Common use of Competitive Bid Option Clause in Contracts

Competitive Bid Option. In addition to Advances pursuant to Section 2.1, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2(B) as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.2, request the Lenders, prior to the Revolving Loan Termination Date, to make offers to make Competitive Bid Advances to the Company in Dollars. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.2. The aggregate outstanding amount of Competitive Bid Advances shall reduce the available portion of each Lender's Revolving Loan Commitment ratably relative to such Lender's Pro Rata Revolving Share regardless of which Lender or Lenders make such Competitive Bid Advances.

Competitive Bid Option. In addition to Advances pursuant to Section 2.12.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2(B2.1(B) as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.22.1, request the Lenders, prior to the Revolving Loan Termination Date, to make offers to make Competitive Bid Advances to the Company in Dollars. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.22.1. The aggregate outstanding amount of Competitive Bid Advances shall reduce the available portion of each Lender's Revolving Loan Commitment ratably relative to in the proportion such Lender's Pro Rata Share of the Aggregate Revolving Share Loan Commitment regardless of which Lender or Lenders make such Competitive Bid Advances.

Competitive Bid Option. In addition to Advances pursuant to Section 2.1, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2(B) as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.2, request the Lenders, prior to the Revolving Loan Termination Date, to make offers to make Competitive Bid Advances to the Company in Dollars. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.2. The aggregate outstanding amount of Competitive Bid Advances shall reduce the available portion of each Lender's Tranche A Revolving Loan Commitment ratably relative to such Lender's Pro Rata Tranche A Revolving Share regardless of which Lender or Lenders make such Competitive Bid Advances.

Competitive Bid Option. In addition to Advances pursuant to Section 2.12.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.2(B2.1(B) as to the maximum aggregate principal amount of all outstanding Advances hereunder), the Company may, as set forth in this Section 2.22.1, request the Lenders, prior to the Revolving Loan earlier of the Conversion Date and the Termination Date, to make offers to make Competitive Bid Advances to the Company in Dollars. Each Lender may, but shall have no obligation to, make such offers and the Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.22.1. The aggregate outstanding amount of Competitive Bid Advances shall reduce the available portion of each Lender's Revolving Loan Commitment ratably relative to in the proportion such Lender's Pro Rata Share of the Aggregate Revolving Share Loan Commitment regardless of which Lender or Lenders make such Competitive Bid Advances.