Common use of Competitive Bid Quote Request Clause in Contracts

Competitive Bid Quote Request. When the Borrower wishes to request offers to make Competitive Bid Loans under this §2.3, it shall transmit to the Administrative Agent a Competitive Bid Quote Request substantially in the form of Exhibit B attached hereto (a “Competitive Bid Quote Request”) so as to be received, in the case of a request for a Eurocurrency Rate Competitive Bid Loan, no later than 1:00 p.m. (New York time) on the fourth Business Day prior to the requested Drawdown Date and, in the case of a request for an Absolute Rate Competitive Bid Loan, no later than 1:00 p.m. (New York time) on the second Business Day prior to the requested Drawdown Date, specifying (i) the requested Drawdown Date (which must be a Business Day), (ii) the principal amount of such Competitive Bid Loan (which must be a minimum of $10,000,000 or any greater integral multiple of $5,000,000 and may not exceed the lesser of (A) the Total Commitment and (B) the Competitive Bid Sublimit), (iii) the Type of such Competitive Bid Loan and (iv) the Interest Period of such Competitive Bid Loan, subject to the provisions of the definition of Interest Period. A Competitive Bid fee of $750 shall be payable by the Borrower to the Administrative Agent with respect to each Competitive Bid Quote Request on the last day of the calendar quarter in which such Competitive Bid Quote Request was made. The Borrower may request offers to make Competitive Bid Loans for one amount and Type and three Interest Periods in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until the Borrower has notified the Administrative Agent of its acceptance or non-acceptance of the Competitive Bid Quotes relating to any outstanding Competitive Bid Quote Request.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Staples Inc), Revolving Credit Agreement (Staples Inc)

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Competitive Bid Quote Request. When the Borrower Company wishes to request offers to make Competitive Bid Loans under this §2.32.5, it shall transmit to the Administrative Agent by telephone, telex, cable or facsimile (in each case confirmed in writing by the Company) a Competitive Bid Quote Request substantially in the form of Exhibit B attached B-2 hereto (a "Competitive Bid Quote Request") so as to be received, in the case of a request for a Eurocurrency Rate Competitive Bid Loan, received no later than 1:00 p.m. 11:00 a.m. (New York Boston time) on the fourth Business Day prior to the requested Drawdown Date and, in the case of a request for an Absolute Rate Competitive Bid Loan, no later than 1:00 p.m. (New York time) on the second first Business Day prior to the requested Drawdown Date, specifying (i) the requested Drawdown Date (which must be a Business Day), (ii) and the principal amount of such Competitive Bid Loan (which must be a minimum of $10,000,000 5,000,000 or any greater integral multiple of $5,000,000 1,000,000 and may not exceed the lesser of (A) the Total Commitment and (B) the Competitive Bid Sublimit), (iii) Maximum Availability in effect from time to time during the Type Interest Period of such Competitive Bid Loan Loan), and (ivii) the Interest Period of such Competitive Bid Loan, subject to the provisions of the definition of Interest Period. A , and be accompanied by a Competitive Bid fee of $750 shall be payable by the Borrower to the Administrative Agent with respect to each Competitive Bid Quote Request on the last day of the calendar quarter in which such Competitive Bid Quote Request was madeRequest. The Borrower Company may request offers to make Competitive Bid Loans for no more than one (1) amount and Type and three (3) Interest Periods in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until the Borrower Company has notified the Administrative Agent of its acceptance or non-acceptance of the Competitive Bid Quotes relating to any outstanding Competitive Bid Quote Request.

Appears in 2 contracts

Samples: Credit Agreement (Hasbro Inc), Revolving Credit Agreement (Hasbro Inc)

Competitive Bid Quote Request. When the Borrower Company wishes to request offers to make Competitive Bid Loans under this §2.32.5, it shall transmit to the Administrative Agent by telephone, telex, cable or facsimile (in each case confirmed in writing by the Company) a Competitive Bid Quote Request substantially in the form of Exhibit B attached B-2 hereto (a "Competitive Bid Quote Request") so as to be received, in the case of a request for a Eurocurrency Rate Competitive Bid Loan, received no later than 1:00 p.m. 11:00 a.m. (New York Boston time) on the fourth Business Day prior to the requested Drawdown Date and, in the case of a request for an Absolute Rate Competitive Bid Loan, no later than 1:00 p.m. (New York time) on the second first Business Day prior to the requested Drawdown Date, specifying (i) the requested Drawdown Date (which must be a Business Day), (ii) and the principal amount of such Competitive Bid Loan (which must be a minimum of $10,000,000 5,000,000 or any greater integral multiple of $5,000,000 1,000,000 and may not exceed the lesser of (A) the Total Commitment Commitment, and (B) the Competitive Bid Sublimit), (iii) the Type of such Competitive Bid Loan and (ivii) the Interest Period of such Competitive Bid Loan, subject to the provisions of the definition of Interest Period. A , and be accompanied by a Competitive Bid fee of $750 shall be payable by the Borrower to the Administrative Agent with respect to each Competitive Bid Quote Request on the last day of the calendar quarter in which such Competitive Bid Quote Request was madeRequest. The Borrower Company may request offers to make Competitive Bid Loans for no more than one (1) amount and Type and three (3) Interest Periods in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until the Borrower Company has notified the Administrative Agent of its acceptance or non-acceptance of the Competitive Bid Quotes relating to any outstanding Competitive Bid Quote Request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hasbro Inc)

