Common use of Bid Request Clause in Contracts

Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 5-Year Commitment, acting severally and not jointly, to make Bid Advances by giving the Bid Agent notice by facsimile or electronic mail (effective upon receipt), substantially in the form of Exhibit 3.2 hereto (“Bid Request”) on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile or electronic mail transmission, send to all of the Syndication Parties eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the total amount of such requested Bid Advances, (b) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (c) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (d) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”) which must be Banking Days and which must not extend more than thirty (30) days beyond the 5-Year Maturity Date. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid Request), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 4 contracts

Samples: Credit Agreement (CHS Inc), Credit Agreement (CHS Inc), Credit Agreement (CHS Inc)

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Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 5-Year CommitmentCommitment in the Facility under which the offers are being requested, acting severally and not jointly, to make Bid Advances under such Facility by giving the Bid Agent notice by facsimile or electronic mail (effective upon receipt), substantially in the form of Exhibit 3.2 4.3 hereto (“Bid Request”"BID REQUEST") on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile or electronic mail transmission, send to all of the Syndication Parties eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the Facility under which the Bid Advances are being requested, (b) the total amount of such requested Bid Advances, (bc) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (cd) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (de) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”"BID MATURITY DATE") which must be Banking Days and which must not extend (i) more than thirty (30) days beyond the 5364-Day Maturity Date or (ii) more than thirty (30) days beyond the 3-Year Maturity Date, as applicable. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid RequestRequest for each of the two Facilities), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (Cenex Harvest States Cooperatives)

Bid Request. No more frequently than once each Banking Business Day, Borrower may request offers from all Syndication Parties Lenders which have an Individual 5-Year Commitment, acting severally and not jointly, to make Bid Advances by giving the Bid Agent notice by facsimile telecopier or electronic mail transmission (effective upon receipt), substantially in the form of Exhibit 3.2 hereto (“Bid Request”) on or before 9:00 10:00 A.M. (Central time) on the Banking Business Day the proposed Bid Rate Loan is to be made. By 9:30 10:30 A.M. (Central time) of the same Banking Business Day, the Bid Agent shall, by facsimile telecopier or electronic mail transmission, send to all of the Syndication Parties Lenders eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the total amount of such requested Bid Advances, (b) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (c) the proposed Banking Business Day of making such Bid Advance (which shall be the same Banking Business Day on which the Bid Request is submitted), and (d) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”) which must be Banking Business Days and which must not extend more than thirty (30) days beyond the 5-Year Maturity Date. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid Request), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 5-Year Commitment, acting severally and not jointly, to make Bid Advances by giving the Bid Agent notice by facsimile telecopier or electronic mail transmission (effective upon receipt), substantially in the form of Exhibit 3.2 hereto (“Bid Request”) on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile telecopier or electronic mail transmission, send to all of the Syndication Parties eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the total amount of such requested Bid Advances, (b) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (c) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (d) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”) which must be Banking Days and which must not extend more than thirty (30) days beyond the 5-Year Maturity Date. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid Request), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 5-Year CommitmentParties, acting severally and not jointly, to make Bid Advances by giving the Bid Agent notice by facsimile or electronic mail (effective upon receipt), substantially in the form of Exhibit 3.2 hereto (“Bid Request”) on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile or electronic mail transmission, send to all of the Syndication Parties eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the total amount of such requested Bid Advances, (b) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (c) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (d) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”) which must be Banking Days and which must not extend more than thirty (30) days beyond the 5364-Year Day Maturity Date. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid Request), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 5-Year CommitmentCommitment in the Facility under which the offers are being requested, acting severally and not jointly, to make Bid Advances under such Facility by giving the Bid Agent notice by facsimile or electronic mail (effective upon receipt), substantially in the form of Exhibit 3.2 4.3 hereto (“Bid Request”"BID REQUEST") on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile or electronic mail transmission, shall send to all of the Syndication Parties eligible to receive a Bid Request by facsimile transmission a copy of such Bid Request. Each Bid Request must specify (a) the Facility under which the offers are being requested, (b) the total amount of such requested Bid Advances, (bc) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (cd) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (de) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”"BID MATURITY DATE") which must be Banking Days and which must not extend more than thirty (30) days beyond the 364-Day Maturity Date or the 5-Year Maturity Date, as applicable. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) 5 Bid Rate Loans in a single Bid RequestRequest for each of the two Facilities), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (Cenex Harvest States Cooperatives)

Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 5-Year Commitment, acting severally and not jointly, to make Bid Advances by giving the Bid Agent notice by facsimile or electronic mail (effective upon receipt), substantially in the form of Exhibit 3.2 hereto (“Bid Request”) on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile or electronic mail transmission, send to all of the Syndication Parties eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the total amount of such requested Bid Advances, (b) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (c) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (d) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”) which must be Banking Days and which must not extend more than thirty (30) days beyond the 5-Year Maturity Date. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid Request), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

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Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 5-Year Commitment, acting severally and not jointly, to make Bid Advances by giving the Bid Agent notice by facsimile or electronic mail (effective upon receipt), substantially in the form of Exhibit 3.2 hereto (“Bid Request”) on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile or electronic mail transmission, send to all of the Syndication Parties eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the total amount of such requested Bid Advances, (b) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (c) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (d) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”) which must be Banking Days and which must not extend more than thirty (30) days beyond the 5-Year Maturity Date. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid Request), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 53-Year Commitment, acting severally and not jointly, to make Bid Advances by giving the Bid Agent notice by facsimile or electronic mail (effective upon receipt), substantially in the form of Exhibit 3.2 hereto (“Bid Request”) on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile or electronic mail transmission, send to all of the Syndication Parties eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the total amount of such requested Bid Advances, (b) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (c) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (d) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”) which must be Banking Days and which must not extend more than thirty (30) days beyond the 53-Year Maturity Date. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid Request), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

Bid Request. No more frequently than once each Banking Day, Borrower may request offers from all Syndication Parties which have an Individual 5-Year CommitmentCommitment in the Facility under which the offers are being requested, acting severally and not jointly, to make Bid Advances under such Facility by giving the Bid Agent notice by facsimile or electronic mail (effective upon receipt), substantially in the form of Exhibit 3.2 4.3 hereto (“Bid Request”) on or before 9:00 A.M. (Central time) on the Banking Day the proposed Bid Rate Loan is to be made. By 9:30 A.M. (Central time) of the same Banking Day, the Bid Agent shall, by facsimile or electronic mail transmission, send to all of the Syndication Parties eligible to receive a Bid Request a copy of such Bid Request. Each Bid Request must specify (a) the Facility under which the Bid Advances are being requested, (b) the total amount of such requested Bid Advances, (bc) the individual amount of each requested Bid Advance with a different proposed Bid Maturity Date, (cd) the proposed Banking Day of making such Bid Advance (which shall be the same Banking Day on which the Bid Request is submitted), and (de) the proposed maturity dates for such Bid Advances (each a “Bid Maturity Date”) which must be Banking Days and which must not extend (i) more than thirty (30) days beyond the 364-Day Maturity Date or (ii) more than thirty (30) days beyond the 5-Year Maturity Date, as applicable. Borrower may request offers to make more than one Bid Rate Loan (up to a maximum of five (5) Bid Rate Loans in a single Bid RequestRequest for each of the two Facilities), each with a different Bid Maturity Date, in a single Bid Request.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

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