Common use of Proration Procedures Clause in Contracts

Proration Procedures. All Term Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids at the Applicable Threshold Price will be purchased at the Applicable Threshold Price; provided that if the aggregate principal amount of all Term Loans of the applicable Class(es) for which Qualifying Bids have been submitted in any given Auction Purchase Offer at the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term Loans of the applicable Class(es) to be purchased at prices below the Applicable Threshold Price), the applicable Purchasing Borrower Party shall purchase such Loans ratably based on the relative principal amounts offered by each Lender in an aggregate amount equal to the amount necessary to complete the purchase of the Auction Amount. No Return Bids or any component bid thereof will be accepted above the Applicable Threshold Price.

Proration Procedures. All Term Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids at the Applicable Threshold Price will be purchased at the Applicable Threshold Price; provided that if the aggregate principal amount (calculated on the face amount thereof) of all Term Loans of the applicable Class(es) for which Qualifying Bids have been submitted in any given Auction Purchase Offer at the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term Loans of the applicable Class(es) to be purchased at prices below the Applicable Threshold Price), the applicable Purchasing Borrower Party shall purchase such the Term Loans for which the Qualifying Bids submitted were at the Applicable Threshold Price ratably based on the relative respective principal amounts offered by each Lender and in an aggregate amount equal to the amount necessary to complete the purchase of the Auction Amount. No Return Bids or any component bid thereof will be accepted above the Applicable Threshold PricePrice (as defined below).

Proration Procedures. All Term B Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids at the Applicable Threshold Price will be purchased prepaid at the Applicable Threshold Price; provided that if the aggregate principal amount (calculated on the face amount thereof) of all Term B Loans of the applicable Class(es) tranche for which Qualifying Bids have been submitted in any given Auction Purchase Offer at the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term B Loans of the applicable Class(es) tranche to be purchased prepaid at prices below the Applicable Threshold Price), the Borrower shall prepay the Term B Loans of the applicable Purchasing Borrower Party shall purchase such Loans tranche for which the Qualifying Bids submitted were at the Applicable Threshold Price ratably based on the relative respective principal amounts offered by each Lender and in an aggregate amount equal to the amount necessary to complete the purchase prepayment of the Auction Amount. No Return Bids or any component bid thereof will be accepted above the Applicable Threshold Price.

Proration Procedures. All Term Loans of the relevant tranche offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Qualified Bids at or lower than the Applicable Threshold Price will be purchased at the Applicable Threshold Priceapplicable Reply Price up to the Auction Amount; provided that if the aggregate principal amount of all Term Loans of the applicable Class(es) for which Qualifying Bids have been submitted in any given Auction Purchase Offer at or lower than the Applicable Threshold Price would exceed the remaining portion of Auction Amount, then the Auction Amount (after deducting all applicable Credit Party shall purchase the Term Loans of tendered by the applicable Class(es) to be purchased at prices Lenders below the Applicable Threshold Price)Price first, and then to the applicable Purchasing Borrower extent of the remaining amounts under the Auction Amount, such Credit Party shall will purchase such the Term Loans tendered by the Lenders at the Applicable Threshold Price ratably based on the relative respective principal amounts offered by each Lender and in an aggregate amount equal up to the amount necessary to complete the purchase of the Auction Amount. No Return Bids (or any component bid thereof thereof) will be accepted above the Applicable Threshold Price.

Proration Procedures. All Term B Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids at the Applicable Threshold Price will be purchased prepaid at the Applicable Threshold Price; provided that if the aggregate principal amount (calculated on the face amount thereof) of all Term B Loans of the applicable Class(es) Class for which Qualifying Bids have been submitted in any given Auction Purchase Offer at the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term B Loans of the applicable Class(es) Class to be purchased prepaid at prices below the Applicable Threshold Price), the Borrower shall prepay the Term B Loans of the applicable Purchasing Borrower Party shall purchase such Loans Class for which the Qualifying Bids submitted were at the Applicable Threshold Price ratably based on the relative respective principal amounts offered by each Lender and in an aggregate amount equal to the amount necessary to complete the purchase prepayment of the Auction Amount. No Return Bids or any component bid thereof will be accepted above the Applicable Threshold Price.

Proration Procedures. All Term Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids at the Applicable Threshold Price will be purchased at the Applicable Threshold Price; provided that if the aggregate principal amount of all Term Loans of the applicable Class(es) for which Qualifying Bids have been submitted in any given Auction Purchase Offer at the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term Loans of the applicable Class(es) to be purchased at prices below the Applicable Threshold Price), the applicable Purchasing Borrower Company Party shall purchase such Loans ratably based on the relative principal amounts offered by each Lender in an aggregate amount equal to the amount necessary to complete the purchase of the Auction Amount. No Return Bids or any component bid thereof will be accepted above the Applicable Threshold Price.

Proration Procedures. All Term Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids at the Applicable Threshold Price will be purchased at the Applicable Threshold Price; provided that if the aggregate principal amount of all Term Loans of the applicable Class(es) for which Qualifying Bids have been submitted in any given Auction Purchase Offer at the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term Loans of the applicable Class(es) to be purchased at prices below the Applicable Threshold Price), the applicable Purchasing Borrower Party shall purchase such Loans ratably based on the relative principal amounts offered by each Lender in an aggregate amount equal to the amount necessary to complete the purchase of the Auction Amount. No Return Bids or any component bid thereof will be accepted above the Applicable Threshold Price.