Bid Acceptance definition
Examples of Bid Acceptance in a sentence
This Agreement shall terminate on the date set forth in the Bid Acceptance Page as the end of the Term.
In the case of acceptance, such notice (a "Competitive Bid Acceptance Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted.
The Agent shall promptly, but in any event on the same Business Day in the case of Eurodollar Bid Rate Advances, and by 11:00 a.m. (Chicago time) on the same Business Day in the case of Absolute Rate Advances, notify each Lender of its receipt of a Competitive Bid Acceptance Notice and the aggregate principal amount of each Competitive Bid Advance allocated to each participating Lender.
Administrative Agent shall promptly, but in any event on the same Business Day, notify each Lender of its receipt of a Competitive Bid Acceptance Notice and the aggregate principal amount of each Competitive Bid Advance allocated to that participating Lender.
The Parties agree that, no later than the first (1st) Business Day after the Bid Acceptance Deadline, each of Purchaser and Seller will file any applications required by law with the appropriate regulatory authorities for approval to effect the transactions contemplated by this Agreement, including approval for Purchaser to purchase the Transferred Assets, assume the Assumed Liabilities and establish the Transferred Branches, in each case, on the Bank Closing Date.
Administrative Agent shall promptly, but in any event on the same Business Day, notify each Revolving Lender of its receipt of a Competitive Bid Acceptance Notice and the aggregate principal amount of each Competitive Bid Advance allocated to each participating Revolving Lender.
Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Committed Borrowing Notice, Competitive Bid Acceptance Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder.
If the Administrative Agent fails to receive a Competitive Bid Acceptance or Competitive Bid Rejection notice from the Borrower of any Competitive Bids at or prior to 11:00 A.M., Dallas, Texas time on such day, all such Competitive Bids shall be deemed to have been rejected by the Borrower, and the Administrative Agent will give to each Lender that submitted a Competitive Bid notice of such rejection by telephone on such day.
Promptly on the same day, the Administrative Agent, following its receipt from the Borrower of such telephonic notice and Competitive Bid Acceptance or Competitive Bid Rejection, as applicable, will give notice to each Lender that submitted a Competitive Bid as to the extent, if any, that such Lender's Competitive Bid shall have been accepted.
Purchaser and Seller agree that, unless this Agreement is terminated prior to the Bid Acceptance Deadline, Seller shall submit one or more Alliance Bids to the Receiver by the Bid Acceptance Deadline, with Seller serving as the Lead Bidder and Purchaser serving as an Alliance Bidder.