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

  • Any Competitive Bid or portion thereof that is not accepted by the Borrowers by the applicable time specified in Section 2.3(e) shall be deemed rejected.

  • The Borrowers shall be under no obligation to accept any Competitive Bid and may choose to reject all Competitive Bids.

  • Any Revolving Credit Lender may correct a Competitive Bid containing a manifest error by submitting a corrected Competitive Bid (identified as such) not later than the applicable time required for submission of Competitive Bids.

  • The Administrative Agent may, but shall not be required to, notify any Revolving Credit Lender of any manifest error it detects in such Lender’s Competitive Bid.

  • Each Revolving Credit Lender that has received notice pursuant to Section 2.3(g) that all or a portion of its Competitive Bid has been accepted by the Borrowers 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.


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.
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Competitive Bid means an offer by a Bank to make a Bid Loan in accordance with subsection 2.06(c).
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Competitive Bid an offer by a Lender, in the form of Exhibit H, to make one or more Competitive Bid Loans.
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Competitive Bid means an offer by a Lender to make a Competitive Bid Loan in accordance with Section 2.5.
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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.
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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.
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Competitive Bid has the meaning set forth in Section 2.02(c).
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