Bid Loan definition

Bid Loan has the meaning specified in Section 2.03(a).

Bid Loan means a Loan made by a Lender to the Borrower pursuant to Section 2.03 and may be a LIBOR Bid Loan or an Absolute Rate Bid Loan.

Bid Loan each loan (other than Negotiated Rate Loans) made pursuant to subsection 2.2; the aggregate amount advanced by a Bid Loan Bank pursuant to subsection 2.2 on each Borrowing Date shall constitute one Bid Loan, or more than one Bid Loan if so specified by the relevant Loan Assignee in its request for promissory notes pursuant to subsection 10.5(c).

Examples of Bid Loan in a sentence

• No Bid Request shall contain a request for (i) more than one Type of Bid Loan or (ii) Bid Loans having more than three different Interest Periods.

• The Administrative Agent shall promptly notify each Lender having submitted a Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the Bid Loan or Bid Loans to be made by it on the date of the applicable Bid Borrowing.

• No Bid Loan may be prepaid without the prior consent of the applicable Bid Loan Lender.

• The Borrower shall repay each Bid Loan on the last day of the Interest Period in respect thereof.

• After each Competitive Bid auction pursuant to this Section 2.03, the Administrative Agent shall notify each Lender that submitted a Competitive Bid in such auction of the ranges of bids submitted (without the bidder’s name) and accepted for each Bid Loan and the aggregate amount of each Bid Borrowing.

More Definitions of Bid Loan

Bid Loan is defined in Section 2.2(a).

Bid Loan means a Loan by a Bank to the Company under Section 2.6.

Bid Loan each Bid Loan made pursuant to subsection 2.2.

Bid Loan means a Loan by a Bank to the Company under Section 2.5, which may be a LIBOR Bid Loan or an Absolute Rate Bid Loan.

Bid Loan has the meaning assigned to such term in Section 2.01(c)(i).

Bid Loan each Bid Loan made pursuant to Section 4.

Bid Loan means an advance from a Bank to the Company pursuant to the biding procedures described in Section 2 hereof.