Bid Class definition
Bid Class means, in relation to a Takeover Bid, the class of Financial Products included in the bid class of Financial Products under the Corporations Act.
Competitive Bid Reduction has the meaning specified in Section 2.01.
Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.
Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.
Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.
Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.