SALE, DISPOSITION OR CAPITAL RESTRUCTURING PROPOSALS Sample Clauses

SALE, DISPOSITION OR CAPITAL RESTRUCTURING PROPOSALS. Borrowers shall not enter into any agreement restricting in any way their ability to pursue sale, disposition, capital restructuring, or refinancing options unless: (A) Borrowers have received a written opinion of the Lead Investment Banker to the effect that, based on a documented process of soliciting bona fide proposals from qualified bidders (whose qualifications have been verified), such agreement (x) constitutes a favorable proposal for Borrowers, (y) is sufficient to satisfy on a timely basis the Debt in full, and (z) is not subject to any conditions the timely satisfaction of which is not anticipated, and (B) a copy of the agreement has been provided to Agent and Lenders and such agreement provides for the satisfaction in full of the Debt within not more than thirty (30) days from the date of execution thereof.