Common use of Competitive Bid Requests Clause in Contracts

Competitive Bid Requests. Each Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 a.m. (A) with respect to a request for a Eurodollar Competitive Bid Loan, on a Business Day four Business Days prior to the date of a requested Eurodollar Competitive Bid Loan and (B) with respect to a request for an Absolute Rate Competitive Bid Loan, on a Business Day not less than one nor more than five Business Days prior to the date of the requested Absolute Rate Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b)(ii), shall be accompanied by the Competitive Bid Request Fee and shall specify (I) the date of the requested Competitive Bid Loan (which shall be a Business Day), (II) the amount of the requested Competitive Bid Loan, (III) whether such Borrower is requesting a Eurodollar Competitive Bid Loan or an Absolute Rate Competitive Bid Loan and (IV) the applicable Interest Period or Interest Periods requested. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. Such Borrower may not request a Competitive Bid for more than three different Interest Periods per Competitive Bid Request nor request Competitive Bid Requests more frequently than four times every calendar month.

Competitive Bid Requests. Each Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 a.m. (A) with respect to a request for a Eurodollar Competitive Bid Loan, on a Business Day four Business Days prior to the date of a requested Eurodollar Competitive Bid Loan and (B) with respect to a request for an Absolute Rate Competitive Bid Loan, on a Business Day not less than one nor more than five Business Days prior to the date of the requested Absolute Rate Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b)(ii2.1(b), shall be accompanied by the Competitive Bid Request Fee and shall specify (I) the date of the requested Competitive Bid Loan (which shall be a Business Day), (II) the amount of the requested Competitive Bid Loan, (III) whether such Borrower is requesting a Eurodollar Competitive Bid Loan or an Absolute Rate Competitive Bid Loan and (IV) the applicable Interest Period or Interest Periods requested. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. Such Borrower may not request a Competitive Bid for more than three different Interest Periods per Competitive Bid Request nor request Competitive Bid Requests more frequently than four times every calendar month.

Competitive Bid Requests. Each A Borrower may solicit Competitive Bids by ------------------------ delivery of a Competitive Bid Request substantially in the form of Schedule VA-1 ------------- to the Administrative Agent by 10:00 a.m. 12:00 Noon (ACharlotte, North Carolina time) with respect to a request for a Eurodollar Competitive Bid Loan, on a Business Day not less than one (1) nor more than four (4) Business Days prior to the date of a requested Eurodollar Competitive Bid Loan and (B) with respect to a request for an Absolute Rate Competitive Bid Loan, on a Business Day not less than one nor more than five Business Days prior to the date of the requested Absolute Rate Competitive Bid Loanborrowing. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b)(ii), shall be accompanied by the Competitive Bid Request Fee and shall specify (Ii) the date of the requested Competitive Bid Loan borrowing (which shall be a Business Day), (IIii) the amount of the requested Competitive Bid Loan, (III) whether such Borrower is requesting a Eurodollar Competitive Bid Loan or an Absolute Rate Competitive Bid Loan borrowing and (IViii) the applicable Interest Period or Interest Periods requestedrequested and shall be accompanied by payment of the Competitive Bid Request Fee. The Administrative Agent shall notify the Lenders of shall, promptly following its receipt of a Competitive Bid Request under this subsection (b), notify the Lenders of its receipt and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. Such A form of such notice is provided in Schedule VA-2. No more than two (2) Competitive Bid ------------- Requests (e.g., a Borrower may not request a Competitive Bid Bids for no more than three two (2) different Interest Periods per Competitive Bid Request nor request at a time) shall be submitted at any one time and Competitive Bid Requests may be made no more frequently than four times once every calendar monthfive (5) Business Days.

