Common use of Absolute Rate Auction Clause in Contracts

Absolute Rate Auction. With respect to a request by the Borrower for a Bid Rate Advance, a solicitation in which the Borrower specifies in the Bid Rate Advance Borrowing Notice that the rates of interest to be offered by the Banks shall be absolute rates per annum.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Boston Properties Inc), Credit Agreement (Boston Properties LTD Partnership), Revolving Credit Agreement (Boston Properties Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.