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
Upon receipt of the Borrower's Notice of Competitive Bid Borrowing in accordance with Section 2.3(f), the Administrative Agent shall, on the date such Notice of Competitive Bid Borrowing is received by the Administrative Agent, promptly notify each Bank (and such Notice of Competitive Bid Borrowing shall not thereafter be revocable by the Borrower) (i) of the principal amount of the Competitive Bid Borrowing accepted by the Borrower, and (ii) of such Bank's share (if any) of such Competitive Bid Borrowing.
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 of 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.