Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.
Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the auction bidding procedure described in Section 2.03.
Examples of Competitive Bid Borrowing in a sentence
Each Competitive Bid Advance shall mature and be due and payable in full on the earlier of (i) (A) the last day of the Interest Period applicable thereto in the case of Competitive Bid Advances that are Adjusted Term SOFR Advances, and (B) the maturity date set forth in the Notice of Competitive Bid Borrowing with respect to Competitive Bid Advances that are Fixed Rate Advances and Adjusted DSS Advances and (ii) the Termination Date.
More Definitions of Competitive Bid Borrowing
Competitive Bid Borrowing has the meaning assigned to such term in Section 2.5(b) hereof.
Competitive Bid Borrowing has the meaning set forth in Section 1.03.
Competitive Bid Borrowing means each borrowing of any Competitive Bid Loan.
Competitive Bid Borrowing shall have the meaning set forth in Section 2.03(b) hereof.
Competitive Bid Borrowing means a borrowing consisting of one or more Competitive Bid Loans made pursuant to section 2.3.
Competitive Bid Borrowing means the borrowing by the Borrower on a single ------------------------- date of any one or more Competitive Bid Loans as to which a single Interest Period is in effect in accordance with the provisions of Section 2.4.