Assignments of Term Loans to any Purchasing Borrower Party shall be permitted through open market purchases and/or “Dutch auctions”, so long as any offer to purchase or take by assignment (other than through open market purchases) by such Purchasing Borrower Party shall have been made to all Term , so long as # no Default or an Event of Default has occurred and is continuing and # the Term Loans purchased are immediately cancelled pursuant to [Section 9.07(l)].
Assignments of Term Loans to any Purchasing Borrower Party shall be permitted through open market purchases and/or “Dutch auctions”, so long as any offer to purchase or take by assignment (other than through open market purchases) by such Purchasing Borrower Party shall have been made to all Term ,Lenders, so long as # no Default or an Event of Default has occurred and is continuing andcontinuing, # the Term Loans purchased are immediately cancelled pursuantand # no proceeds from any loan under the Revolving Credit Facility shall be used to [Section 9.07(l)].fund such assignments. Purchasing Borrower Parties may not purchase Revolving Loans.
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