Neiman Marcus 2003 Annual Report Download - page 222

(C) in the case of a LIBOR Auction, the margin above or below the applicable London Interbank
Offered Rate (the "Competitive Bid Margin") offered for each such Competitive Bid Loan, expressed as a
percentage (specified to the nearest 1/10,000th of 1%) to be added to or subtracted from such base rate;
(D) in the case of an Absolute Rate Auction, the rate of interest per annum (specified to the nearest
1/10,000th of 1%) (the "Competitive Bid Absolute Rate") offered for each such Competitive Bid Loan; and
(E) the identity of the quoting Lender. A Competitive Bid Quote may set forth up to five separate
offers by the quoting Lender with respect to each Interest Period specified in the related Invitation for Competitive
Bid Quotes.
(iii) Any Competitive Bid Quote shall be disregarded if it:
(A) is not substantially in conformity with Exhibit E hereto or does not specify all of the information
required by subsection 2.03(d)(ii) above;
(B) contains qualifying, conditional or similar language (except as contemplated by subsection (d)(ii)
(B)(z));
(C) proposes terms other than or in addition to those set forth in the applicable Invitation for
Competitive Bid Quotes (except as contemplated by subsection (d)(ii)(B)(z)); or
(D) arrives after the time set forth in subsection 2.03(d)(i).
(e) Notice to Borrower. The Administrative Agent shall promptly notify the Borrower of the terms of (i) any
Competitive Bid Quote submitted by a Lender that is in accordance with Section 2.03(d) and (ii) any Competitive Bid Quote that
amends, modifies or is otherwise inconsistent with a previous Competitive Bid Quote submitted by such Lender with respect to the
same Competitive Bid Quote Request. Any such subsequent Competitive Bid Quote shall be disregarded by the Administrative Agent
unless such subsequent Competitive Bid Quote is submitted solely to correct a manifest error in such former Competitive Bid Quote.
The Administrative Agent's notice to the Borrower shall specify (A) the aggregate principal amount of Competitive Bid Loans for
which offers have been received for each Interest Period specified in the related Competitive Bid Quote Request, (B) the respective
principal amounts and Competitive Bid Margins or Competitive Bid Absolute Rates, as the case may be, so offered and (C) if
applicable, limitations on the aggregate principal amount of Competitive Bid Loans for which offers in any single Competitive Bid
Quote may be accepted.
(f) Acceptance and Notice by Borrower. Not later than 11:00 A.M. (New York City time) on (x) the third Euro-Dollar
Business Day before the proposed date of Borrowing, in the case of a LIBOR Auction or (y) 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), the Borrower shall notify the Administrative
Agent of its acceptance or non-acceptance of the offers so notified to it pursuant to Section 2.03(e). In the case of acceptance, such
notice (a "Notice of Competitive Bid Borrowing") shall specify the aggregate principal amount of offers for each Interest Period that
are accepted. The Borrower may accept any Competitive Bid Quote in whole or in part; provided that:
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