Common use of Offering Procedure Clause in Contracts

Offering Procedure. Each of the Agents shall communicate to the Company, orally or in writing, each offer to purchase Notes (other than those offers rejected by an Agent as provided herein) on terms previously communicated by the Company to such Agent, and except as otherwise provided in the Procedures, the Company shall have the sole right to accept such offers to purchase Notes and may refuse any proposed purchase of Notes, as a whole or in part, for any reason. Each of the Agents shall have the right, in its discretion reasonably exercised, to reject any proposed purchase of Notes, as a whole or in part, and any such rejection shall not be deemed a breach of its agreement contained herein. Each of the Agents and the Company agree to perform the respective duties and obligations specifically provided to be performed by them in the Procedures.