Neiman Marcus 2003 Annual Report Download - page 221

The Borrower may request offers to make Competitive Bid Loans for more than one Interest Period in a single Competitive Bid Quote
Request. No Competitive Bid Quote Request shall be given within five Euro-Dollar Business Days (or such other number of days as
the Borrower and the Administrative Agent may agree) of any other Competitive Bid Quote Request.
(c) Invitation for Competitive Bid Quotes. Promptly after receiving a Competitive Bid Quote Request, the
Administrative Agent shall send to each of the Lenders an Invitation for Competitive Bid Quotes substantially in the form of Exhibit
D hereto (each, an "Invitation for Competitive Bid Quotes"), which shall constitute an invitation by the Borrower to each Lender 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.
(d) Submission and Contents of Competitive Bid Quotes.
(i) Each Lender to which an Invitation for Competitive Bid Quotes is sent may submit a Competitive Bid
Quote containing an offer or offers to make Competitive Bid Loans in response to any Invitation for Competitive Bid
Quotes. Each Competitive Bid Quote must comply with the requirements of this Section 2.03(d) and must be submitted to
the Administrative Agent by telex or facsimile at its address specified in or pursuant to Section 9.01 not later than (x) 2:00
P.M. (New York City time) on the fourth Euro-Dollar Business Day before the proposed date of Borrowing, in the case of a
LIBOR Auction or (y) 10:00 A.M. (New York City time) on the proposed date of Borrowing, in the case of an Absolute Rate
Auction (or, in either case, such other time or date as the Borrower and the Administrative Agent shall have mutually agreed
and shall have notified to the Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR
Auction or Absolute Rate Auction for which such change is to be effective); provided that Competitive Bid Quotes submitted
by the Administrative Agent (or any affiliate of the Administrative Agent) in the capacity of a Lender may be submitted, and
may only be submitted, if the Administrative Agent or such affiliate notifies the Borrower of the terms of the offer or offers
contained therein not later than (x) one hour before the deadline for the other Lenders, in the case of a LIBOR Auction or (y)
15 minutes before the deadline for the other Lenders, in the case of an Absolute Rate Auction. Subject to Articles 3 and 6,
any Competitive Bid Quote so made shall not be revocable except with the written consent of the Administrative Agent given
on the instructions of the Borrower.
(ii) Each Competitive Bid Quote shall be substantially in the form of Exhibit E hereto and shall in any case
specify: (A) the proposed date of Borrowing;
(B) the principal amount of the Competitive Bid Loan for which each such offer is being made,
which principal amount (w) may be greater than or less than the Commitment of the quoting Lender, (x) must be
$5,000,000 or a larger integral multiple of $1,000,000, (y) may not exceed the principal amount of Competitive Bid
Loans for which offers were requested and (z) may be subject to an aggregate limitation as to the principal amount
of Competitive Bid Loans for which offers being made by such quoting Lender may be accepted;
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