Requests for Bids Clause Samples
Requests for Bids. In order to request Competitive Bids from the Lenders hereunder, the Borrower shall give the Administrative Agent prior written notice in the form attached hereto as Exhibit B-2 (a "Competitive Bid Request") not later than 11:00 a.m. (Charlotte time) at least two (2) Business Days before the date of a proposed Absolute Competitive Bid Borrowing and at least five (5) Business Days before the date of a LIBOR Competitive Bid Borrowing, of its intention to request Competitive Bids, specifying with respect to each requested Competitive Bid Borrowing for a particular Interest Period (A) the date of such requested Competitive Bid Borrowing, which shall be a Business Day, (B) the aggregate amount of such requested Competitive Bid Borrowing, which shall be $10,000,000 or a whole multiple of $5,000,000 in excess thereof, (C) the Interest Period to be applicable to such Competitive Bid Borrowing, which shall not be less than seven (7) or more than one hundred eighty (180) days in the case of an Absolute Competitive Bid Borrowing or one (1), two (2), three (3) or six (6) months in the case of a LIBOR Competitive Bid Borrowing, and (D) whether such Competitive Bid Borrowing will be an Absolute Competitive Bid Borrowing or a LIBOR Competitive Bid Borrowing. The Borrower may request offers to make Competitive Bid Loans for up to three (3) separate Interest Periods in a single Competitive Bid Request, and each such request for a separate Interest Period shall be deemed a request for a separate Competitive Bid Borrowing; provided that (x) no Interest Period applicable to any Competitive Bid Borrowing shall expire on a date later than the last Business Day prior to the Revolving Credit Termination Date, (y) the Borrower may not submit a Competitive Bid Request within five (5) Business Days after the date of submission of any previous Competitive Bid Request or more than three (3) Competitive Bid Requests in one calendar month, and (z) no Competitive Bid Borrowing shall be made if, immediately after giving effect thereto, there would be outstanding Competitive Bid Loans having more than three (3) separate Interest Periods or outstanding LIBOR Loans and Competitive Bid Loans together having more than eight (8) separate Interest Periods (for which purpose Interest Periods applicable to LIBOR Rate Loans and Interest Periods applicable to Competitive Bid Loans shall be deemed to be separate Interest Periods even if they are coterminous). A Competitive Bid Request not given in th...
Requests for Bids. In order to request Competitive Bids from the ----------------- Lenders hereunder, the Borrower shall give the Administrative Agent prior written notice in the form attached hereto as Exhibit B-2 (a "Competitive Bid ----------- Request") not later than 11:00 a.m. (Charlotte time) at least two (2) Business Days before the date of a proposed Absolute Competitive Bid Borrowing and at least five (5) Business Days before the date of a LIBOR Competitive Bid
Requests for Bids. Except as otherwise provided herein, each Borrower may from time to time request that Administrative Agent invite bids for Bid Rate Loans, which requests shall be made by delivering to Administrative Agent a completed Request for Bids not later than 11:00 a.m., New York, New York time, (i) on the Eurocurrency Business Day that is four (4) Eurocurrency Business Days before the proposed Bid Rate Loan Borrowing Date for a Eurodollar Loan; and (ii) on the Business Day that is one (1) Business Day before the proposed Bid Rate Loan Borrowing Date for a Fixed Rate Loan. Each Request For Bids shall be irrevocable and shall specify (A) the proposed Bid Rate Loan Borrowing Date, which date shall be a Eurocurrency Business Day, if the requested Bid Rate Loan is a Eurodollar Loan, or a Business Day in all other cases, (B) the amount which the Borrower proposes to borrow on such date, which amount shall be not less than $5,000,000 or, if greater, an integral multiple of $1,000,000, (C) whether the Lenders should offer to make Eurodollar Loans and/or Fixed Rate Loans, (D) the Interest Period(s) applicable to such proposed borrowing, if the proposed Bid Rate Loan is to be a Eurodollar Loan, (E) the term of the proposed Bid Rate Loan, (F) the account into which the Advance of the Bid Rate Loan is to be made and (G) such other information as is provided for in Exhibit F. Administrative Agent, promptly after receipt by it of a Request For Bids, shall notify each Lender by telecopy of its receipt of a Request For Bids and the contents thereof and shall invite bids from each Lender.
