Competitive Bid Option. In addition to ratable Advances pursuant to SECTION 2.3, but subject to the terms and conditions of this Agreement (including, without limitation the limitation set forth in SECTION 2.1 as to the maximum amount of all Loans not exceeding the Aggregate Commitment), the Borrower may, as set forth in this SECTION 2.14, request the Lenders, prior to the Facility Termination Date, to make offers to make Competitive Bid Loans to the Borrower. Each Lender 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 2.
Appears in 2 contracts
Sources: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust), Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)
Competitive Bid Option. In addition to ratable Advances pursuant to SECTION Section 2.3, but subject to the terms and conditions of this Agreement (including, without limitation the limitation set forth in SECTION Section 2.1 as to the maximum amount of all Loans not exceeding the Aggregate Commitment), the Borrower may, as set forth in this SECTION Section 2.14, request the Lenders, prior to the Facility Termination Date, to make offers to make Competitive Bid Loans to the Borrower. Each Lender 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 Section 2.
Appears in 2 contracts
Sources: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust), Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)
Competitive Bid Option. In addition to ratable Ratable Advances pursuant to SECTION 2.32.2, but subject to the terms and conditions of this Agreement (including, without limitation limitation, the limitation set forth in SECTION 2.1 2.1.2 as to the maximum aggregate principal amount of all Loans not exceeding the Aggregate Commitmentoutstanding Advances hereunder), the each Borrower may, as set forth in this SECTION 2.142.3, request the Lenders, prior to the Facility Termination Date, to make offers to make Competitive Bid Loans Advances to the such Borrower. Each Lender may, but shall have no obligation to, make such offers and the such Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this SECTION 2.
Appears in 1 contract
Sources: 364 Day Credit Agreement (Nationwide Financial Services Inc/)
Competitive Bid Option. In addition to ratable Ratable Advances pursuant to SECTION 2.32.2, but subject to the terms and conditions of this Agreement (including, without limitation limitation, the limitation set forth in SECTION 2.1 2.1.2 as to the maximum aggregate principal amount of all Loans not exceeding the Aggregate Commitmentoutstanding Advances hereunder), the each Borrower may, as set forth in this SECTION 2.142.3, request the Lenders, prior to the Facility Termination Date, to make offers to make Competitive Bid Loans Advances to the such Borrower. Each Lender may, but shall have no obligation to, make such offers and the such Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this SECTION 2.the
Appears in 1 contract
Sources: Credit Agreement (Nationwide Financial Services Inc/)