Common use of Offer to Purchase from Asset Sale Proceeds Clause in Contracts

Offer to Purchase from Asset Sale Proceeds. The Issuer will be required to make an offer to repurchase the First Lien Notes at par with the First Lien Noteholders’ Pro Rata Share (as defined herein) of the net cash proceeds from any non-ordinary course asset sales or dispositions by the Issuer or any Note Guarantor in accordance with the Propco First Lien Notes Documentation Principles to the extent any such proceeds are not otherwise applied in a manner consistent with the Propco First Lien Notes Documentation Principles.

Offer to Purchase from Asset Sale Proceeds. The Issuer will be required to make an offer to repurchase the First Lien Notes at par with in an amount equal to the First Lien Noteholders’ Pro Rata Share (as defined herein) of 100% of the net cash proceeds from any non-ordinary course asset sales or dispositions by the Issuer or any First Lien Note Guarantor in accordance with the Propco Opco First Lien Notes Documentation Principles to the extent any such proceeds are not otherwise applied in a manner consistent with the Propco Opco First Lien Notes Documentation Principles.