Competitive Bid Quote Request. When the Borrower wishes to request offers to make Competitive Bid Loans under this Section, the Borrower shall transmit to the Administrative Agent by telex or facsimile transmission a Competitive Bid Quote Request substantially in the form of EXHIBIT H hereto so as to be received not later than 10:30 A.M. (New York City time) on the fourth (4th) Business Day prior to the date of Borrowing proposed therein (or such other time or date as the Borrower and the Administrative Agent shall have mutually agreed and shall have notified to the Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction for which such change is to be effective) specifying: (i) the proposed date of Borrowing, which shall be a Business Day; (ii) the aggregate amount of such Borrowing, which shall be $20,000,000 or a larger multiple of $1,000,000 (which shall not exceed the Revolving Credit Availability); (iii) the duration of the Eurodollar Interest Period applicable thereto, subject to the provisions of Section 5.2(b); and (iv) the amount of all Competitive Bid Loans then outstanding (which, together with the requested Borrowing shall not exceed, in the aggregate, fifty percent (50%) of the Maximum Revolving Credit Amount). The Borrower may request offers to make Competitive Bid Loans for one, two or three Eurodollar Interest Periods in a single Competitive Bid Quote Request. Borrower may not make more than two (2) Competitive Bid Quote Requests in any thirty (30) day period.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Operating Partnership Lp)
Competitive Bid Quote Request. When the Borrower wishes Borrowers wish to request offers to make Competitive Bid Loans under this SectionSection 2.2, the Borrower Borrowers shall transmit to the Administrative Agent by telex or facsimile transmission a Competitive Bid Quote Request substantially in the form of EXHIBIT H Exhibit 2.2(b) hereto so as to be received not later than 10:30 A.M. (New York City time) on the fourth (4th) Business Day prior to the date of Borrowing borrowing proposed therein (or such other time or date as the Borrower Borrowers and the Administrative Agent shall have mutually agreed and shall have notified to the Revolving Loan Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction for which such change is to be effective) specifying:
(i) the proposed date of Borrowingthe requested Competitive Bid Loan, which shall be a Business Day;
(ii) the aggregate amount of such BorrowingCompetitive Bid Loan, which shall be $20,000,000 5,000,000 or a larger multiple of $1,000,000 (which shall not exceed the Revolving Credit Availability);
(iii) the duration of the Eurodollar Interest Period applicable thereto, subject to the provisions of Section 5.2(b); and
(iv) the amount of all Competitive Bid Loans then outstanding (which, together with the requested Borrowing Competitive Bid Loans shall not exceed, in the aggregate, fifty percent (50%) of the Maximum Revolving Credit Committed Amount). The Borrower Borrowers may request offers to make Competitive Bid Loans for one, two or three Eurodollar Interest Periods in a single Competitive Bid Quote Request. Borrower Borrowers may not make more than two four (24) Competitive Bid Quote Requests in any thirty (30) day period.
Appears in 1 contract
Sources: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.)
Competitive Bid Quote Request. When the Borrower wishes Borrowers wish to request offers to make Competitive Bid Loans under this SectionSection 2.2, the Borrower Borrowers shall transmit to the Administrative Agent by telex or facsimile transmission a Competitive Bid Quote Request substantially in the form of EXHIBIT H Exhibit 2.2(b) hereto so as to be received not later than 10:30 A.M. (New York City time) on the fourth (4th) Business Day prior to the date of Borrowing borrowing proposed therein (or such other time or date as the Borrower Borrowers and the Administrative Agent shall have mutually agreed and shall have notified to the Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction for which such change is to be effective) specifying:
(i) the proposed date of Borrowingthe Loan, which shall be a Business Day;
(ii) the aggregate amount of such BorrowingLoan, which shall be $20,000,000 5,000,000 or a larger multiple of $1,000,000 (which shall not exceed the Revolving Credit Availability);
(iii) the duration of the Eurodollar Interest Period applicable thereto, subject to the provisions of Section 5.2(b); and
(iv) the amount of all Competitive Bid Loans then outstanding (which, together with the requested Borrowing Competitive Bid Loans shall not exceed, in the aggregate, fifty percent (50%) of the Maximum Revolving Credit Committed Amount). The Borrower Borrowers may request offers to make Competitive Bid Loans for one, two or three Eurodollar Interest Periods in a single Competitive Bid Quote Request. Borrower Borrowers may not make more than two four (24) Competitive Bid Quote Requests in any thirty (30) day period.