Competitive Bid Quote Request. When the Borrower Company or, solely in the case of Hasbro SA Loans, Hasbro SA wishes to request offers to make Competitive Bid Loans under this §2.3section 2.5, it shall transmit to the Administrative Agent by telephone, telex, cable or facsimile (in each case confirmed in writing by the Company or, solely in the case of Hasbro SA Loans, Hasbro SA) a Competitive Bid Quote Request substantially in the form of Exhibit B attached B-2 hereto (a "Competitive Bid Quote Request") so as to be received, received no later than 11:00 a.m. (Boston time) on the first Business Day (except in the case of a Hasbro SA Loans, which request for a Eurocurrency Rate Competitive Bid Loan, no shall be received not later than 1:00 p.m. (New York time) on the fourth Business Day prior to the requested Drawdown Date and, in the case of a request for an Absolute Rate Competitive Bid Loan, no later than 1:00 p.m. (New York time) on the second Business Day Day) prior to the requested Drawdown Date, specifying (i) the requested Drawdown Date (which must be a Business Day), (ii) and the principal amount of such Competitive Bid Loan (which must be a minimum of $10,000,000 5,000,000 or any greater integral multiple of $5,000,000 1,000,000 and may not exceed the lesser of (A) the Total Commitment Commitment, and (B) the Competitive Bid Sublimit), (iii) the Type of such Competitive Bid Loan and (ivii) the Interest Period of such Competitive Bid Loan, subject to the provisions of the definition of Interest Period. A , and be accompanied by a Competitive Bid fee of $750 shall be payable by the Borrower to the Administrative Agent with respect to each Competitive Bid Quote Request on the last day of the calendar quarter in which such Competitive Bid Quote Request was madeRequest. The Borrower Company or, solely in the case of Hasbro SA Loans, Hasbro SA may request offers to make Competitive Bid Loans for no more than one (1) amount and Type and three (3) Interest Periods in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until the Borrower Company or, solely in the case of Hasbro SA Loans, Hasbro SA has notified the Administrative Agent of its acceptance or non-acceptance of the Competitive Bid Quotes relating to any outstanding Competitive Bid Quote Request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hasbro Inc)

Competitive Bid Quote Request. When the Borrower wishes to request offers to make Competitive Bid Loans under this §2.3Section 2.16, it shall transmit to the Administrative Agent by telecopy a Competitive Bid Quote Request substantially in the form of Exhibit B attached C-1 hereto (a “Competitive Bid Quote Request”) so as to be receivedreceived no later than (i) 10:00 a.m. (Chicago time) at least five Business Days prior to the Borrowing Date proposed therein, in the case of a request for a Eurocurrency Rate Competitive Bid LoanLIBOR Margin, no later than 1:00 p.m. or (New York ii) 9:00 a.m. (Chicago time) on the fourth at least one Business Day prior to the requested Drawdown Borrowing Date andproposed therein, in the case of a request for an Absolute Rate Rate, specifying: (i0 the proposed Borrowing Date for the proposed Competitive Bid Loan, no later than 1:00 p.m. (New York time) on the second Business Day prior to ii0 the requested Drawdown Date, specifying (i) the requested Drawdown Date (which must be a Business Day), (ii) the aggregate principal amount of such Competitive Bid Loan (Loan, which must shall not be a minimum of less than $10,000,000 or any greater 5,000,000 and which shall be an integral multiple of $5,000,000 and may not exceed the lesser of 1,000,000, (A) the Total Commitment and (B) iii0 whether the Competitive Bid Sublimit)Quotes requested are to set forth a Competitive LIBOR Margin or an Absolute Rate, (iii) the Type of such Competitive Bid Loan or both, and (iv) iv0 the Interest Period of such Competitive Bid Loan, subject to the provisions of the definition of LIBOR Interest Period. A , if a Competitive Bid fee of $750 shall be payable by LIBOR Margin is requested, or the Borrower to the Administrative Agent with respect to each Competitive Bid Quote Request on the last day of the calendar quarter in which such Competitive Bid Quote Request was madeAbsolute Interest Period, if an Absolute Rate is requested. The Borrower may request offers to make Competitive Bid Loans for more than one amount and Type and three Interest Periods Period (but not more than five Interest Periods) in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until within five Business Days (or such other number of days as the Borrower has notified and the Administrative Agent may agree) of its acceptance or non-acceptance of the Competitive Bid Quotes relating to any outstanding other conforming Competitive Bid Quote Request. A Competitive Bid Quote Request that does not conform substantially to the form of Exhibit C-1 hereto shall be rejected, and the Administrative Agent shall promptly notify the Borrower of such rejection by telecopy.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bradley Real Estate Inc)

