Absolute Rate Bid definition

Absolute Rate Bid has the meaning set forth in Section 2.03(b).
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Absolute Rate Bid means a Competitive Bid to provide Competitive Advances on the basis of a fixed interest rate.
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Absolute Rate Bid as defined in Section 2.4(b).
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Examples of Absolute Rate Bid in a sentence

  • The following terms shall have the meanings set forth in this §l or elsewhere in the provisions of this Agreement referred to below: Absolute Rate Bid.

  • Bid Loan No. Interest Period offered Bid Maximum Absolute Rate Bid or Eurocurrency Margin Bid* Currency 1 days/mos $ (- +) % 2 days/mos $ (- +) % 3 days/mos $ (- +) % * Expressed in multiples of 1/100th of a basis point.

  • Not later than 12:30 p.m. (i) on the requested date of any Bid Borrowing that is to consist of Absolute Rate Bid Loans, and (ii) three Business Days prior to the requested date of any Bid Borrowing that is to consist of LIBOR Margin Bid Loans, Borrower shall notify Administrative Agent of its acceptance or rejection of the offers notified to it pursuant to Section 2.18.4. Borrower shall be under no obligation to accept any Competitive Bid and may choose to reject all Competitive Bids.

  • The Terezín Album of Mariánka Zadikow (Chicago: University of Chicago Press, 2008) An annotated, edited, facsimile edition, with historical introduction.

  • Through 𝑄𝐸, the SEB characteristics can be linked to the water balance:𝑃 + 𝐼 = 𝐸 + 𝑅 + 𝛥𝑆 (2)where each term is a depth of water per unit of time (e.g. mm d-1).

  • Bid Advances made under this Section 2.1(a)(ii) may be Absolute Rate Bid Advances or Fixed Rate Bid Advances, subject, however, to Section 2.4(j).

  • Borrower may request the submission of Competitive Bids by delivering a Bid Request to Administrative Agent not later than 1:00 p.m., (a) one Business Day prior to the requested date of any Bid Borrowing that is to consist of Absolute Rate Bid Loans, or (b) four Business Days prior to the requested date of any Bid Borrowing that is to consist of LIBOR Margin Bid Loans.

  • The practices evaluated herein were selected based on the popular choices of the Tennessee Department of Transportation (TDOT).

  • Borrower acknowledges that prepayment or acceleration of a LIBOR Advance, Fixed Rate Bid Advance or Absolute Rate Bid Advance during an Interest Period shall result in the Lenders incurring additional costs, expenses and/or liabilities and that it is extremely difficult and impractical to ascertain the extent of such costs, expenses and/or liabilities.

  • Any Competitive Bid not accepted by Borrower by 8:30 a.m., in the case of a Eurodollar Margin Bid, on the date which is three (3) Banking Days prior to the proposed Competitive Advance or, in the case of an Absolute Rate Bid, on the date of the proposed Competitive Bid, shall be deemed rejected.


More Definitions of Absolute Rate Bid

Absolute Rate Bid means a Competitive Bid to provide Competitive ----------------- Advances on the basis of a fixed interest rate.
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Absolute Rate Bid has the meaning set forth in Section 2.3(b).
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Absolute Rate Bid. II Equal to or greater than 0.75 to 1.00 but less than 1.25 to 1.00 A- or A3 III Equal to or greater than 1.25 to 1.00 but less than 1.75 to 1.00 BBB or Baa2 IV Equal to or greater than 1.75 to 1.00 but less than 2.25 to 1.00 BBB- or Baa3 V Equal to or greater than 2.25 to 1.00 but less than 2.75 to 1.00 BB+ or Ba1 VI Equal to or greater than 2.75 to 1.00 BB or Ba2 or below
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Absolute Rate Bid means the Absolute Rate specified with respect to a particular Bid Loan amount and a particular Interest Period in a Bid submitted in response to a Bid Loan Request.
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Related to Absolute Rate Bid

  • Absolute Rate has the meaning given that term in Section 2.2.(c)(ii)(C).

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • Absolute Rate Auction means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to Section 2.03.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Money Market Absolute Rate has the meaning set forth in Section 2.03(d).

  • 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 Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.

  • Competitive Bid Advance means an advance by a Lender to any 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 Margin has the meaning set forth in Section 2.03(d).

  • 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.

  • 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.

  • Bid Rate Quote means an offer in accordance with Section 2.2.(c) by a Lender to make a Bid Rate Loan with one single specified interest rate.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

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

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with the provisions of Section 2.2(b).

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • 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 Administrative Agent in accordance with Section 2.3.2.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.03.