Common use of Competitive Bid Loans Clause in Contracts

Competitive Bid Loans. Subject to the terms and conditions set forth herein, a Borrower may, from time to time, during the period from the Closing Date until the date occurring seven days prior to the Maturity Date, request and each Lender may, in its sole discretion, agree to make Competitive Bid Loans to such Borrower; provided, however, that (A) the Utilized Revolving Commitments of (I) DRI shall not exceed the DRI Sublimit, (II) VaPower shall not exceed the VaPower Sublimit, (III) Dominion Gas shall not exceed the DG Sublimit, (IV) Questar Gas shall not exceed the Questar Gas Sublimit, and (V) the Borrowers on any day shall not exceed the Revolving Loan Commitment and (B) if a Lender makes a Competitive Bid Loan, such Lender’s obligation to make its pro rata share of any Revolving Loan shall not be reduced thereby.

Competitive Bid Loans. Subject to the terms and conditions set forth herein, a Borrower may, from time to time, during the period from the Closing Date until the date occurring seven days prior to the Maturity Date, request and each Lender may, in its sole discretion, agree to make Competitive Bid Loans to such Borrower; provided, however, that (A) the Utilized Revolving Commitments of (Ii) DRI shall not exceed the DRI Sublimit, (IIii) VaPower shall not exceed the VaPower Sublimit, (IIIiii) Dominion Gas DG shall not exceed the DG Sublimit, (IV) Questar Gas shall not exceed the Questar Gas Sublimit, Sublimit and (Viv) the Borrowers on any day shall not exceed the Revolving Loan Commitment and (B) if a Lender makes a Competitive Bid Loan, such Lender’s obligation to make its pro rata share of any Revolving Loan shall not be reduced thereby.

Competitive Bid Loans. Subject to the terms and conditions set forth herein, a Borrower may, from time to time, during the period from the Closing Date until the date occurring seven days prior to the Maturity Date, request and each Lender may, in its sole discretion, agree to make Competitive Bid Loans to such Borrower; provided, however, that (A) the Utilized Revolving Commitments of (Ii) DRI shall not exceed the DRI Sublimit, (IIii) VaPower shall not exceed the VaPower Sublimit, (IIIiii) Dominion Gas shall not exceed the DG Sublimit, (IV) Questar Dominion Gas shall not exceed the Questar Gas Sublimit, Sublimit and (Viv) the Borrowers on any day shall not exceed the Revolving Loan Commitment and (B) if a Lender makes a Competitive Bid Loan, such Lender’s obligation to make its pro rata share of any Revolving Loan shall not be reduced thereby.