Proposed Bid Rate as applied to any Remaining Interest Period with respect to a Lender's Competitive Bid Loan, the rate per annum that such Lender in good faith would have quoted to the Borrower had the Borrower requested that such Lender make a Competitive Bid Loan on the first day of such Remaining Interest Period, assuming no Default or Event of Default existed on such day and that the Borrower had the right to borrow hereunder on such day, such rate to be determined by such Lender in good faith in its sole discretion.
Proposed Bid Rate as applied to any Remaining Interest Period with respect to a Lender’s Competitive Advance, or the interest rate applicable to a Swing Loan, the rate per annum that such Lender or Swing Loan Lender in good faith would have quoted to the Borrower had the Borrower requested that such Lender or Swing Loan Lender offer to make a Competitive Advance or Swing Loan on the first day of such Remaining Interest Period, assuming no Default or Event of Default existed on such day and that the Borrower had the right to borrow hereunder on such day; each such rate to be determined by such Lender or Swing Loan Lender, as the case may be, in good faith in its sole discretion.
Proposed Bid Rate as applied to any Remaining Interest Period with respect to a Lender's Competitive Bid Loan, the rate per annum that such Lender in good faith would have quoted to the Company had the Company requested that such Lender offer to make a Competitive Bid Loan on the first day of such Remaining Interest Period, assuming no Default or Event of Default existed on such day and that the Company had the right to borrow hereunder on such day; such rate to be determined by such Lender in good faith in its sole discretion.
More Definitions of Proposed Bid Rate
Proposed Bid Rate as applied to any Remaining Interest Period with respect to a Lender's Competitive Bid Advance, or the Swingline Lender's Swingline Rate with respect to one or more Swingline Loans, the rate per annum that such Lender or the Swingline Lender in good faith would have quoted to the Borrower had the Borrower requested that such Lender or the Swingline Lender offer to make a Competitive Bid Advance or Swingline Loan on the first day of such Remaining Interest Period, assuming no Default or Event of Default existed on such day and that the Borrower had the right to borrow hereunder on such day; each such rate to be determined by such Lender or the Swingline Lender, as the case may be, in good faith in its sole discretion.