Common use of Notice Procedures Clause in Contracts

Notice Procedures. In connection with an Auction, the Borrower will provide notification to the Administrative Agent (for distribution to the relevant Term Lenders) of the Class of Term Loans that will be the subject of the Auction (an “Auction Notice”). Each Auction Notice shall be in a form reasonably acceptable to the Administrative Agent and shall contain (i) the total cash value of the bid, in a minimum amount of $10.0 million with minimum increments of $1.0 million (the “Auction Amount”), and (ii) the discount to par, which shall be a range (the “Discount Range”) of percentages of the par principal amount of the Class of Term Loans at issue that represents the range of purchase prices that could be paid in the Auction.

Notice Procedures. In connection with an Auction, the Borrower will provide notification to the Administrative Agent (for distribution to the relevant Term B Lenders) of the Class of Term B Loans that will be the subject of to the Auction (an “Auction Notice”). Each Auction Notice shall be in a form reasonably acceptable to the Administrative Agent and shall contain (i) the total cash value of the bid, in a minimum amount of $10.0 million with minimum increments of $1.0 million (the “Auction Amount”), and (ii) the discount to par, which shall be a range (the “Discount Range”) of percentages of the par principal amount of the Class of Term B Loans at issue that represents the range of purchase prices that could be paid in the AuctionAuction and (iii) be extended, at the sole discretion of the Borrower, to (x) each Term B Lender and/or (y) each Lender with respect to any Term B Loan of any Class.

Notice Procedures. In connection with an any Auction, the Borrower will Company shall provide notification to the Administrative Agent (for distribution to the relevant Term B-2 Lenders) of the Class portion of the Term Loans B-2 Loan that will be the subject of the Auction (an “Auction Notice”). Each Auction Notice shall be in a form reasonably acceptable to the Administrative Agent and shall contain specify (i) the total cash value of the bid, in a minimum amount of $10.0 million 10,000,000 with minimum increments of $1.0 million 1,000,000 in excess thereof (the “Auction Amount”), and (ii) the discount discounts to par, which shall be expressed as a range (the “Discount Range”) of percentages of the par principal amount of the Class portion of the Term Loans B-2 Loan at issue that represents (the “Discount Range”), representing the range of purchase prices that could be paid in the Auction.