Competitive Bid Requests. Each The Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 a.m. (A) with respect to a request for a Eurodollar Competitive Bid Loan, on a Business Day four Business Days prior to the date of a requested Eurodollar Competitive Bid Loan and (B) with respect to a request for an Absolute Rate Competitive Bid Loan, a.m. on a Business Day not less than one nor more than five Business Days prior to the date of the requested Absolute Rate Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b)(ii), shall be accompanied by the Competitive Bid Request Fee 2.1(b) and shall specify (IA) the date of the requested Competitive Bid Loan (which shall be a Business Day), (IIB) the aggregate amount of the requested Competitive Bid Loan, (III) whether such Borrower is requesting a Eurodollar Competitive Bid Loan or an Absolute Rate Competitive Bid Loan and (IVC) the applicable Interest Period or Interest Periods requested, (D) the maturity date for repayment of the requested Competitive Bid Loan (which Maturity Date may not be earlier than the date occurring seven days after the date on which such requested Competitive Bid Loan is to be made and no later than the Maturity Date) and (E) other terms (if any) and must be accompanied by the Competitive Bid Fee. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. Such The Borrower may not request a Competitive Bid for more than three different Interest Periods per Competitive Bid Request nor request and Competitive Bid Requests may be made no more frequently than four times every calendar month.

Competitive Bid Requests. Each Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request to the Administrative Agent by 10:00 a.m. a.m. (A) with respect to a request for a Eurodollar Competitive Bid Loan, on a Business Day four Business Days prior to the date of a requested Eurodollar Competitive Bid Loan and (B) with respect to a request for an Absolute Rate Competitive Bid Loan, on a Business Day not less than one nor more than five Business Days prior to the date of the requested Absolute Rate Competitive Bid Loan. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b)(ii), shall be accompanied by the Competitive Bid Request Fee and shall specify (IA) the date of the requested Competitive Bid Loan (which shall be a Business Day), (IIB) the amount of the requested Competitive Bid Loan, (IIIC) whether such Borrower is requesting a Eurodollar Competitive Bid Loan or an Absolute Rate Competitive Bid Loan and (IVD) the applicable Interest Period or Interest Periods requested. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. Such Borrower may not request a Competitive Bid for more than three different Interest Periods per Competitive Bid Request nor request Competitive Bid Requests more frequently than four times every calendar month.

Competitive Bid Requests. Each If the Borrower’s Debt Rating from S&P is BBB- or better and the Borrower’s Debt Rating from M▇▇▇▇’▇ is Baa3 or better, the Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request Request, together with the Competitive Bid Fee, to the Administrative Agent by 10:00 not later than 9:00 a.m. (Ai) with respect one Business Day prior to a request for a Eurodollar the requested borrowing of Competitive Bid Loan, on a Business Day Loans that will be Absolute Rate Bid Loans and (ii) four Business Days prior to the date requested borrowing of a requested Eurodollar Competitive Bid Loan and (B) with respect to a request for an Absolute Rate Competitive Loans that will be Eurodollar Margin Bid Loan, on a Business Day not less than one nor more than five Business Days prior to the date of the requested Absolute Rate Competitive Bid LoanLoans. A Competitive Bid Request must be substantially in the form of Exhibit 2.1(b)(ii), shall be accompanied by the Competitive Bid Request Fee 2.4(b) and shall specify (IA) the date of the requested Competitive Bid Loan (which shall be a Business Day), (IIB) the amount of the requested Competitive Bid LoanLoan (which shall be not less than $2,000,000 and integral multiples of $100,000 in excess thereof), (IIIC) whether such Borrower is requesting a Eurodollar Competitive Bid Loan or an Loans requested shall be Absolute Rate Competitive Bid Loan and Loans or Eurodollar Margin Bid Loans, (IVD) the applicable Interest Period or Interest Periods requestedrequested and (E) certification that the Borrower has complied in all respects with Section 5.2. The Administrative Agent shall notify the Lenders of its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. Such Borrower may not request a Competitive Bid (x) for more than three two different Interest Periods per Competitive Bid Request nor request Competitive Bid Requests Request, (y) more frequently than four times once every calendar monthfive Business Days or (z) for more than one type of Competitive Bid Loan (e.g. the request must be for either Absolute Rate Bid Loans or Eurodollar Margin Bid Loans).