Common use of Auction Window Clause in Contracts

Auction Window. The Auction Agent shall conduct each Auction exclusively through the Website during the times and dates set for the Auction as disclosed on the Website and applicable Auction Document unless the Auction is extended in accordance with the following sentence (the “Auction Window”). Notwithstanding the foregoing, during the final two (2) minutes of an Auction, if there is a change in the Market-Clearing Price, or a change in the allocation of the Securities, the Auction will automatically be extended two (2) minutes from the time of such change (each occurrence, a “Two-Minute Extension”). In no event will such Two-Minute Extensions extend the Auction more than fifteen (15) minutes beyond the originally specified Auction Period.

Auction Window. The Auction Agent shall conduct each the Auction exclusively through the Website during the times and dates set for the Auction as disclosed on the Website and applicable the Auction Document unless the Auction is extended in accordance with the following sentence (the “Auction Window”). Notwithstanding the foregoing, during the final two (2) minutes of an the Auction, if there is a change in the Market-Clearing Price, or a change in the allocation of the SecuritiesDepositary Shares, the Auction will automatically be extended two (2) minutes from the time of such change (each occurrence, a “Two-Minute Extension”). In no event will such Two-Minute Extensions extend the Auction more than fifteen (15) minutes beyond the originally specified Auction Period.