Requests for Bids. A request for bids (“RFB”) will be issued for each trade contract subject to Sections 2 and 3 of these Procedures. The RFB will only be issued to the Trade Contractors appearing on the list of prequalified Applicants for the applicable trade contract determined pursuant to Section 2 above. The RFB shall include at least the following attachments:
a. the date, time and place for submission of responses to the request for bids. All Trade Contractor bids for DCAMM projects will be submitted and opened at DCAMM’s Bid Room;
b. fully detailed drawings and specifications by class of work in accordance with paragraph (a) of Subsection 1 of Section 44F of Chapter 149 of the Massachusetts General Laws (i.e., separate specification sections for the trades listed in Paragraph 1.1 above) which shall provide for full competition for each item of material to be furnished under the contract as set forth under subsection (b) of M.G.L. c.30, §39M;
c. drawings and specifications that provide for full competition for each item of material to be furnished under the contract as set forth under Subsection (b) of Section 39M of Chapter 30 of the Massachusetts General Laws;
d. a detailed definition o the Trade Contractor’s scope of work, including alternates and unit price items, if any, within that scope of work;
e. a project schedule indicating the planned sequence and duration of each trade contractor’s work;
Requests for Bids. Except as otherwise provided herein, each Borrower may from time to time request that Administrative Agent invite bids for Bid Rate Loans, which requests shall be made by delivering to Administrative Agent a completed Request for Bids (i) not later than 11:01 a.m., New York, New York time, on the Eurocurrency Business Day that is six (6) Eurocurrency Business Days before the proposed Bid Rate Loan Borrowing Date (i.e., approximately 12:01 a.m., Hong Kong time, on the Eurocurrency Business Day that is five (5) Eurocurrency Business Days before the proposed Bid Rate Loan Borrowing Date) for a Yen‑Denominated Loan, (ii) not later than 10:00 a.m., New York, New York time, on the Eurocurrency Business Day that is five (5) Eurocurrency Business Days before the proposed Bid Rate Loan Borrowing Date for a Eurocurrency Loan other than a Yen‑Denominated Loan, (iii) not later than 11:00 a.m., New York, New York time, on the Eurocurrency Business Day that is four (4) Eurocurrency Business Days before the proposed Bid Rate Loan Borrowing Date for a Eurodollar Loan, and (iv) not later than 11:00 a.m., New York, New York time, on the Business Day that is one (1) Business Day before the proposed Bid Rate Loan Borrowing Date for a Fixed Rate Loan. Each Request For Bids shall be irrevocable and shall specify (A) the proposed Bid Rate Loan Borrowing Date, which date shall be a Eurocurrency Business Day if the requested Bid Rate Loan is a Eurodollar Loan or a Eurocurrency Loan, or a Business Day in all other cases, (B) the amount which the Borrower proposes to borrow on such date and the currency of such proposed borrowing, which amount shall be not less than $5,000,000 (or, if such Bid Rate Loan is to be made in a currency other than Dollars, in an amount of such currency substantially equivalent, on the date of such Request for Bids, to $5,000,000), or, if greater, an integral multiple of $1,000,000, (C) whether the Lenders should offer to make Eurocurrency Loans, Eurodollar Loans, and/or Fixed Rate Loans, (D) if the proposed Bid Rate Loan is to be a Eurodollar Loan or a Eurocurrency Loan, the Interest Period(s) applicable to such proposed borrowing, (E) the term of the proposed Bid Rate Loan, (F) the account into which the Advance of the Bid Rate Loan is to be made and (G) such other information as is provided for in Exhibit F. Administrative Agent, promptly after receipt by it of a Request For Bids, shall notify each Lender by telecopy of its receipt of a Request For Bids...