Common use of Purchase Option Closing Clause in Contracts

Purchase Option Closing. On the date specified by the Second Lien Agent in the Purchase Notice (which shall not be less than 3 Business Days nor more than 10 Business Days, after the receipt by the First Lien Agent of the Purchase Notice), the First Lien Creditors shall sell to the Second Lien Creditors, and the Second Lien Creditors shall purchase from the First Lien Creditors, all, but not less than all, of the First Lien Obligations, and the First Lien Lenders shall assign to the purchasing Second Lien Lenders, and the purchasing Second Lien Lenders shall assume from the First Lien Lenders all, but not less than all, of the then (if any) existing funding commitments under the First Lien Documents which, if funded, would constitute First Lien Obligations.

Purchase Option Closing. On the date specified by the Second Lien Agent in the Purchase Notice (which shall not be less than 3 Business Days nor more than 10 5 Business Days, after the receipt by the First Lien Agent of the Purchase Notice), the First Lien Creditors shall sell to the Second Lien Creditors, and the Second Lien Creditors shall purchase from the First Lien Creditors, all, but not less than all, of the First Lien Obligations, and the First Lien Lenders shall assign to the purchasing Second Lien Lenders, and the purchasing Second Lien Lenders shall assume from the First Lien Lenders all, but not less than all, of the then (if any) existing funding commitments under the First Lien Documents which, if funded, would constitute First Lien ObligationsDocuments.

Purchase Option Closing. On the date specified by the Second Lien Agent in the Purchase Notice (which shall not be less than 3 Business Days nor more than 10 5 Business Days, after the receipt by the First Lien Agent Agents of the Purchase Notice), the First Lien Creditors shall sell to the Second Lien Creditors, and the Second Lien Creditors shall purchase from the First Lien Creditors, all, but not less than all, of the First Lien Obligations, and the First Lien Lenders shall assign to the purchasing Second Lien Lenders, and the purchasing Second Lien Lenders shall assume from the First Lien Lenders all, but not less than all, of the then (if any) existing funding commitments under the First Lien Documents which, if funded, would constitute First Lien ObligationsDocuments.

Purchase Option Closing. On the date specified by the purchasing Second Lien Agent Creditors in the Purchase Notice (which shall not be less than 3 Business Days nor more than 10 Business Days, after the receipt by the First Lien Agent of the Purchase Notice), the First Lien Creditors shall sell to the purchasing Second Lien Creditors, and the purchasing Second Lien Creditors shall purchase from the First Lien Creditors, all, but not less than all, of the First Lien Obligations, and the First Lien Lenders Creditors shall assign to the purchasing Second Lien LendersCreditors, and the purchasing Second Lien Lenders Creditors shall assume from the First Lien Lenders Creditors all, but not less than all, of the then (if any) existing funding commitments under the First Lien Documents which, if funded, would constitute First Lien ObligationsDocuments.

Purchase Option Closing. On the date specified by the Second Lien Agent in the Purchase Notice (which shall not be less than 3 Business Days nor more than 10 5 Business Days, after the receipt by the First Lien Agent of the Purchase Notice; the closing date referred to in the Purchase Notice is referred to herein as the “Purchase Option Closing Date”), the First Lien Creditors shall sell to the Second Lien Creditors, and the Second Lien Creditors shall purchase from the First Lien Creditors, all, but not less than all, of the First Lien Obligations, and the First Lien Lenders shall assign to the purchasing Second Lien Lenders, and the purchasing Second Lien Lenders shall assume from the First Lien Lenders all, but not less than all, of the then (if any) existing funding commitments under the First Lien Documents which, if funded, would constitute First Lien ObligationsDocuments.