Invitation for Competitive Bid Quotes. Promptly upon receipt of a Competitive Bid Quote Request, the Administrative Agent shall send to the Revolving Loan Lenders by email, telex or facsimile transmission an Invitation for Competitive Bid Quotes substantially in the form of [Exhibit 2.2](c) hereto, which shall constitute an invitation by the Borrowers to each Revolving Loan [[Organization A:Organization]] to submit Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid Quote Request relates in accordance with this Section.
“Invitation for Competitive Bid Quotes” means an Invitation for Competitive Bid Quotes substantially in the form of [Exhibit 2.2](c).
EXHIBIT # -- Invitation for Competitive Bid Quotes
* As specified in the related Invitation for Bid Rate Quotes.
Such Competitive Bid Quotes should offer [a Competitive Bid Margin] [an Absolute Rate].
“Eurocurrency Auction” means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Margins pursuant to [Section 2.4].
“Benchmark Auction” means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Margins pursuant to [Section 2.4].
whether the Competitive Bid Quotes requested are to set forth a Competitive Bid Margin or an Absolute Rate, or both;
The Borrowers hereby request that the Administrative Agent obtain Competitive Bid Quotes for a Competitive Bid Loan based upon the following:
“Absolute Rate Auction” means a solicitation of Competitive Bid Quotes setting forth Absolute Rates pursuant to [Section 2.4].
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