Bid Loan definition

Bid Loan has the meaning specified in Section 2.03(a).
Bid Loan means a Loan in Dollars that is an Absolute Rate Loan or a LIBOR Rate Loan made pursuant to Section 2.
Bid Loan each loan (other than Negotiated Rate Loans) made pursuant to subsection 2.2; the aggregate amount advanced by a Bid Loan Bank pursuant to subsection 2.2 on each Borrowing Date shall constitute one Bid Loan, or more than one Bid Loan if so specified by the relevant Loan Assignee in its request for promissory notes pursuant to subsection 10.5(c).

Examples of Bid Loan in a sentence

  • The Administrative Agent shall promptly notify each Revolving Loan Lender having submitted a Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the Bid Loan or Bid Loans to be made by it on the date of the applicable Bid Borrowing.

  • No Bid Request shall contain a request for (i) more than one Type of Bid Loan or (ii) Bid Loans having more than three different Interest Periods.


More Definitions of Bid Loan

Bid Loan is defined in Section 2.2(a).
Bid Loan means a Revolving Loan by a Bank or a Designated Bidder to one or more of the Companies under SECTION 2.6.
Bid Loan each Bid Loan made pursuant to subsection 2.2.
Bid Loan means a Loan by a Bank to the Company under Section 2.5, which may be a LIBOR Bid Loan or an Absolute Rate Bid Loan.
Bid Loan has the meaning assigned to such term in Section 2.01(c)(i).
Bid Loan each Bid Loan made pursuant to Section 4.
Bid Loan means an advance from a Bank to the Company pursuant to the biding procedures described in Section 2 hereof.