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 Effective Date until the date occurring 7 days prior to the Termination Date in the manner set forth below; provided that (x) each Competitive Bid Borrowing shall be in an -------- aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) 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.

The Competitive Bid Advances. (a) Each Lender ---------------------------- severally ---------------------------- agrees that the Borrower may make Competitive Bid Borrowings under this Section 2.03 2.15 from time to time on any Business Day during the period from the Effective Date date hereof until the date occurring 7 30 days prior to the Commitment Termination Date in the manner set forth below; provided that (x) each Competitive Bid Borrowing shall be in an -------- aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) that, following the -------- making of each Competitive Bid Borrowing, (x) the aggregate amount of the Competitive Bid Advances of all Lenders then outstanding shall not exceed $100,000,000, (y) the aggregate amount of the Competitive Bid Advances of any one Lender then outstanding shall not exceed $50,000,000 and (z) the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the LendersLenders (computed without regard to any Competitive Bid Reduction).

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 Effective Date date hereof until the date occurring 7 30 days prior to the Termination Date in the manner set forth below; provided that (x) each Competitive Bid Borrowing shall be in an -------- aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) that, following the making of each Competitive Bid Borrowing, (x) the aggregate amount of the Competitive Bid Advances then outstanding shall not exceed $50,000,000, (y) the aggregate principal amount of the Advances then outstanding shall not exceed the aggregate amount of the Revolving Credit Commitments of the LendersLenders and (2) the aggregate amount of the Competitive Bid Advances of any one Lender then outstanding shall not exceed $10,000,000.