Appears in 1 contract
Sources: Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa)
Competitive Bid Quote Request. When the Borrower wishes Borrowers wish to request offers to make Competitive Bid Loans under this SectionSection 2.2, the Borrower Borrowers shall transmit to the Administrative Agent by telex or facsimile transmission a Competitive Bid Quote Request substantially in the form of EXHIBIT H Exhibit 2.2(b) hereto so as to be received not later than 10:30 A.M. (New York City time) on the fourth (4th) Business Day prior to the date of Borrowing borrowing proposed therein (or such other time or date as the Borrower Borrowers and the Administrative Agent shall have mutually agreed and shall have notified to the Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction for which such change is to be effective) specifying:
(i) the proposed date of Borrowingthe requested Competitive Bid Loan, which shall be a Business Day;
(ii) the aggregate amount of such BorrowingCompetitive Bid Loan, which shall be $20,000,000 5,000,000 or a larger multiple of $1,000,000 (which shall not exceed the Revolving Credit Availability);
(iii) the duration of the Eurodollar Interest Period applicable thereto, subject to the provisions of Section 5.2(b); and
(iv) the amount of all Competitive Bid Loans then outstanding (which, together with the requested Borrowing Competitive Bid Loans shall not exceed, in the aggregate, fifty percent (50%) of the Maximum Revolving Credit Committed Amount). The Borrower Borrowers may request offers to make Competitive Bid Loans for one, two or three Eurodollar Interest Periods in a single Competitive Bid Quote Request. Borrower Borrowers may not make more than two four (24) Competitive Bid Quote Requests in any thirty (30) day period.
Appears in 1 contract
Sources: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.)
Competitive Bid Quote Request. When the Borrower wishes to request offers to make Competitive Bid Loans under this Section, the Borrower shall transmit to the Administrative Agent by telex or facsimile transmission a Competitive Bid Quote Request substantially in the form of EXHIBIT H hereto so as to be received not later than 10:30 A.M. (New York City time) on the fourth (4th) Business Day prior to the date of Borrowing proposed therein (or such other time or date as the Borrower and the Administrative Agent shall have mutually agreed and shall have notified to the Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction for which such change is to be effective) specifying:
(i) the proposed date of Borrowing, which shall be a Business Day;
(ii) the aggregate amount of such Borrowing, which shall be $20,000,000 or a larger multiple of $1,000,000 (which shall not exceed the Revolving Credit Availability);
(iii) the duration of the Eurodollar Interest Period applicable thereto, subject to the provisions of Section 5.2(b); and
(iv) the amount of all Competitive Bid Loans then outstanding (which, together with the requested Borrowing shall not exceed, in the aggregate, fifty percent $287,500,000 (which amount shall be decreased by an amount equal to 50%% of any decrease in the Commitments pursuant to Sections 4.1(b) of the Maximum Revolving Credit Amountor (d))). The Borrower may request offers to make Competitive Bid Loans for one, two or three Eurodollar Interest Periods in a single Competitive Bid Quote Request. Borrower may not make more than two (2) Competitive Bid Quote Requests in any thirty (30) thirty-day period.
