Bid Loan Bank definition

Bid Loan Bank means, in respect of any Bid Loan, the Bank or a Designated Bidder making such Bid Loan to the Companies.
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Bid Loan Bank means each Bank party hereto.
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Bid Loan Bank means, in respect of any Bid Loan, the Bank making such Loan to the Borrower.
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Examples of Bid Loan Bank in a sentence

  • The Borrowers shall not have the right to prepay any principal amount of any Bid Loan without the prior written consent of the Bid Loan Bank which made such Bid Loan.

  • Each Borrower shall repay to the Administrative Agent for the account of each Bid Loan Bank which has made a Bid Loan on the maturity date of each Bid Loan (such maturity date being that specified by the Borrower for repayment of such Bid Loan in the related Bid Loan Request) the then unpaid principal amount of such Bid Loan.

  • Any Bid Loan Bank may designate one Designated Bidder to have a right to offer and make Bid Loans pursuant to Section 2.06; provided, however, that (i) no such Bid Loan Bank may make more than one such designation, (ii) each such Bid Loan Bank making any such designation shall retain the right to make Bid Loans, and (iii) the parties to each such designation shall execute and deliver to the Agent a Designation Agreement.

  • Notwithstanding the foregoing, each Bid Loan Bank may, in its sole discretion, if there exists no Potential Event of Default or Event of Default, and without the consent or signature of the Agent or any other Bank (provided, however, that prompt notice thereof is provided by such Bid Loan Bank to the Agent), accept any prepayment on account of any such Bid Loan Bank's Bid Loans.

  • Subject to the provisions of Section 2.6E, for Bid --------- Loans, at a rate per annum equal at all times to that offered by the applicable Bid Loan Bank and accepted by the Borrower pursuant to Section 2.2, payable in arrears in accordance with the terms of such Bid Loan.

  • In the case of each Bid Loan made through an Agent Auction, the Agent will cause an amount of same day funds equal to the amount of such payments of principal of, or interest on, each such Bid Loan on which the Borrower makes a payment to be available to the applicable Bid Loan Bank at the office of such Bank designated by such Bank.

  • The Administrative Agent will, in the case of Committed Loans, promptly notify each Bank of its receipt of any such notice, and of such Bank's Percentage of such prepayment, and, in the case of Bid Loans, promptly notify the applicable Bid Loan Bank of its receipt of such notice.

  • In the case of each Bid Loan made through a Borrower Auction, the applicable Bid Loan Bank shall notify the Borrower of the payment instructions relating to such Bid Loan promptly after the funding thereof, and the Borrower will make payments in same day funds equal to the amount of principal of, or interest on, on each such Bid Loan when due in accordance with such payment instructions.

  • Each Borrower shall repay to the Agent for the account of each Bid Loan Bank which has made a Bid Loan on the maturity date of each Bid Loan (such maturity date being that specified by the Borrower for repayment of such Bid Loan in the related Bid Loan Request) the then unpaid principal amount of such Bid Loan.

  • Any payment which is received by the Agent or a Bid Loan Bank later than 12:00 Noon (San Francisco time) shall be deemed to have been received on the immediately succeeding Business Day.


More Definitions of Bid Loan Bank

Bid Loan Bank means, in respect of any Bid Loan, the Bank making
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Related to Bid Loan Bank

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

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Swing Line Bank has the meaning specified in the recital of parties to this Agreement.

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

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Swing Lender means Xxxxx Fargo or any other Lender that, at the request of Borrowers and with the consent of Agent agrees, in such Lender’s sole discretion, to become the Swing Lender under Section 2.3(b) of the Agreement.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • L/C Lender a Lender with an L/C Commitment.