Competitive Bid Borrowing definition
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 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 2.03.
Competitive Bid Borrowing means a Borrowing of Competitive Bid Loans pursuant to Section 1.04.
Examples of Competitive Bid Borrowing in a sentence
The Administrative Agent’s notice to the Borrower shall specify (A) the aggregate principal amount of the Competitive Bid Borrowing for which Competitive Bid Quotes have been received and (B) the respective principal amounts and Absolute Rates or Term Benchmark Competitive Rate, as the case may be, offered by each Revolving Credit Lender (identifying the Lender that made each Competitive Bid Quote).
More Definitions of Competitive Bid Borrowing
Competitive Bid Borrowing has the meaning assigned to such term in Section 2.5(b) hereof.
Competitive Bid Borrowing has the meaning set forth in Section 1.03.
Competitive Bid Borrowing means the borrowing of Competitive Bid Loans from each of the Lenders whose offer to make one or more Competitive Bid Loans as part such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.
Competitive Bid Borrowing means each borrowing of any Competitive Bid Loan.
Competitive Bid Borrowing shall have the meaning set forth in Section 2.03(b) hereof.
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
Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances of the same Type and currency and, in the case of Floating Rate Bid Advances, as to which a single Interest Period is in effect, made to the same Borrower by each of the Revolving 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.