section 2.2.

Examples of Competitive Loan in a sentence

  • Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.04.

  • Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.03.

  • The Administrative Agent shall promptly notify each bidding Lender by telecopy whether or not its Competitive Bid has been accepted (and, if so, the amount and Competitive Bid Rate so accepted), and each successful bidder will thereupon become bound, subject to the terms and conditions hereof, to make the Competitive Loan in respect of which its Competitive Bid has been accepted.

  • Notwithstanding the foregoing provisions of this Section, a Lender shall not be entitled to compensation pursuant to this Section in respect of any Competitive Loan if the Change in Law that would otherwise entitle it to such compensation shall have been publicly announced prior to submission of the Competitive Bid pursuant to which such Loan was made.

  • Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.


More Definitions of Competitive Loan

Competitive Loan means a loan from a Lender to a Borrower pursuant to the bidding procedure described in Section 2.03. Each Competitive Loan shall be a Eurocurrency Competitive Loan or a Fixed Rate Loan.
Competitive Loan each loan made pursuant to Section 2.7.
Competitive Loan means a Loan from a Revolving Lender to the Borrower or any Subsidiary Borrower pursuant to the bidding procedure described in Section 2.7. Each Competitive Loan shall be a LIBOR Competitive Loan or a Fixed Rate Competitive Loan.
Competitive Loan has the meaning specified in Section 2.03.
Competitive Loan a Loan made pursuant to Section 2.20.
Competitive Loan a Loan (which shall be a Eurodollar Rate Competitive Loan or a Fixed Rate Loan denominated in Dollars) made by a U.S. Lender pursuant to the bidding procedure described in subsection 2.3.
Competitive Loan means a loan made by a Lender in its discretion pursuant to the provisions of Section 2.3.