Common use of Quote Request Clause in Contracts

Quote Request. When a Borrower wishes to request offers to make Money Market Loans, it shall give the Administrative Agent (which shall promptly notify the Banks) notice (a "Money Market Quote Request") so as to be received no later than 11:00 a.m. New York time on (x) the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction or (y) the Business Day next preceding the date of borrowing proposed therein, in the case of a Set Rate Auction (or, in any such case, such other time and date as such Borrower and the Administrative Agent, with the consent of the Majority Banks, may agree). A Borrower may request offers to make Money Market Loans for up to three different Interest Periods in a single notice (for which purpose Interest Periods in different lettered clauses of the definition of the term "Interest Period" shall be deemed to be different Interest Periods even if 364-Day Credit Agreement they are coterminous); provided that the request for each separate Interest Period shall be deemed to be a separate Money Market Quote Request for a separate borrowing (a "Money Market Borrowing"). Each such notice shall be substantially in the form of Exhibit D hereto and shall specify as to each Money Market Borrowing: (i) the proposed date of such borrowing, which shall be a Business Day; (ii) the aggregate amount of such Money Market Borrowing, which shall be at least $5,000,000 (or a larger integral multiple of $1,000,000) but shall not cause the limits specified in Section 2.03(a) hereof to be violated; (iii) the duration of the Interest Period applicable thereto; (iv) whether the Money Market Quotes requested for a particular Interest Period are for LIBOR Market Loans or Set Rate Loans; and (v) if the Money Market Quotes requested are for Set Rate Loans, the date on which the Money Market Quotes are to be submitted if it is before the proposed date of borrowing (the date on which such Money Market Quotes are to be submitted is called the "Quotation Date"). Except as otherwise provided in this Section 2.03(b), no Money Market Quote Request shall be given within five Business Days (or such other number of days as the Company and the Administrative Agent, with the consent of the Majority Banks, may agree) of any other Money Market Quote Request.

Quote Request. When a Borrower wishes to request offers to make Money Market Loans, it shall give the Administrative Agent (which shall promptly notify the Banks) notice (a "Money Market Quote Request") so as to be received no later than 11:00 a.m. New York time on (x) the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction or (y) the Business Day next preceding the date of borrowing proposed therein, in the case of a Set Rate Auction (or, in any such case, such other time and date as such Borrower and the Administrative Agent, with the consent of the Majority Banks, may agree). A Borrower may request offers to make Money Market Loans for up to three different Interest Periods in a single notice (for which purpose Interest Periods in different lettered clauses of the definition of the term "Interest Period" shall be deemed to be different Interest Periods even if 364-Day Credit Agreement they are coterminous); provided that the request for each separate Interest Period shall be deemed to be a separate Money Market Quote Request for a separate borrowing (a "Money Market Borrowing"). Each such notice shall be substantially in the form of Exhibit D hereto and shall specify as to each Money Market Borrowing: (i) the proposed date of such borrowing, which shall be a Business Day; (ii) the aggregate amount of such Money Market Borrowing, which shall be at least $5,000,000 (or a larger integral multiple of $1,000,000) but shall not cause the limits specified in Section 2.03(a) hereof to be violated; (iii) the duration of the Interest Period applicable thereto; (iv) whether the Money Market Quotes requested for a particular Interest Period are for LIBOR Market Loans or Set Rate Loans; and (v) if the Money Market Quotes requested are for Set Rate Loans, the date on Five-Year Credit Agreement which the Money Market Quotes are to be submitted if it is before the proposed date of borrowing (the date on which such Money Market Quotes are to be submitted is called the "Quotation Date"). Except as otherwise provided in this Section 2.03(b), no Money Market Quote Request shall be given within five Business Days (or such other number of days as the Company and the Administrative Agent, with the consent of the Majority Banks, may agree) of any other Money Market Quote Request.

Quote Request. When a Borrower wishes to request offers to make Any such subsequent Money Market Loans, it Quote shall give be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Agent's notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which shall promptly notify offers have been received for each Interest Period specified in the Banks) notice (a "related Money Market Quote Request", (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so as to offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be received no accepted. (f) Acceptance and Notice by Borrower. Not later than 11:00 a.m. 10:30 A.M. (New York time City time) on (x) the fourth third Euro-Dollar Business Day prior to the proposed date of borrowing proposed thereinBorrowing, in the case of a LIBOR Auction or (y) the Business Day next preceding the proposed date of borrowing proposed thereinBorrowing, in the case of a Set an Absolute Rate Auction (or, in any such either case, such other time and or date as such the Borrower and the Administrative Agent, with Agent shall have mutually agreed and shall have notified to the consent Banks not later than the date of the Majority Banks, may agree). A Borrower may request offers to make Money Market Loans for up to three different Interest Periods in a single notice (for which purpose Interest Periods in different lettered clauses of the definition of the term "Interest Period" shall be deemed to be different Interest Periods even if 364-Day Credit Agreement they are coterminous); provided that the request for each separate Interest Period shall be deemed to be a separate Money Market Quote Request for a separate borrowing the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the Borrower shall notify the Agent of its acceptance or non-acceptance of the offers so notified to it pursuant to subsection 2.03(e) (and the failure of the Borrower to give such notice by such time shall constitute non-acceptance) and the Agent shall promptly notify each affected Bank. In the case of acceptance, such notice (a "Notice of Money Market Borrowing"). Each such notice shall be substantially in the form of Exhibit D hereto and ) shall specify as to the aggregate principal amount of offers for each Interest Period that are accepted. The Borrower may, but shall not be obligated to, accept any Money Market BorrowingQuote in whole or in part; provided that: (i) the proposed date aggregate principal amount of such borrowing, which shall be a Business Day;each Money Market Borrowing may not exceed the applicable amount set forth in the related Money Market Quote Request, (ii) the aggregate principal amount of such each Money Market Borrowing, which shall Borrowing must be at least $5,000,000 (10,000,000 or a larger integral multiple of $1,000,000) but shall not cause the limits specified in Section 2.03(a) hereof to be violated;, (iii) acceptance of offers may only be made on the duration basis of ascending order of Money Market Margins or Money Market Absolute Rates, as the Interest Period applicable thereto;case may be, in each case beginning with the lowest rate so offered, and (iv) whether the Money Market Quotes requested for a particular Interest Period are for LIBOR Market Loans Borrower may not accept any offer where the Agent has advised the Borrower that such offer is described in subsection 2.03(d)(iii) or Set Rate Loans; and (v) if the Money Market Quotes requested are for Set Rate Loans, the date on which the Money Market Quotes are that otherwise fails to be submitted if it is before the proposed date of borrowing (the date on which such Money Market Quotes are to be submitted is called the "Quotation Date"). Except as otherwise provided in this Section 2.03(b), no Money Market Quote Request shall be given within five Business Days (or such other number of days as the Company and the Administrative Agent, comply with the consent requirements of the Majority Banks, may agree) of any other Money Market Quote Requestthis Agreement.