Competitive Bid Advance means an advance by a Lender to any 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 Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.
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 Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.
Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).
Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with the provisions of Section 2.2(b).
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.
Bid Rate Loan means a loan made by a Lender under Section 2.2.
Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.
Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.
LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).
Competitive Bid Margin has the meaning set forth in Section 2.03(d).
Competitive Bid Reduction has the meaning specified in Section 2.01.
LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.
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.
LIBO Rate Advances has the meaning specified in Section 2.03(a)(i).
Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.
Bid Loan has the meaning specified in Section 2.03(a).
Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;
Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).
Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.
Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.
Prime Rate Advance means an Advance that bears interest based at the Prime 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.
Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).
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 Administrative Agent in accordance with Section 2.3.2.