Example ContractsClausesdutch auctionIdentical
Dutch Auction
Dutch Auction contract clause examples

Notwithstanding anything to the contrary contained in this Agreement or any other Credit Document, Holdings, Lead Borrower or any Restricted Subsidiary may, at any time and from time to time, conduct reverse Dutch auctions in order to purchase Term Loans of a particular Tranche (each, an “Auction”) (each such Auction to be managed exclusively by the Administrative Agent or any other bank or investment bank of recognized standing selected by Lead Borrower (with the consent of the Administrative Agent or such other bank or investment bank) following consultation with the Administrative Agent (in such capacity, the “Auction Manager”)), so long as the following conditions are satisfied:

VERRA MOBILITY Corp (VRRM) (CIK 0001682745)
Source: SEC EDGAR database • Date: February 25, 2020 • SIC: 4700 • CIK: 4700
VERRA MOBILITY Corp (VRRM) (CIK 0001682745)
Source: SEC EDGAR database • Date: March 29, 2021 • SIC: 4700 • CIK: 4700

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