Competitive Bid definition
Examples of Competitive Bid in a sentence
Promptly following receipt of a Competitive Bid Request in accordance with this Section, the Administrative Agent shall notify the Lenders of the details thereof by telecopy, inviting the Lenders to submit Competitive Bids.
Any such submission of a corrected Competitive Bid shall constitute a revocation of the Competitive Bid that contained the manifest error.
No ABR Loan shall be requested in, or made pursuant to, a Competitive Bid Request.
Each such telephonic Competitive Bid Request shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Competitive Bid Request in a form approved by the Administrative Agent and signed by the Borrower.
A Competitive Bid submitted by a Lender pursuant to this paragraph (b) shall be irrevocable.