Common use of The Competitive Clause in Contracts

The Competitive. Bid Option. In addition to the Revolving Credit Loans which may be made available pursuant to subsection 2.1, the Borrower may, as set forth in this subsection 2.3, request the Lenders to make offers to make Competitive Loans to the Borrower during the Commitment Period. The Lenders may, but shall have no obligation to, make such

The Competitive. Bid Option. In addition to the Revolving Credit Loans which may be made available pursuant to subsection 2.1, the Borrower may, as set forth in this subsection 2.3, request the Lenders to make offers to make Competitive Loans to the Borrower during the Commitment Period. The Lenders may, but shall have no obligation to, make suchBorrower