Common use of Competitive Bid Loans Clause in Contracts

Competitive Bid Loans. Subject to the terms and conditions of this Agreement, the Borrower may, prior to the Maturity Date and pursuant to the procedures set forth in Section 2.04, request the Lenders to make offers to make Competitive Bid Loans, provided that, based upon the Equivalent Dollar Amount of all outstanding Revolving Loans, the aggregate principal amount of all outstanding Competitive Bid Loans (after giving effect to any amount requested and the use of proceeds thereof) shall not exceed the Commitment minus the sum of all outstanding Revolving Loans and Swingline Loans. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in Section 2.04.

Competitive Bid Loans. Subject to the terms and conditions of this Agreement, the Borrower may, prior to the Maturity Termination Date and pursuant to the procedures set forth in Section 2.042.4, request the Lenders to make offers to make Competitive Bid Loans; provided, provided that, based upon the Equivalent Dollar Amount of all outstanding Revolving Loans, that the aggregate principal amount of all outstanding Competitive Bid Loans (after giving effect to any amount requested and the use of proceeds thereof) shall not exceed the Aggregate Commitment minus less the sum of all outstanding Revolving Credit Loans, Swingline Loans and Swingline LoansL/C Obligations. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in Section 2.042.4.

Competitive Bid Loans. Subject to the terms and conditions of this Agreement, the Borrower may, prior to the Maturity Date and pursuant to the procedures set forth in Section 2.042.3, request the Lenders to make offers to make Competitive Bid Loans; provided, provided that, based upon the Equivalent Dollar Amount of all outstanding Revolving Loans, that the aggregate principal amount of all outstanding Competitive Bid Loans (after giving effect to any amount requested and the use of proceeds thereof) shall not exceed the Aggregate Commitment minus less the sum of all outstanding Revolving Credit Loans and Swingline LoansL/C Obligations. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in Section 2.042.3.

Competitive Bid Loans. Subject to the terms and conditions of this Agreement, the Borrower Company may, prior to the Maturity Revolving Credit Termination Date and pursuant to the procedures set forth in Section 2.042.2, request the Lenders to make offers to make Competitive Bid LoansLoans in Dollars to the Company; provided, provided that, based upon the Equivalent Dollar Amount of all outstanding Revolving Loans, that the aggregate principal amount of all outstanding Competitive Bid Loans (after giving effect to any amount requested and the use of proceeds thereof) shall not exceed the Aggregate Commitment minus less the sum of all outstanding Revolving Loans and Swingline Credit Loans. The Lenders may, but shall have no obligation to, make such offers and the Borrower Company may, but shall have no obligation to, accept any such offers in the manner set forth in Section 2.042.2. All Competitive Bid Loans shall be made in Dollars.

Competitive Bid Loans. Subject to the terms and conditions of this Agreement, the Borrower may, prior to the Maturity earlier of the Term-Out Effective Date and the Termination Date and pursuant to the procedures set forth in Section 2.042.3, request the Lenders to make offers to make Competitive Bid Loans; provided, provided that, based upon the Equivalent Dollar Amount of all outstanding Revolving Loans, that the aggregate principal amount of all outstanding Competitive Bid Loans (after giving effect to any amount requested and the use of proceeds thereof) shall not exceed the Aggregate Commitment minus less the sum amount of all outstanding Revolving Loans and Swingline Credit Loans. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in Section 2.042.3.

Competitive Bid Loans. Subject (a) Competitive Bid Option. In addition to ratable Advances pursuant to Section 2.5, but subject to the terms and conditions of this AgreementAgreement (including, without limitation the limitation set forth in Section 2.1(a) as to the maximum Allocated Facility Amount), the Borrower may, as set forth in this Section 2.16, but only during a Rating Period, request the Lenders, prior to the Maturity Date and pursuant to the procedures set forth in Section 2.04Date, request the Lenders to make offers to make Competitive Bid Loans, provided that, based upon Loans to the Equivalent Dollar Amount of all outstanding Revolving Loans, the aggregate principal amount of all outstanding Competitive Bid Loans (after giving effect to any amount requested and the use of proceeds thereof) shall not exceed the Commitment minus the sum of all outstanding Revolving Loans and Swingline LoansBorrower. The Lenders Each Lender may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.042.16. Competitive Bid Loans shall be evidenced by the Competitive Bid Notes.