Loan Repurchases. (a) Subject to the terms and conditions set forth or referred to below, the Borrower may from time to time, at its discretion, conduct modified Dutch auctions in order to purchase its Term Loans of one or more Classes (as determined by the Borrower) (each, a “Purchase Offer”), each such Purchase Offer to be managed by a financial institution chosen by the Borrower and reasonably acceptable to the Administrative Agent (in such capacity, the “Auction Manager” (it being understood that the Administrative Agent shall be under no obligation to act as Auction Manager)), so long as the following conditions are satisfied:
Appears in 8 contracts
Samples: Credit Agreement (Donnelley Financial Solutions, Inc.), Credit Agreement (RR Donnelley & Sons Co), Credit Agreement (Donnelley Financial Solutions, Inc.)
