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.

Appears in 11 contracts

Samples: Amendment No. 5 (Worldpay, Inc.), Amendment No. 4 (Vantiv, Inc.), Amendment and Restatement Agreement (Vantiv, Inc.)

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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.

Appears in 4 contracts

Samples: Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp)

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.

Appears in 2 contracts

Samples: Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc)

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 Lenders) Lenders of the Class of Term Loans that will be the subject of the Auction 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 5,000,000 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 of Term Loans at issue that represents (the “Discount Range”), representing the range of purchase prices that could be paid in the Auction.

Appears in 1 contract

Samples: Credit Agreement (IntraLinks Holdings, Inc.)

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 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.

Appears in 1 contract

Samples: Amendment and Restatement Agreement

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Notice Procedures. In connection with an Auction, the Borrower will provide notification to the Administrative Agent (for distribution to the relevant Term applicable Lenders) of the Class of Term Loans or New 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 10,000,000 with minimum increments of $1.0 million 1,000,000 (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 or New Term Loans at issue that represents the range of purchase prices that could be paid in the AuctionAuction and (iii) the date by which Lenders are required to indicate their election to participate in such proposed Discounted Voluntary Prepayment.

Appears in 1 contract

Samples: Term Loan Credit Agreement (CommScope Holding Company, Inc.)

Notice Procedures. In connection with an Auction, the Borrower will provide notification to the Administrative Agent (for distribution to the relevant Term applicable Lenders) of the Class of that Term Loans that will be the subject of the an Auction (an “Auction Notice”)) by either the Borrower or an Affiliated Lender. 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 10,000,000 with minimum increments of $1.0 million 1,000,000 (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.

Appears in 1 contract

Samples: Credit Agreement (Advisory Board Co)

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