Competitive Bid Quote Request. When the Borrower wishes to request offers to make Competitive Bid Loans under this §2.3Section 2.4, it they shall transmit to the Administrative Agent by telephone or facsimile (in each case confirmed in writing by the Borrower) a Competitive Bid Quote Request substantially in the form of Exhibit B attached B-1 hereto (a "Competitive Bid Quote Request") so as to be received, in the case of a request for a Eurocurrency Rate Competitive Bid Loan, no later than 1:00 p.m. 11:00 a.m. (New York Eastern time) on the fourth three (3) Business Day Days prior to the requested Drawdown Date and, in the case of a request for an Absolute Fixed Rate Competitive Bid Loan, no later than 1:00 p.m. one (New York time1) on the second Business Day prior to the requested Drawdown Date, specifying (ia) the requested Drawdown Date (which must be a Business Day), ) (iib) the principal amount of such Competitive Bid Loan stated in Dollars (which must be a minimum of $10,000,000 or any greater integral multiple of $5,000,000 1,000,000 and may not exceed the lesser of (Ai) the Total Revolver A Commitment and (Bii) the Competitive Bid Sublimit), (iiic) the Type of such Competitive Bid Loan and (ivd) the Interest Period of such Competitive Bid Loan, subject to the provisions of the definition of Interest Period. A Competitive Bid fee of $750 shall be payable by the Borrower to the Administrative Agent with respect to each Competitive Bid Quote Request on the last day of the calendar quarter in which such Competitive Bid Quote Request was made. The Borrower may request offers to make Competitive Bid Loans for no more than one amount and Type and three Interest Periods in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until the Borrower has notified the Administrative Agent of its acceptance or non-acceptance of the Competitive Bid Quotes Bids relating to any outstanding Competitive Bid Quote Request.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Lexmark International Inc /Ky/)

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Competitive Bid Quote Request. When the Borrower wishes to --------------- ----- ------- request offers to make Competitive Bid Loans Advances under this §2.3(S)3, it shall transmit to the Administrative Agent by telex or telecopier a Competitive Bid Quote Request substantially in the form of Exhibit B attached C hereto (a "Competitive Bid Quote --------- Request") so as to be received, in the case of a request for a Eurocurrency Rate Competitive Bid Loan, received no later than 1:00 p.m. (New York X) 11:00 a.m. (Hartford time) on the fourth Business Day prior to the requested Drawdown Date and, in the case of a request for an Absolute Rate Competitive Bid Loan, no later than 1:00 p.m. (New York time) on the second 3rd LIBOR Business Day prior to the requested Drawdown Date, in the case of LIBOR Rate Auction or (Y) 11:00 a.m. (Hartford time) on the first Business Day prior to the requested Drawdown Date, in the case of an Absolute Rate Auction, specifying (i) the requested Drawdown Date (which must be a Business Day), (ii) and the principal amount of such Competitive Bid Loan Advance (which must be a minimum of $10,000,000 5,000,000 or any greater integral multiple of $5,000,000 and may not exceed the lesser of (A) the Total Commitment and (B) the Competitive Bid Sublimit1,000,000), (iii) the Type of such Competitive Bid Loan and (ivii) the Interest Period of such Competitive Bid Loan, subject to Advance and (iii) whether the provisions of the definition of Interest Period. A Competitive Bid fee of $750 shall be payable by the Borrower Quotes requested are to the Administrative Agent with respect to each set forth a Competitive Bid Quote Request on the last day of the calendar quarter in which such Margin or a Competitive Bid Quote Request was madeAbsolute Rate. The Borrower may request offers to make Competitive Bid Revolving Credit Loans for more than one amount and Type and three Interest Periods Period in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until the Borrower has notified the Administrative Agent of its acceptance or non-acceptance of the Competitive Bid Quotes relating to any outstanding Competitive Bid Quote Request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Value Health Inc / Ct)

