Additional Procedures. (i) Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 49 contracts
Samples: Credit Agreement (Ceridian HCM Holding Inc.), Lease I Agreement (Bowlero Corp.), First Lien Credit Agreement (Ranpak Holdings Corp.)
Additional Procedures. (i) Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 19 contracts
Samples: Credit Agreement (SB/RH Holdings, LLC), Bridge Loan Agreement (Cano Health, Inc.), First Lien Credit Agreement (Victoria's Secret & Co.)
Additional Procedures. (i) Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed AuctionAuction or one or more conditions or contingencies have not been satisfied (or waived by the Auction Party). Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 8 contracts
Samples: Credit Agreement (Hillman Solutions Corp.), First Lien Credit Agreement (Hayward Holdings, Inc.), First Amendment Agreement (Ecovyst Inc.)
Additional Procedures. (iA) Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 2 contracts
Samples: Credit Agreement (Royalty Pharma PLC), Credit Agreement (Royalty Pharma PLC)
Additional Procedures. (i) Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed AuctionAuction (other than with the reasonable consent of the Auction Agent). Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Waystar Holding Corp.), Intercreditor Agreement (Certara, Inc.)
Additional Procedures. (i) Once i)Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 1 contract
Additional Procedures. (i) 1. Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 1 contract
Additional Procedures. (i) Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be NY\6497185.2 Exhibit 10.1 obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 1 contract
Samples: Credit Agreement (Orion S.A.)
Additional Procedures. (i) Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed AuctionAuction or one or more conditions or -29- contingencies have not been satisfied (or waived by the Auction Party). Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 1 contract
Samples: First Lien Credit Agreement (Hayward Holdings, Inc.)
Additional Procedures. (i) Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated [[56622096068574]] to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price.
Appears in 1 contract
Samples: First Lien Credit Agreement (Victoria's Secret & Co.)
