Common use of Pro Rata Offer Clause in Contracts

Pro Rata Offer. The Incremental Term Loan Secured Parties agree, solely as among themselves, that upon the majority of the Incremental Term Loan Secured Parties notifying the Incremental Term Loan Agent in writing of the occurrence of any Incremental Term Loan Purchase Event, the Incremental Term Loan Agent shall send a notice to all Incremental Term Loan Secured Parties giving each Incremental Term Loan Secured Party the option to purchase at least its pro rata share of the First Lien Term Loan Obligations. No Incremental Term Loan Secured Party shall be required to participate in any purchase offer hereunder, and each Incremental Term Loan Secured Party acknowledges and agrees that a purchase offer may be made by any or all of the Incremental Term Loan Secured Parties, subject to the requirements of the preceding sentence. The provisions of this Section 8.2 are intended solely for the benefit of the Incremental Term Loan Secured Parties and may be modified, amended or waived by them without the approval of any Grantor, any Term Loan Secured Party, or otherwise.

Pro Rata Offer. The Incremental First Lien Term Loan Secured Parties agree, solely as among themselves, that upon the majority of the Incremental First Lien Term Loan Secured Parties notifying the Incremental First Lien Term Loan Agent in writing of the occurrence of any Incremental First Lien Term Loan Purchase Event, the Incremental First Lien Term Loan Agent shall send a notice to all Incremental First Lien Term Loan Secured Parties giving each Incremental First Lien Term Loan Secured Party the option to purchase at least its pro rata share of the First Lien Term Revolving Loan Obligations. No Incremental First Lien Term Loan Secured Party shall be required to participate in any purchase offer hereunder, and each Incremental First Lien Term Loan Secured Party acknowledges and agrees that a purchase offer may be made by any or all of the Incremental First Lien Term Loan Secured Parties, subject to the requirements of the preceding sentence. The provisions of this Section 8.2 7.2 are intended solely for the benefit of the Incremental First Lien Term Loan Secured Parties and may be modified, amended or waived by them without the approval of any Grantor, any Term Revolving Loan Secured Party, or otherwise.