Common use of Notification Procedures Clause in Contracts

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 14 contracts

Samples: Credit Agreement (LendingTree, Inc.), Credit Agreement (Xperi Corp), Credit Agreement (Roku, Inc)

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Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next five Business Day Days after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Borrowers onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Term Loan Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 8 contracts

Samples: First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.), Second Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.), First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.)

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next third Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Auction Offeror onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Term Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 4 contracts

Samples: Credit Agreement (Revlon Inc /De/), Term Credit Agreement (Revlon Inc /De/), Credit Agreement (Revlon Inc /De/)

Notification Procedures. The Auction Manager auction manager will calculate the Applicable Threshold Price no later than the next Business Day immediately after the date that the Return Bids were due. The Auction Manager auction manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager auction manager in consultation with the Offeror onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager auction manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 3 contracts

Samples: Credit Agreement (Walter Investment Management Corp), Credit Agreement (Walter Investment Management Corp), Credit Agreement (Walter Investment Management Corp)

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next second Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Borrower onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 2 contracts

Samples: Term Loan Agreement (DiamondRock Hospitality Co), Term Loan Agreement (DiamondRock Hospitality Co)

Notification Procedures. The Auction Manager will calculate and post the Applicable Threshold Price no later than the next Business Day after the date that the Return Bids were due. The Auction Manager will insert the principal amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror onto into each applicable Auction Affiliate Assignment and Acceptance Agreement received in connection with a Qualifying Bid. Upon written request of the submitting Term Loan Lender, the Auction Manager will promptly return any Auction Affiliate Assignment and Acceptance Agreement received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 2 contracts

Samples: Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp)

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next fifth Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Term Borrower onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Term Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 2 contracts

Samples: Credit Agreement (C&J Energy Services Ltd.), Credit Agreement (C&J Energy Services Ltd.)

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next [ ] Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Borrower onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Magnum Hunter Resources Corp)

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next fifth Business Day after the date that the Return Bids were due. The Auction Manager will insert the principal amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Purchaser onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 1 contract

Samples: Amended and Restated Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp)

Notification Procedures. The Auction Manager will calculate the Applicable each applicable Threshold Price no later than the next Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans of each tranche to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Borrower onto each applicable Auction Assignment and Acceptance Assumption received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance Assumption received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

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Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Borrower onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 1 contract

Samples: Loan Agreement (Salem Communications Corp /De/)

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next five (5) Business Day Days after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Borrower Representative onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Term Loan Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (NRC Group Holdings Corp.)

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Borrower onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Performance Sports Group Ltd.)

Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next two Business Day Days after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror Borrower onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

Appears in 1 contract

Samples: Term Loan and Guaranty Agreement (REV Group, Inc.)

Notification Procedures. The Auction Manager will calculate and post the Applicable Threshold Price no later than the next Business Day after the date that the Return Bids were due. The Auction Manager will insert the principal amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror onto into each applicable Auction Affiliate Assignment and Acceptance Agreement received in connection with a Qualifying Bid. Upon written request of the submitting Term Loan Lender, the Auction Manager will promptly return any Auction Affiliate Assignment and Acceptance Agreement received in connection with a Return Bid that is not a Qualifying Bid.. Additional Procedures. Once

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

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