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

Not later than 11:00 a.m. (i) on the requested date of any Bid Borrowing that is to consist of Absolute Rate Loans, or (ii) three Business Days prior to the requested date of any Bid Borrowing that is to consist of Term SOFR Margin Bid Loans, the Administrative Agent shall notify the Borrower of the identity of each Lender that has submitted a Competitive Bid that complies with Section 2.03(c) and of the terms of the offers contained in each such Competitive Bid.
Any 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 Lender of any manifest error it detects in such ▇▇▇▇▇▇’s Competitive Bid.
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.
Any Competitive Bid or portion thereof that is not accepted by the Borrower by the applicable time specified in Section 2.03(e) shall be deemed rejected.

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 Loan substantially in the form of Exhibit 2.04-C.

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.