Common use of The Competitive Bid Advances Clause in Contracts

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 14 contracts

Samples: Credit Agreement (Ugi Utilities Inc), Day Credit Agreement (Applied Materials Inc /De), Credit Agreement (International Flavors & Fragrances Inc)

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The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 9 contracts

Samples: Credit Agreement (Hershey Co), Credit Agreement (Hershey Co), Credit Agreement (Hershey Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following that the making amount of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Borrowing shall not exceed the aggregate amount of the Unused Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)on such Business Day.

Appears in 8 contracts

Samples: Day Credit Agreement (Washington Post Co), Year Credit Agreement (Washington Post Co), Day Credit Agreement (Washington Post Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Usage shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Revolving Credit Facility.

Appears in 7 contracts

Samples: Day Credit Agreement (York International Corp /De/), Day Credit Agreement (York International Corp /De/), Day Credit Agreement (York International Corp /De/)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Revolver Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 7 contracts

Samples: Day Credit Agreement (Sprint Corp), Day Credit Agreement (Sprint Corp), Day Credit Agreement (Sprint Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the each Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 6 contracts

Samples: Credit Agreement (Bottling Group LLC), Credit Agreement (Bottling Group LLC), Day Credit Agreement (Pepsi Bottling Group Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the latest Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 4 contracts

Samples: Day Credit Agreement (Hershey Co), Credit Agreement (Hershey Co), Assignment and Assumption (Hershey Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Usage shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 4 contracts

Samples: Five Year Credit Agreement (Goodrich Corp), Five Year Credit Agreement (Goodrich Corp), Year Credit Agreement (Goodrich Corp)

The Competitive Bid Advances. (a) Each Lender ---------------------------- severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each -------- Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 4 contracts

Samples: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (Agilent Technologies Inc), Day Credit Agreement (Agilent Technologies Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding plus the then Available Amount of all Letters of Credit shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following that the making amount of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Borrowing shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Unused Commitments.

Appears in 3 contracts

Samples: Five Year Credit Agreement (Pepsiamericas Inc/Il/), Credit Agreement (Pepsiamericas Inc/Il/), Year Credit Agreement (Pepsiamericas Inc/Il/)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the earlier of the Revolver Termination Date and the Term Loan Conversion Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 3 contracts

Samples: Credit Agreement (Detroit Edison Co), Credit Agreement (Detroit Edison Co), Credit Agreement (Detroit Edison Co)

The Competitive Bid Advances. (ai) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 2.01(b) from time to time on any Business Day during the period from the date hereof Effective Date until the date occurring 30 days prior to the latest Termination Date then in effect in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances plus the Available Amount of Letters of Credit then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Kroger Co), Credit Agreement (Kroger Co), Credit Agreement (Kroger Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower Borrowers may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 3 contracts

Samples: Year Credit Agreement (Lafarge North America Inc), Day Credit Agreement (Lafarge North America Inc), Year Credit Agreement (Lafarge North America Inc)

The Competitive Bid Advances. (ai) Each Lender severally ---------------------------- agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 2.01(b) from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive -------- Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Year Credit Agreement (Kroger Co), Year Credit Agreement (Kroger Co)

The Competitive Bid Advances. (a1) Each Lender severally agrees that the each Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Extension Agreement (Pepsi Bottling Group Inc), Extension Agreement (Bottling Group LLC)

The Competitive Bid Advances. (ai) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 2.01(b) from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the latest Termination Date then in effect in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances plus the Available Amount of Letters of Credit then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 2 contracts

Samples: Year Credit Agreement (Kroger Co), Credit Agreement (Kroger Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower Borrowers may make Competitive Bid Borrowings denominated in Dollars or Euro under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following that the making principal amount of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Borrowing shall not exceed the aggregate amount Unused Commitments (without giving effect to clause (b)(ii)(B) of the Commitments definition of the Lenders (computed without regard to any Competitive Bid Reduction“Unused Commitments”).

Appears in 2 contracts

Samples: Credit Agreement (PPG Industries Inc), Credit Agreement (PPG Industries Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the then scheduled Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid BorrowingAdvance, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Credit Agreement (United Parcel Service Inc), Credit Agreement (United Parcel Service of America Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the either Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each that such Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Borrowing shall not exceed the aggregate amount of the Unused Revolving Credit Commitments of the Lenders (computed without regard in effect immediately prior to any giving effect to such Competitive Bid Reduction)Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Scholastic Corp), Credit Agreement (Scholastic Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount Dollar Amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Year Credit Agreement (Polyone Corp), Year Credit Agreement (Polyone Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following below in a principal amount (based in respect of any Advance denominated in a Foreign Currency on the making of each Equivalent in Dollars at the time such Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall Borrowing is requested) not to exceed the aggregate amount of the Unused Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)on such Business Day.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Sealed Air Corp/De), Credit Agreement (Sealed Air Corp/De)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then than outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc)

The Competitive Bid Advances. (a) Each Lender ---------------------------- severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Revolver Termination Date in the manner set forth below; provided that, following the -------- making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Year Credit Agreement (Sprint Corp), Day Credit Agreement (Sprint Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding plus the then Available Amount of all Letters of Credit shall not exceed the aggregate amount of the WC Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make one or more Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Competitive Bid Borrowings made on any Business Day shall not exceed the aggregate amount of the Unused Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)on such Business Day.

