Bid Rate Notes Clause Samples
The 'Bid Rate Notes' clause defines the terms and conditions under which notes are issued with interest rates determined through a bidding process. In practice, investors submit bids specifying the interest rate they are willing to accept, and the issuer allocates the notes based on these bids, often starting with the lowest rates. This clause ensures a transparent and competitive process for setting interest rates, helping issuers obtain favorable borrowing costs while allowing investors to participate according to their risk and return preferences.
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Bid Rate Notes. The Bid Rate Loans made by any Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit L (each a “Bid Rate Note”), payable to the order of such Lender and otherwise duly completed.
Bid Rate Notes. Collectively, the separate promissory notes of the Borrower in favor of each Bank that has requested a promissory note pursuant to §2.9 evidencing Bid Rate Loans made by such Bank, substantially in the form of Exhibit D-1, dated as of the date such Bid Rate Loans are made, and completed with appropriate insertions, as each of such notes may be amended and/or restated from time to time in accordance with the terms of this Agreement.
Bid Rate Notes. The Bid Rate Loans made by each Lender shall be evidenced by a single promissory note of the Company in substantially the form of Exhibit A-2, dated as of the Effective Date or such later date that a Lender becomes a party hereto, payable to such Lender and otherwise duly completed. The date, amount, Type, interest rate and maturity date of each Bid Rate Loan made by each Lender, and all payments made on account of the principal thereof, shall be recorded by such Lender on its books and, prior to any transfer of the Bid Rate Note held by it, endorsed by such Lender on the schedule attached to such Note or any continuation thereof; provided that the failure of a Lender to make any notation shall not affect the Company's obligations in respect of such Loan.
Bid Rate Notes. The promissory notes substantially in the form of Exhibit D-1 hereto which evidence the Bid Rate Loans. BOA. See the preamble hereto. Borrower. See the preamble hereto.
Bid Rate Notes. Receipt by the Agent for redelivery to the Banks of fully executed Bid Rate Notes made payable to each Bank.
Bid Rate Notes. The promissory notes substantially in the form of Exhibit D-1 hereto which evidence the Bid Rate Loans. Borrower. See the preamble hereto. Borrower Information. See §8.10(c). BP Group. Collectively, (i) BPLP, (ii) BPI, (iii) the respective Subsidiaries of BPLP and BPI and (iv) the Partially-Owned Entities. BPI. Boston Properties, Inc., a Delaware corporation and the sole general partner of the Borrower.