Competitive Bid Option definition

Competitive Bid Option means the option of the Borrower to solicit bids for loans in an aggregate amount not to exceed $300,000,000 pursuant to the competitive bidding procedure described in Section 2.2(b) hereof.
Sample 1

Examples of Competitive Bid Option in a sentence

  • However, each Lender's Advance made under the Competitive Bid Option shall not reduce such Lender's obligation to lend its pro rata share of the remaining undrawn Commitment.

  • Each Borrowing under the Competitive Bid Option shall be in an amount of not less than $10,000,000 and integral multiples of $1,000,000 in excess thereof.

  • VOLUMETRIC INCENTIVE RATE (A) Competitive Bid Option The Company pays applicable rates to the QS Customer for eligible generation based on a successful bid from the competitive bidding process.

  • Any such subsequent Competitive Bid Quote shall be disregarded by the Competitive Bid Option Agent unless such subsequent Competitive Bid Quote specifically states that it is submitted solely to correct a manifest error in such former Competitive Bid Quote.

  • Saunders, M., Lewis P., Thornhill A.: Research methods for business students(Seventh edition.

  • Allocations by the Competitive Bid Option Agent of the amounts of Competitive Bid Loans shall be conclusive in the absence of manifest error.

  • No Borrower shall have any right to prepay Competitive Bid Option Loans.

  • Pope, Senior Vice President on and after October xx, 2011 PGE Advice No. 11-23 Attachment BMedium Systems Competitive Bid Option RFP andCapacity Application Forms Portland General ElectricRFP for Solar Photovoltaic Pilot Program Projects > 10 and ≤ 100 kW Issue Date: September 9, 2011 Definitions and terms used in this RFP are consistent with Oregon Public Utility Commission Order No. 10-198, Order No. 10-200, and Order No. 11-339.

  • Exchange differences arising from monetary items that in substance form part of the Company’s net investment in foreign operations, are recognised in the Company’s income statements.

  • Based on the signaling theory, the second hypothesis is as follows:H0: The innovative borrowers with more patents are more likely to have the CBO (Competitive Bid Option) in the loan commitments.As in Shockely and Thakor (1997), the loan commitments have a positive effect on the market reaction.

Related to Competitive Bid Option

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

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

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

  • 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 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.

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

  • 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.

  • 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 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.

  • 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.

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

  • 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.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

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

  • 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.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).