Purchase Option Closing. On the date specified in the Purchase Notice (which shall not be less than 3 Business Days nor more than 5 Business Days, after delivery to the Agents of the Purchase Notice), the Priority Revolving Lenders shall sell to the exercising Closing Date Term Loan Lenders, and the exercising Closing Date Term Loan Lenders shall purchase and assume from Priority Revolving Lenders, the Subject Obligations. Upon such closing, each selling Priority Revolving Lender shall be released from all of its Subject Obligations hereunder, including any obligation to purchase any participation in any Letter of Credit relating to the Subject Obligations.
Appears in 4 contracts
Samples: First Lien Credit Agreement (Convey Health Solutions Holdings, Inc.), First Lien Credit Agreement (Convey Holding Parent, Inc.), First Lien Credit Agreement (Convey Holding Parent, Inc.)
