Bid Loan definition

Bid Loan has the meaning specified in Section 2.03(a).

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Bid Loan means a Loan by a Bank to the Company under Section 2.05, which may be a LIBOR Bid Loan or an Absolute Rate Bid Loan.

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 Borrowers shall repay each Bid Loan on the last day of the Interest Period in respect thereof.

• 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.

• The Administrative Agent shall promptly notify each Revolving Credit 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.

• After each Competitive Bid auction pursuant to this Section 2.3, the Administrative Agent shall notify each Revolving Credit Lender that submitted a Competitive Bid in such auction of the ranges of bids submitted (without the bidder’s name) and accepted for each Bid Loan and the aggregate amount of each Bid Borrowing.

More Definitions of Bid Loan

Bid Loan is defined in Section 2.2(a).

Bid Loan each Bid Loan made pursuant to subsection 2.2.

Bid Loan means a loan by a Bank pursuant to Section 2.3.

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 means a Loan by a Lender to the Revolving Borrower under SECTION 2.5, which may be a Eurodollar Bid Loan or an Absolute Rate Bid Loan.

Bid Loan each advance made to the Company pursuant to subsection 2.18.

Bid Loan means an advance from a Bank to the Company pursuant to the biding procedures described in Section 2 hereof.