Example ContractsClausesbid processVariants
Bid Process
Bid Process contract clause examples

“Competitive Bid Lender” means, as to each Competitive Bid Loan, the Revolving Loan Lender funding such Competitive Bid Loan.

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“Competitive Bid Loan” means a loan made or to be made by a Revolving Loan Lender pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to [Section 3.10]).

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“Competitive Bid Quote” means an offer by a Revolving Loan Lender to make a Competitive Bid Loan in accordance with [Section 2.2(d)].

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