Example ContractsClausesauctionsVariants
Auctions
Auctions contract clause examples

Notwithstanding anything to the contrary contained in this Section 10.06 or any other provision of this Agreement, any Lender may assign all or any portion of its Term Loans to the Parent Borrower through # Dutch auctions open to all Lenders on a pro rata basis in accordance with the provisions described in Section 2.13(a[[SunTrustTruist Bank:Organization]](iv[[SunTrustTruist Bank:Organization]] or (y[[SunTrustTruist Bank:Organization]] notwithstanding Sections 2.13, 2.14 and 10.04, open market purchases on a non-pro rata basis; provided that in connection with assignments pursuant to clause (y[[SunTrustTruist Bank:Organization]]:

Any Lender may, so long as no Event of Default has occurred and is continuing, at any time, assign all or a portion of its rights and obligations with respect to Term Loans under this Agreement to the Borrower or any Subsidiary of the Borrower through # Dutch auctions or other offers to purchase open to all Lenders on a pro rata basis in accordance with procedures of the type described in [Section 2.05(1)(e) or (y)])] open market purchases on a non-pro rata basis; provided that:

Notwithstanding anything to the contrary contained herein, any Lender may, at any time, assign all or a portion of its rights and obligations under this Agreement in respect of its Term Loans to any Affiliated Lender on a non-pro rata basis # through Dutch Auctions open to all Lenders holding the relevant Term Loans on a pro rata basis or # through open market purchases, in each case with respect to clauses (A) and (B), without the consent of the Administrative Agent; provided that:

Any Lender may, at any time, assign all or a portion of its rights and obligations under this Agreement to a Person who is or will become, after such assignment, the Borrower or an Affiliated Lender through # Dutch auctions open to all Lenders in accordance with procedures of the type described in [Section 2.03(a)(iv) or (y)])] open market purchase on a non-pro rata basis, in each case subject to the following limitations:

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.