Common use of The Competitive Bid Option Clause in Contracts

The Competitive Bid Option. In addition to Committed Borrowings pursuant to Section 2.01, the Borrower may, as set forth in this Section, request the Revolving Lenders during the Revolving Credit Period to make offers to make Competitive Bid Loans to the

Appears in 1 contract

Sources: Credit Agreement (Martin Marietta Materials Inc)

The Competitive Bid Option. In addition to Committed Loan Borrowings pursuant to Section 2.01, the a Borrower may, as set forth in this Section, request the Revolving Lenders during the Revolving Credit Period to make offers to make Competitive Bid Loans in an Approved Currency or another currency to thesuch Borrower from time to time during the Revolving Credit Period. The Lenders may, but shall have no obligation to, make such offers

Appears in 1 contract

Sources: Credit Agreement (Linde PLC)

The Competitive Bid Option. In addition to Committed Borrowings pursuant to Section 2.012.01(a), the each Borrower may, as set forth in this Section, request the Revolving Lenders during the Revolving Credit Period to make offers to make Competitive Bid Loans to thesuch Borrower from time to time during the Revolving Credit Period. The Lenders may, but shall have no obligation to, make such offers and such Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Sources: Credit Agreement (Consolidated Edison Inc)