Form of Competitive Clause Samples
The "Form of Competitive" clause defines the structure and requirements for conducting a competitive process, such as bidding or tendering, within a contract. It typically outlines the procedures parties must follow to solicit and evaluate offers, including the format for submissions, criteria for selection, and timelines for responses. By establishing clear rules for competition, this clause ensures fairness and transparency in the selection process, helping to prevent disputes and promote the best value for the contracting party.
Form of Competitive. Bid Request ------------------------------- EXHIBIT D [FORM OF COMPETITIVE BID] Competitive Bid [______________, 20__] The Chase Manhattan Bank, as Administrative Agent Loan and Agency Services Group 1 Chase Manhattan Plaza 8th Floor New York, New York 10081 A▇▇▇▇▇▇▇▇: ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇: ▇▇▇▇▇▇▇ce is made to the 364-Day Credit Agreement dated as of October 23, 2000 (as amended, supplemented and otherwise modified and in effect from time to time, the "Credit Agreement"), among Newell Rubbermaid Inc., a Delaware corporation, the Lenders ▇▇▇▇▇ thereto and The Chase Manhattan Bank, as Administrative Agent. Terms used but not defined herein have the respective meanings given to such terms under the Credit Agreement. This Competitive Bid is being delivered to the Administrative Agent pursuant to Section 2.03(c) of the Credit Agreement. In response to the Competitive Bid Request of the Company dated [_______, 200_], the undersigned hereby submits, as provided in Section 2.03(c) of the Credit Agreement, Competitive Bid(s) for the proposed Competitive Borrowing(s) described below: Borrowing Interest Borrower Date Currency Amount* Type** Period*** Rate**** -------- -------- -------- ------- ------ --------- -------- __________________ * Each amount must be per Section 2.03(c)(ii) or an integral multiple of $1,000,000 or the Foreign Currency Equivalent thereof. ** Insert either "Margin" (in the case of Competitive LIBOR Loans) or "Rate" (in the case of Set Rate Loans). *** 1, 2, 3 or 6 months (in the case of a Competitive LIBOR Loan) or a period of up to 180 days after the making of the Loan the last day of which is a Business Day (in the case of a Set Rate Loan). Form of Competitive Bid -----------------------
Form of Competitive. Bid Accept/Reject Letter Schedule 2.3(i)............ Form of Competitive Note Schedule 3.2...............
Form of Competitive. Bid Form of Competitive Bid
Form of Competitive. Bid Request Schedule 2.3(b)-2....
Form of Competitive. Bid Quote
Form of Competitive. Bid ----------------------- EXHIBIT E-1 [FORM OF DESIGNATION LETTER] [Date] To The Chase Manhattan Bank, as Administrative Agent Loan and Agency Services Group 1 Chase Manhattan Plaza 8th Floor New York, New York 10081 A▇▇▇▇▇▇▇▇: