Competitive Bid definition

Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

Competitive Bid means a bid in terms of a competitive bidding process;

Competitive Bid means an offer by a Lender to make a Competitive Loan pursuant to Section 2.03.

Examples of Competitive Bid in a sentence

• Any Competitive Bid shall be disregarded if it (A) is received after the applicable time specified in clause (ii) above, (B) is not substantially in the form of a Competitive Bid as specified herein, (C) contains qualifying, conditional or similar language, (D) proposes terms other than or in addition to those set forth in the applicable Bid Request, or (E) is otherwise not responsive to such Bid Request.

• Each Lender that has received notice pursuant to Section 2.03(g) that all or a portion of its Competitive Bid has been accepted by the Borrower shall make the amount of its Bid Loan(s) available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the date of the requested Bid Borrowing.

• After each Competitive Bid auction pursuant to this Section 2.03, the Administrative Agent shall notify each 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.

• Any such submission of a corrected Competitive Bid shall constitute a revocation of the Competitive Bid that contained the manifest error.

• Subject only to the provisions of Sections 5.02, 5.03 and 6.02 and clause (iii) above, each Competitive Bid shall be irrevocable.

More Definitions of Competitive Bid

Competitive Bid means a written offer by a Lender to make one or more Bid Loans, substantially in the form of Exhibit B-2, duly completed and signed by a Lender.

Competitive Bid means an offer by a Lender to make a Competitive Loan pursuant to the terms of Section 2.2.

Competitive Bid means an offer by a Lender to make a Competitive Loan pursuant to Section 2.4 in the form of Exhibit E-3.

Competitive Bid means an offer by a Lender to make a Bid Loan in accordance with Section 2.04(b).

Competitive Bid means an offer by a Bank to make a Bid Loan in accordance with subsection 2.06(c).

Competitive Bid means an offer to make a Competitive Loan pursuant to Section 2.3.

Competitive Bid an offer by a Lender, in the form of Exhibit H, to make one or more Competitive Bid Loans.