Appears in 1 contract
Sources: Credit Agreement (Reckson Operating Partnership Lp)
Competitive Bid Quote Request. When the Borrower wishes Borrowers wish to request offers to make Competitive Bid Loans under this SectionSection 2.2, the Borrower Borrowers shall transmit to the Administrative Agent by telex or facsimile transmission a Competitive Bid Quote Request substantially in the form of EXHIBIT H Exhibit 2.2(b) hereto so as to be received not later than 10:30 A.M. (New York City time) on the fourth (4th) Business Day prior to the date of Borrowing borrowing proposed therein (or such other time or date as the Borrower Borrowers and the Administrative Agent shall have mutually agreed and shall have notified to the Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction for which such change is to be effective) specifying:
(i) the proposed date of Borrowingthe Loan, which shall be a Business Day;
(ii) the aggregate amount of such BorrowingLoan, which shall be $20,000,000 5,000,000 or a larger multiple of $1,000,000 (which shall not exceed the Revolving Credit Availability);
(iii) the duration of the Eurodollar Interest Period applicable thereto, subject to the provisions of Section 5.2(b); and
(iv) the amount of all Competitive Bid Loans then outstanding (which, together with the requested Borrowing Competitive Bid Loans shall not exceed, in the aggregate, fifty forty percent (5040%) of the Maximum Revolving Credit Committed Amount). The Borrower Borrowers may request offers to make Competitive Bid Loans for one, two or three Eurodollar Interest Periods in a single Competitive Bid Quote Request. Borrower Borrowers may not make more than two (2) Competitive Bid Quote Requests in any thirty (30) day period.
Appears in 1 contract
Competitive Bid Quote Request. When the Borrower wishes Borrowers wish to request offers to make Competitive Bid Loans under this SectionSection 2.2, the Borrower Borrowers shall transmit to the Administrative Agent by telex or facsimile transmission a Competitive Bid Quote Request substantially in the form of EXHIBIT H Exhibit 2.2(b) hereto so as to be received not later than 10:30 A.M. (New York City time) on the fourth (4th) Business Day prior to the date of Borrowing borrowing proposed therein (or such other time or date as the Borrower Borrowers and the Administrative Agent shall have mutually agreed and shall have notified to the Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction for which such change is to be effective) specifying:
(i) the proposed date of Borrowingthe Loan, which shall be a Business Day;
(ii) the aggregate amount of such BorrowingLoan, which shall be $20,000,000 5,000,000 or a larger multiple of $1,000,000 (which shall not exceed the Revolving Credit Availability);
(iii) the duration of the Eurodollar Interest Period applicable thereto, subject to the provisions of Section 5.2(b); and
(iv) the amount of all Competitive Bid Loans then outstanding (which, together with the requested Borrowing Competitive Bid Loans shall not exceed, in the aggregate, fifty percent (50%) of the Maximum Revolving Credit Committed Amount). The Borrower Borrowers may request offers to make Competitive Bid Loans for one, two or three Eurodollar Interest Periods in a single Competitive Bid Quote Request. Borrower Borrowers may not make more than two (2) Competitive Bid Quote Requests in any thirty (30) day period.
Appears in 1 contract
Sources: Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa)
Competitive Bid Quote Request. When the Borrower wishes Borrowers wish to request offers to make Competitive Bid Loans under this SectionSection 2.2, the Borrower Borrowers shall transmit to the Administrative Agent by email, telex or facsimile transmission a Competitive Bid Quote Request substantially in the form of EXHIBIT H Exhibit 2.2(b) hereto so as to be received not later than 10:30 A.M. (New York City time) on the fourth (4th) Business Day prior to the date of Borrowing borrowing proposed therein (or such other time or date as the Borrower Borrowers and the Administrative Agent shall have mutually agreed and shall have notified to the Revolving Loan Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction for which such change is to be effective) specifying:
(i) the proposed date of Borrowingthe requested Competitive Bid Loan, which shall be a Business Day;
(ii) the aggregate amount of such BorrowingCompetitive Bid Loan, which shall be $20,000,000 5,000,000 or a larger multiple of $1,000,000 (which shall not exceed the Revolving Credit Availability);
(iii) the duration of the Eurodollar Interest Period applicable thereto, subject to the provisions of Section 5.2(b); and
(iv) the amount of all Competitive Bid Loans then outstanding (which, together with the requested Borrowing Competitive Bid Loans shall not exceed, in the aggregate, fifty percent (50%) of the Maximum Revolving Credit Committed Amount). DB1/ 97661265.5 The Borrower Borrowers may request offers to make Competitive Bid Loans for one, two or three Eurodollar Interest Periods in a single Competitive Bid Quote Request. Borrower Borrowers may not make more than two four (24) Competitive Bid Quote Requests in any thirty (30) day period.
Appears in 1 contract
Sources: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.)