Competitive Bid Auction definition

Competitive Bid Auction means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Margins pursuant to Section 2.3.
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Competitive Bid Auction means an Absolute Rate Auction or a Eurocurrency Auction.
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Competitive Bid Auction a solicitation by the Administrative Agent of Competitive Bid Quotes pursuant to Section 2.21.
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Examples of Competitive Bid Auction in a sentence

  • Competitive Bid Auction - a solicitation of Competitive Bids setting forth Competitive Bid Rates pursuant to 3.

  • Competitive Bid Advance - an Advance made pursuant to 3 hereof by a Bank pursuant to a Competitive Bid Auction.

  • Each Lender hereby irrevocably appoints and authorizes the Administrative Agent, the Syndication Agent, the Documentation Agent, the Technical Agents, the Competitive Bid Auction Agent and each Co-Agent to act as its agent hereunder with such powers as are specifically delegated to it by the terms of this Agreement or any Loan Document, together with such other powers as are reasonably incidental thereto.

  • Upon delivery of each Competitive Bid Request to the Administrative Agent, the Company shall pay to the Competitive Bid Auction Agent, as bid administrator, for its own account, a bid administration fee of $1,000, which fee shall be due and payable regardless of whether or not the Company cancels its request or accepts any offers from any Lender.

  • The administration of the competitive bid process as set forth in Section 2.06 hereof and the Competitive Loans shall ------------ be by the Competitive Bid Auction Agent or its designees.

  • Promptly after its receipt of a Competitive Bid Request that is not rejected as aforesaid, the Competitive Bid Auction Agent shall invite by telecopier (in substantially the form set forth in Exhibit I hereto) the Banks to bid, on the --------- terms and conditions of this Credit Agreement, to make Competitive Loans pursuant to such Competitive Bid Request.

  • The Borrower hereby agrees to pay to the ------------------ Agent an administration fee for each Competitive Bid Auction in the amount agreed to in the fee letter described in Section 2.6.3. Such administration fee shall be payable in arrears on each Payment Date hereafter and on the Termination Date (or such earlier date on which the Aggregate Commitment shall terminate or be cancelled) for any period then ending for which such fee, if any, shall not have been theretofore paid.

  • Xxxxx Title: Senior Vice President THE COMPETITIVE BID AUCTION AGENT THE CHASE MANHATTAN BANK In its capacity as the Competitive Bid Auction Agent for the Banks By: /s/ Xxxxxxxxxxx Xxxxxxxx Name: Xxxxxxxxxxx Xxxxxxxx Title: Associate BANKS TEXAS COMMERCE BANK NATIONAL ASSOCIATION By: /s/ Xxxxxxx X.

  • The principal amount of the Debenture is $51,390.00 (the “Debenture Principal”).

  • Not later than 12:00 noon (Eastern time) on the Competitive Bid Auction Date, Agent shall notify Borrower of the terms (A) of any Competitive Bid submitted by a Lender that shall be in accordance with Section 2.2(c)(iv) hereof and (B) of any Competitive Bid that amends, modifies or is otherwise inconsistent with a previous Competitive Bid submitted by such Lender with respect to the same Competitive Bid.


More Definitions of Competitive Bid Auction

Competitive Bid Auction means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Margins and/or Competitive Bid Fixed Rates pursuant to SECTION 2.3.
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Related to Competitive Bid Auction

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

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.07.

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.

  • Competitive Bid Note means a promissory note of any Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender to such Borrower.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Competitive Bid Quote Request means a Competitive Bid Quote Request substantially in the form of Exhibit "C" hereto completed and delivered by the Borrower to the Agent in accordance with Section 2.3.2.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Absolute Rate Auction means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Absolute Rates pursuant to Section 2.03.

  • Competitive Bid Quote means a response submitted by a Lender to the Administrative Agent with respect to a Competitive Bid Quote Request in the form attached as Exhibit C-3.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • Competitive Bid Accept/Reject Letter means a notification made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit D-4.

  • Invitation for Competitive Bid Quotes means a written notice to the Lenders from the Administrative Agent with respect to a Competitive Bid Quote Request in the form attached as Exhibit C-2 hereto.

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.03.

  • Bid Request means a written request for one or more Bid Loans substantially in the form of Exhibit B-1.

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted by the Borrower under the bidding procedure described in Section 2.03.

  • Bid Rate Quote means an offer in accordance with Section 2.2.(c) by a Lender to make a Bid Rate Loan with one single specified interest rate.

  • Bid Borrowing means a borrowing consisting of simultaneous Bid Loans of the same Type from each of the Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.03.

  • Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Company.

  • Bid Loan has the meaning specified in Section 2.03(a).