Appears in 1 contract

Samples: Day Credit Agreement (Mirant Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof Restatement Effective Date until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Usage shall not exceed the aggregate amount of the Revolving Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Credit Agreement (Genuity Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the each Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding plus the Aggregate L/C Exposure shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Bottling Group LLC)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof Effective Date until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Columbia Gas System Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make one or more Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, that the aggregate amount of the Advances then outstanding Competitive Bid Borrowings made on any Business Day shall not exceed the aggregate amount of the Unused Revolving Credit Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)on such Business Day.

Appears in 1 contract

Samples: Year Credit Agreement (Mirant Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).occurring

Appears in 1 contract

Samples: Credit Agreement (Detroit Edison Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 seven days prior to the Revolver Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding no prepayment shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard be required pursuant to any Competitive Bid ReductionSection 2.07(b)(i).

Appears in 1 contract

Samples: Day Credit Agreement (Borden Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 10 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Pe Corp)

The Competitive Bid Advances. (a) Each Lender severally ------------------------------------------- agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Day Credit Agreement (Agilent Technologies Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 2.04 from time to time on any Business Day during the period from the date hereof until the date occurring 30 35 days prior to the Termination Date in the manner set forth below; provided that, following the making of that each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Borrowing shall not exceed the aggregate amount of the Unused Commitments of the Lenders (computed without regard immediately prior to any the making of such Competitive Bid Reduction)Borrowing.

Appears in 1 contract

Samples: Five Year Credit Agreement (St Paul Travelers Companies Inc)

The Competitive Bid Advances. (a) Each ---------------------------- Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid -------- Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Day Credit Agreement (Monsanto Co /New/)

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The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 seven days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Geon Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower US Borrowers may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of that each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Borrowing shall not exceed the aggregate amount of the Unused Revolving Credit Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Five Year Credit Agreement (Lafarge North America Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

The Competitive Bid Advances. (a) Each Lender ---------------------------- severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid -------- Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances plus the Available Amount of Letters of Credit then outstanding shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Credit Agreement (Phelps Dodge Corp)

The Competitive Bid Advances. (a) ---------------------------- Each Working Capital Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 seven days prior to the Termination Date in the manner set forth below; provided that, -------- following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding no prepayment shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard be required pursuant to any Competitive Bid ReductionSection 2.07(b)(i).

Appears in 1 contract

Samples: Credit Agreement

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof Effective Date until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Puerto Rico Telephone Co Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the WC Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Ace LTD)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make one or more Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Mirant Corp)

The Competitive Bid Advances. (a) Each Lender severally agrees that the each Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof Effective Date until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding plus the Aggregate L/C Exposure shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Pepsi Bottling Group Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date date of the termination of all of the Commitments in the manner set forth below; provided that, following that the making amount of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Borrowing shall not exceed the aggregate amount of the Unused Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)on such Business Day.

Appears in 1 contract

Samples: Five Year Credit Agreement (Washington Post Co)

The Competitive Bid Advances. (a) Each Lender severally agrees -------------------------------- that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof Effective Date until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid -------- Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Genuity Inc)

The Competitive Bid Advances. (a) Each Tranche A Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the final Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, that the aggregate amount of the Competitive Bid Advances then outstanding made at any time shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Unused Commitments.

Appears in 1 contract

Samples: Credit Agreement (Office Depot Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof Effective Date until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding plus the Available Amount of all Letters of Credit then outstanding shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (Columbia Energy Group)

The Competitive Bid Advances. (a) Each Working Capital Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time 38 34 to time on any Business Day during the period from the date hereof until the date occurring 30 seven days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding no prepayment shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard be required pursuant to any Competitive Bid ReductionSection 2.07(b)(i).

Appears in 1 contract

Samples: Credit Agreement (Borden Inc)

The Competitive Bid Advances. (a1) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Pepsi Bottling Group Inc

The Competitive Bid Advances. (ai) Each Lender ---------------------------- severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 2.01(b) from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of -------- each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Year Credit Agreement (Kroger Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower Borrowers may make Competitive Bid Borrowings under this Section 2.03 2.04 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following that the making principal amount of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding Borrowing shall not exceed the aggregate amount of the Unused Revolving Credit Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Five Year Credit Agreement (York International Corp /De/)

The Competitive Bid Advances. (a) Each Lender ---------------------------- severally agrees that the Borrower may make request Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; in Section 3.02, provided that, following the making of each Competitive Bid -------- Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed for purposes of this Section 2.02(a) without regard to any Competitive Bid Advance Reduction).

Appears in 1 contract

Samples: Credit Agreement (New England Investment Companies L P)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 2.04 from time to time on any Business Day during the period from the date hereof until the date occurring 30 10 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances (other than Term Advances) then outstanding shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Credit Agreement (Warnaco Group Inc /De/)

The Competitive Bid Advances. (ai) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 2.01(b) from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Five Year Credit Agreement (Kroger Co)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 7 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction)Lenders.

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid BorrowingAdvance, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any Competitive Bid Reduction).

Appears in 1 contract

Samples: Credit Agreement (United Parcel Service Inc)

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