Common use of Competitive Bid Option Clause in Contracts

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.1.2 (a) as to the maximum aggregate principal amount of all outstanding Advances and Facility Letter of Credit Obligations hereunder and the limitation in Section 2.1.2(b) as to the maximum aggregate amount of all outstanding Competitive Bid Advances), the Borrower may, as set forth in this Section 2.3, request the Lenders, prior to the Facility Termination Date, to make offers to make Competitive Bid Advances to the Borrower. Each Lender may, but shall have no obligation to, make any such offer in the manner set forth in this Section 2.3.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.1.2 (a) 2.1.2 as to the maximum aggregate principal amount of all outstanding Advances and Facility Letter of Credit Obligations hereunder and the limitation in Section 2.1.2(b) as hereunder), prior to the maximum aggregate amount of all outstanding Competitive Bid Advances), Termination Date the Borrower may, as set forth in this Section 2.3, request the Lenders, prior to the Facility Termination Date, Lenders to make offers to make Competitive Bid Advances 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 offer offers in the manner set forth in this Section 2.3.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.1.2 (a) as to the maximum aggregate principal amount of all outstanding Advances and Facility Letter of Credit Obligations hereunder and the limitation in Section 2.1.2(b) as to the maximum aggregate amount of all outstanding Competitive Bid Advances), the Borrower may, as set forth in this Section 2.3, request the Lenders, prior to the Facility Termination Date, to make offers to make Competitive Bid Advances to the Borrower. Each Lender may, but shall have no obligation to, make any such offer in the manner set forth in this Section 2.32.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.1.2 (a) 2.1.2 as to the maximum aggregate principal amount of all outstanding Advances Credit Extensions hereunder), and Facility Letter of Credit Obligations hereunder and provided further that the limitation in Section 2.1.2(b) Borrower's Unsecured Debt Rating is at least BBB- or greater or Baa3 or greater, as to assigned by the maximum aggregate amount of all outstanding Competitive Bid Advances)applicable Rating Agencies, the Borrower may, as set forth in this Section 2.3, request the Lenders, prior to the Facility Termination Date, to make offers to make Competitive Bid Advances 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 offer offers in the manner set forth in this Section 2.32.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.1.2 (a) as to the maximum aggregate principal amount of all outstanding Advances and Facility Letter of Credit Obligations hereunder and the limitation in Section 2.1.2(b) as to the maximum aggregate amount of all outstanding Competitive Bid Advances), the Borrower theBorrower may, as set forth in this Section 2.3, request the Lenders, prior to the Facility theFacility Termination Date, to make offers to make Competitive Bid Advances to the Borrower. Each Lender may, but shall have no obligation to, make any such offer in the manner set forth in this Section 2.3.

Competitive Bid Option. In addition to Ratable Advances pursuant to Section 2.2, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.1.2 (a) 2.1.2 as to the maximum aggregate principal amount of all outstanding Advances and Facility Letter of Credit Obligations hereunder and the limitation in Section 2.1.2(b) as hereunder), prior to the maximum aggregate amount of all outstanding Competitive Bid Advances), Facility Termination Date the Borrower may, as set forth in this Section 2.3, request the Lenders, prior to the Facility Termination Date, Lenders to make offers to make Competitive Bid Advances 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 offer offers in the manner set forth in this Section 2.32.