Designated Bidders Sample Clauses
The 'Designated Bidders' clause defines which parties are authorized to participate in a bidding process under the agreement. Typically, it specifies a list of entities or individuals who are permitted to submit bids, and may outline the criteria or process for designating additional bidders if necessary. This clause ensures that only approved or qualified parties are involved in the bidding, thereby maintaining control over the process and reducing the risk of unauthorized or unqualified participants.
Designated Bidders. Any Bank may designate one Designated Bidder to have a right to offer and make Bid Loans pursuant to SECTION 2.6; PROVIDED, HOWEVER, that (i) no such Bank may make more than one such designation, (ii) each such 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. Upon its receipt of an appropriately completed Designation Agreement executed by a designating Bank and a designee representing that it is a Designated Bidder, the Agent will accept such Designation Agreement and give prompt notice thereof to the Company, whereupon such designation of such Designated Bidder shall become effective and shall become a party to this Agreement as a "Designated Bidder."
Designated Bidders. 67 10.10 Confidentiality......................................... 67 10.11 Set-off................................................. 68 10.12 Notification of Addresses, Lending Offices, Etc.......................................................... 68 10.13 Counterparts............................................ 69 10.14 Severability............................................ 69 10.15
Designated Bidders. 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. Upon its receipt of an appropriately completed Designation Agreement executed by a designating Bid Loan Bank and a designee representing that it is a Designated Bidder, the Agent will accept such Designation Agreement and give prompt notice thereof to the Company, whereupon such designation of such Designated Bidder shall become effective and such Designated Bidder shall become a party to this Agreement as a "Designated Bidder."
Designated Bidders. Any 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) each such Bank making any such designation shall retain the right to make Bid Loans, and (ii) the parties to each such designation shall execute and deliver to the Agent a Designation Agreement. Upon its receipt of an appropriately completed Designation Agreement executed by a designating Bank and a designee representing that it is a Designated Bidder, the Agent will accept such Designation Agreement and give prompt notice thereof to the Company, whereupon such designation of such Designated Bidder shall become effective and shall become a party to this Agreement as a "Designated Bidder."
Designated Bidders. Each Bank may assign to one or more banks or other entities any B Note or B Notes held by it. In addition, each Bank (other than a Designated Bidder) may grant to one or more banks or other entities the right to bid for and to make B Advances as a Bank pursuant to Section 2.03; provided, however, that (i) no such Bank shall be entitled to make more than three such designations, (ii) each such Bank making one or more such designations shall retain the right to make B Advances as a Bank pursuant to Section 2.03, (iii) each such designation shall be subject to the consent of the Borrower, which consent shall not be unreasonably withheld or delayed, and (iv) the parties to each such designation shall execute and deliver to the Agent, for its acceptance and recording in the Register, a Designation Agreement. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Designation Agreement, the designee thereunder shall be a party hereto with the right to make B Advances as a Bank pursuant to Section 2.03 and the obligations related thereto.
Designated Bidders. 52 SECTION 9.10. Governing Law................................................................................53 SECTION 9.11. Execution in Counterparts....................................................................53 SECTION 9.12. Indemnification..............................................................................53 SECTION 9.13.
Designated Bidders. 108 12.10 Confidentiality. . . . . . . . . . . . . . . . . . . . . . . . . . 108 12.11 Set-off. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109 12.12 Notification of Addresses of Lending Offices, Etc. . . . . . . . . 110 12.13 Counterparts . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 12.14 Severability . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 12.15
Designated Bidders. (i) Each Lender (other than the Designated Bidders) may designate one or more banks or other entities to have a right to make Competitive Bid Advances as a Lender pursuant to Section 2.03; provided, however, that (i) no such Lender shall be entitled to make more than two such designations, (ii) each such Lender making one or more of such designations shall retain the right to make Competitive Bid Advances as a Lender pursuant to Section 2.03, (iii) each such designation shall be to a Designated Bidder and (iv) the parties to each such designation shall execute and deliver to the Agent, for its acceptance and recording in the Register, a Designation Agreement. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Designation Agreement, the designee thereunder shall be a party hereto with a right to make Competitive Bid Advances as a Lender pursuant to Section 2.03 and the obligations related thereto. Five Year Credit Agreement
(ii) By executing and delivering a Designation Agreement, the Lender making the designation thereunder and its designee thereunder confirm and agree with each other and the other parties hereto as follows: (i) such Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (ii) such Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Borrower or the performance or observance by any Borrower of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such designee confirms that it has received a copy of this Agreement, together with copies of the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Designation Agreement; (iv) such designee will, independently and without reliance upon the Agent, such designating Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such designee confirms that ...
Designated Bidders. 121 11.10 Confidentiality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121 11.11 Set-off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122 11.12 Notification of Addresses of Lending Offices, Etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123 11.13 Counterparts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123 11.14 Severability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123 11.15
Designated Bidders. 104 11.10 Confidentiality....................................................105 11.11 Set-off............................................................105 11.12 Notification of Addresses of Lending Offices, Etc..................106 11.13 Counterparts.......................................................106 11.14 Severability.......................................................106 11.15 No Third Parties Benefited.........................................106 11.16 Governing Law and Jurisdiction.....................................106 11.17 Waiver of Jury Trial...............................................107 11.18 Entire Agreement...................................................107 11.19 Judgment Currency..................................................107 11.20 Consent of Banks...................................................108 11.21 ▇▇▇▇▇▇▇ Page Note Commitments......................................108