Competitive Bid Quote Request. When the Borrower wishes to request offers to make Competitive Bid Loans under this §Section 2.3, it shall transmit to the Administrative Agent by telex or facsimile a Competitive Bid Quote Request substantially in the form of Exhibit EXHIBIT B attached hereto (a “Competitive Bid Quote Request”"COMPETITIVE BID QUOTE REQUEST") so as to be received, in the case of a request for a Eurocurrency Rate Competitive Bid Loan, received no later than 1:00 p.m. (New York time) on the fourth Business Day prior to the requested Drawdown Date and, in the case of a request for an Absolute Rate Competitive Bid Loan, no later than 1:00 p.m. (New York Boston time) on the second Business Day prior to the requested Drawdown Date, specifying (i) the requested Drawdown Date (which must be a Business Day), (ii) the principal amount of such Competitive Bid Loan (which must be a minimum of $10,000,000 2,000,000 or any greater integral multiple of $5,000,000 1,000,000 and may not exceed the lesser of (A) the Total Commitment and (B) the Competitive Bid Sublimit), and (iii) the Type of such Competitive Bid Loan and (iv) the Interest Period of such Competitive Bid Loan, subject to the provisions of the definition of Interest Period. A Competitive Bid fee of $750 shall be payable by the Borrower to the Administrative Agent with respect to each Competitive Bid Quote Request on the last day of the calendar quarter in which such Competitive Bid Quote Request was made. The Borrower may request offers to make Competitive Bid Loans for one amount and Type and three Interest Periods in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until the Borrower has notified the Administrative Agent of its acceptance or non-acceptance of the Competitive Bid Quotes relating to any outstanding Competitive Bid Quote Request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

Competitive Bid Quote Request. When the a Borrower wishes to request offers to make Competitive Bid Loans under this §Section 2.3, it shall transmit to the Administrative Agent by telecopy a Competitive Bid Quote Request substantially in the form of Exhibit B attached "C" hereto (a “Competitive Bid Quote Request”) so as to be receivedreceived no later than (i) 8:00 a.m. (San Francisco time) at least four Business Days prior to the Borrowing Date proposed therein, in the case of a request for a Eurocurrency Rate Competitive Bid Loan, no later than 1:00 p.m. Eurodollar Auction or (New York ii) 8:00 a.m. (San Francisco time) on the fourth at least one Business Day prior to the requested Drawdown Borrowing Date andproposed therein, in the case of a request for an Absolute Rate Competitive Bid Loan, no later than 1:00 p.m. Auction specifying: (New York timea) on the second Business Day prior to the requested Drawdown proposed Borrowing Date, specifying (i) the requested Drawdown Date (which must shall be a Business Day), for the proposed Competitive Bid Advance; (iib) the aggregate principal amount of such Competitive Bid Loan Advance; (which must be a minimum of $10,000,000 or any greater integral multiple of $5,000,000 and may not exceed the lesser of (Ac) the Total Commitment and (B) whether the Competitive Bid Sublimit)Quotes requested are to set forth a Eurodollar Bid Rate or an Absolute Rate, (iii) the Type of such Competitive Bid Loan or both; and (ivd) the Interest Period of such Competitive Bid Loan, subject to applicable thereto (which may not end after the provisions of the definition of Interest Period. A Competitive Bid fee of $750 shall be payable by the Borrower to the Administrative Agent with respect to each Competitive Bid Quote Request on the last day of the calendar quarter in which such Competitive Bid Quote Request was madeRevolving Credit Termination Date). The Borrower Borrowers may request offers to make Competitive Bid Loans for more than one amount and Type and three Interest Periods Period in a single Competitive Bid Quote Request. No new Competitive Bid Quote Request shall be given until within 5 Business Days (or, in either case upon reasonable prior notice to the Borrower has notified Banks, such other number of days as the Administrative Borrowers and the Agent may agree) of its acceptance or non-acceptance of the Competitive Bid Quotes relating to any outstanding other Competitive Bid Quote Request. Each Competitive Bid Quote Request shall be in Dollars in a minimum amount of $5,000,000 (and in integral multiples of $1,000,000 in excess thereof). A Competitive Bid Quote Request that does not conform substantially to the format of Exhibit "C" hereto shall be rejected, and the Agent shall promptly notify the Borrowers of such rejection by telecopy. 2.3.3.

Appears in 1 contract

Samples: Assignment Agreement (Nike Inc)

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