Bid Rate Advance definition

Bid Rate Advance means a borrowing consisting of simultaneous Bid Rate Loans to a Global Borrower in the same currency from each of the Syndicated Global Lenders whose offer to make a Bid Rate Loan as part of such borrowing has been accepted by such Global Borrower under the applicable auction bidding procedure described in Section 2.10.

Bid Rate Advance means an Advance the interest rate on which is determined by agreement between the Borrower and the Lender making such Advance pursuant to Section 2.1(c) hereof.

Bid Rate Advance means an Advance made by a Syndicated Lender to Borrower pursuant to the bidding procedure described in Section 2.07.

Examples of Bid Rate Advance in a sentence

• Interest on the outstanding principal amount of Competitive Bid Loans shall be payable on the Stated Maturity Date for each such Competitive Bid Loan; provided, however, that in the case of a Eurodollar Bid Rate Advance having an Interest Period longer than three (3) months, interest accrued on such Eurodollar Bid Rate Advance shall also be payable on the last day of each three-month interval during such Interest Period.

• A loan by a Bank to the Borrower as part of a Bid Rate Advance resulting from the applicable auction bidding procedure described in §2.9. Bid Rate Maximum Amount.

• A loan by a Bank to the Borrower as part of a Bid Rate Advance resulting from the applicable auction bidding procedure described in §2.9. B id Rate Maximum Amount.

• Promptly after each Bid Rate Advance, the Global Administrative Agent will notify each Syndicated Global Lender of the amount of such Bid Rate Advance, the consequent Bid Rate Reduction and the dates upon which such Bid Rate Reduction commenced and will terminate.

• With respect to a request by the Borrower for a Bid Rate Advance, a solicitation in which the Borrower specifies in the Bid Rate Advance Borrowing Notice that the rates of interest to be offered by the Banks shall be absolute rates per annum.A ccountants.

More Definitions of Bid Rate Advance

Bid Rate Advance means a borrowing consisting of simultaneous Bid Rate Loans to the Borrower from each of the Lenders whose offer to make a Bid Rate Loan as part of such borrowing has been accepted by the Borrower under the applicable auction bidding procedure described in SECTION 2.10.

Bid Rate Advance means a borrowing consisting of simultaneous Bid Rate Loans to the Borrower from each of the Lenders whose offer to make a Bid Rate Loan as part of such borrowing has been accepted by the Borrower under the applicable auction bidding procedure described in Section 2.10.

Bid Rate Advance means an Advance made pursuant to Section 2.1(c) ---------------- -------------- hereof.

Bid Rate Advance shall have the meaning specified in Section 1.01(b).

Bid Rate Advance means a borrowing consisting of simultaneous Bid Rate Loans to a Global Borrower in the same currency from each of the Syndicated Global Lenders whose offer to make a Bid Rate Loan as part of such borrowing has been accepted by such Global Borrower under theapplicable auction bidding procedure described in S ection 2.10.

Bid Rate Advance means any Advance hereunder that bears interest ---------------- based on the Bid Rate.

Bid Rate Advance means a request for and Advance ---------------- ---------------- under the Note with an interest rate negotiated by and between Borrower and Lender (in Lender's sole and absolute discretion) under the terms hereof and under the Note.