Common use of Purchase Option Closing Clause in Contracts

Purchase Option Closing. On the date specified by Revolving Agent in the Purchase Notice (which shall not be less than 3 Business Days nor more than 15 Business Days after delivery to the Term Loan Agent of the Revolving Agent’s Purchase Notice) (the “Term Loan Purchase Option Closing Date”), Term Loan Creditors shall sell to the Term Obligations Purchaser, and Term Obligations Purchaser shall purchase from Term Loan Creditors the Term Loan Obligations, without recourse, representation or warranty (except as set forth in Section 5.2(e) below).

Purchase Option Closing. On the date specified by Revolving Term Loan Agent in the Term Loan Agent’s Purchase Notice (which shall not be less than 3 Business Days nor more than 15 Business Days after delivery to the Term Loan Revolving Agent of the Revolving Term Loan Agent’s Purchase Notice) (the “Term Loan Revolver Purchase Option Closing Date”), Term Loan Revolving Creditors shall sell to Revolving Credit Obligations Purchaser and the Term Obligations Purchaser, and Term Revolving Credit Obligations Purchaser shall purchase from Term Loan Revolving Creditors the Term Loan Revolving Credit Obligations, without recourse, representation or warranty (except as set forth in Section 5.2(e5.1(e) below).

Purchase Option Closing. On the date specified by Revolving Term Loan Agent in the Term Loan Agent’s Purchase Notice (which shall not be less than 3 three (3) Business Days nor more than 15 ten (10) Business Days after delivery to the Term Loan Revolving Agent of the Revolving Term Loan Agent’s Purchase Notice) (the “Term Loan Revolver Purchase Option Closing Date”), Term Loan Revolving Creditors shall sell to Revolving Obligations Purchaser and the Term Obligations Purchaser, and Term Revolving Obligations Purchaser shall purchase from Term Loan the Revolving Creditors the Term Loan Revolving Credit Obligations, without recourse, representation or warranty (except as set forth in Section 5.2(e5.1(e) below).