The Competitive Bid Option. In addition to the Syndicated Loans permitted to be made hereunder pursuant to §2.1 hereof, the Borrower may, from time to time during the Revolver Period pursuant to the terms of this §2.3, cause the Administrative Agent to request the Lenders to make offers to fund Competitive Bid Loans to the Borrower from time to time prior to the Maturity Date. The Lenders may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept such offers in the manner set forth in this §2.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Staples Inc), Revolving Credit Agreement (Staples Inc)