Bid Rate Loans. At any time during the period from the Closing Date to but excluding the Maturity Date, and so long as the Borrower continues to maintain an Investment Grade Rating from S&P or Xxxxx’x, the Borrower may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
Appears in 3 contracts
Samples: Revolving Credit Agreement (First Industrial Lp), Assignment and Assumption Agreement (First Industrial Lp), Unsecured Revolving Credit Agreement (First Industrial Realty Trust Inc)
Bid Rate Loans. At any time during the period from the Closing Effective Date to but excluding the Maturity Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from S&P or Xxxxx’x, the Borrower may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
Appears in 2 contracts
Samples: Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp)
Bid Rate Loans. At any time during the period from the Closing Effective Date to but excluding the Maturity Revolving Termination Date, and so long as at least one of the Borrower Borrowers continues to maintain an Investment Grade Rating from S&P or Xxxxx’x, the Borrower Representative may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower Borrowers in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers offers, and the Borrower Representative may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Sl Green Operating Partnership, L.P.), Credit Agreement (Sl Green Operating Partnership, L.P.)
Bid Rate Loans. At any time during the period from the Closing Date to but excluding the Maturity Date, and so long as the Borrower continues to maintain an Investment Grade Rating from S&P or Xxxxx’xMoody’s, the Borrower xxx Xxrrower may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
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Bid Rate Loans. At any time during the period from the Closing Effective Date to but excluding the Maturity Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from S&P or and Xxxxx’x, the Borrower may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
Appears in 1 contract
Bid Rate Loans. At any time during the period from the Closing Date to but excluding the Maturity Date, and so long as the Borrower continues to maintain an Investment Grade Rating from S&P or Xxxxx’xXxxxx’x and the Borrower shall have elected to have the provisions of Section 2.9(b) apply, the Borrower may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (First Industrial Realty Trust Inc)
Bid Rate Loans. At any time during the period from the Closing Effective Date to but excluding the Maturity Revolving Credit Termination Date, and so long as the Borrower Company continues to maintain an Investment Grade Rating from S&P or and Xxxxx’x, the Borrower Company may, as set forth in this Section, request the Revolving Lenders to make offers to make Bid Rate Loans to the Borrower Company in Dollars. The Revolving Lenders may, but shall have no obligation to, make such offers and the Borrower Company may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.. (b)
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