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 Usage based in respect of any Advance denominated in a Foreign Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested shall not exceed the aggregate amount of the Revolving Commitments of the Lenders.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Manpower Inc /Wi/), Credit Agreement (Manpower Inc /Wi/)

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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 seven days prior to the final Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the Usage aggregate amount of the Advances then outstanding (based in respect of any Advance denominated in a Foreign Committed Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested requested) shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Coca Cola Co), Five Year Credit Agreement (Coca Cola Enterprises 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 Termination Date in the manner set forth below; provided PROVIDED that, following the making of each Competitive Bid Borrowing, the Usage aggregate amount of the Advances then outstanding (based in respect of any Advance denominated in a Foreign Committed Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested requested) shall not exceed the aggregate amount of the Revolving Commitments of the LendersLenders (computed without regard to any Competitive Bid Reduction).

Appears in 2 contracts

Samples: Day Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies 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 Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the Usage aggregate amount of the Advances then outstanding (based in respect of any Advance denominated in a Foreign Committed Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested requested) shall not exceed the aggregate amount of the Revolving Commitments of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies 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 Termination Date in the manner set forth below; provided PROVIDED that, following the making of each Competitive Bid Borrowing, the Usage aggregate amount of the Advances then outstanding (based in respect of any Advance denominated in a Foreign Committed Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested requested) shall not exceed the aggregate amount of the Revolving Commitments of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies Inc)

The Competitive Bid Advances. (a) Each Lender severally agrees that the Borrower Borrowers may make Competitive Bid Borrowings under this Section 2.03 2.3 from time to time on any Business Day during the period from the date hereof Restatement 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 Usage Borrowing (based in respect of any Advance denominated in a Foreign Currency on or the Equivalent in US Dollars at the time such Competitive Bid Borrowing is requested requested) shall not exceed the aggregate amount of the Unused Revolving Credit Commitments of the LendersLenders (before giving effect to such Competitive Bid Borrowing).

Appears in 1 contract

Samples: Assignment and Assumption (Marsh & McLennan Companies, 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 Competitive Bid Borrowing, the Usage based in respect of any Advance denominated in a Foreign Currency on the Equivalent in Dollars at the time that such Competitive Bid Borrowing is requested shall not exceed the aggregate amount of the Unused Revolving Credit Commitments of the LendersLenders in effect immediately prior to giving effect to such Competitive Bid Borrowing and the aggregate principal amount of all Competitive Bid Borrowings shall not exceed $100,000,000.

Appears in 1 contract

Samples: Credit Agreement (Scholastic Corp)

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The Competitive Bid Advances. (a) Each Lender severally agrees that the any 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 seven days prior to the final Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the Usage aggregate amount of the Advances then outstanding (based in respect of any Advance denominated in a Foreign Committed Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested requested) shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders.

Appears in 1 contract

Samples: Year Credit Agreement (International CCE Inc.)

The Competitive Bid Advances. (a) Each Lender severally agrees that the any 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 Effective Date until the date occurring 30 seven days prior to the final Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the Usage aggregate amount of the Advances then outstanding (based in respect of any Advance denominated in a Foreign Committed Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested requested) shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders.

Appears in 1 contract

Samples: Five Year Credit Agreement (Coca-Cola Enterprises, 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 seven days prior to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the Usage aggregate amount of the Advances then outstanding (based in respect of any Advance denominated in a Foreign Committed Currency on the Equivalent in Dollars at the time such Competitive Bid Borrowing is requested requested) shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders.

Appears in 1 contract

Samples: Five Year Credit Agreement (Coca Cola Enterprises Inc)

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