Competitive Bid definition

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

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

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

Examples of Competitive Bid in a sentence

If no election as to the currency of Borrowing is specified in any Competitive Bid Request, then the applicable Borrower shall be deemed to have requested Borrowings in Dollars.
Promptly after its receipt of a Competitive Bid Request that is not rejected as aforesaid, the Administrative Agent shall invite by telecopier (in the form set forth in Exhibit A-2 hereto) the Revolving Credit Lenders to bid, on the terms and conditions of this Agreement, to make Competitive Loans pursuant to the Competitive Bid Request.
A Competitive Bid Request that does not conform substantially to the format of Exhibit A-l hereto may be rejected in the Administrative Agent’s sole discretion, and the Administrative Agent shall promptly notify the applicable Borrower of such rejection by telecopier.
Each Competitive Bid by a Revolving Credit Lender must be received by the Administrative Agent via telecopier, in the form of Exhibit A-3 hereto, (i) in the case of a Eurocurrency Competitive Borrowing not later than 11:00 a.m., New York City time, three Business Days before a proposed Competitive Borrowing and (ii) in the case of a Fixed Rate Borrowing, not later than 11:00 a.m., New York City time, on the day of a proposed Competitive Borrowing.
A Competitive Bid submitted by a Revolving Credit Lender pursuant to this paragraph (b) 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 Bank to make a Bid Loan in accordance with subsection 2.06(c).

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

Competitive Bid means an offer by a Lender to make a Competitive Bid Loan in accordance with Section 2.5.

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

Competitive Bid has the meaning set forth in Section 2.02(c).