Applicable Discount definition

Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).

Applicable Discount has the meaning specified in Section 2.05(d)(iii).

Applicable Discount has the meaning assigned to such term in Section 2.11(a)(ii)(C).

Examples of Applicable Discount in a sentence

• If a Participating Lender has submitted a Return Bid containing multiple bids at different Reply Discounts, only the bid with the highest Reply Discount that is equal to or more than the Applicable Discount will be deemed the 34 Qualifying Bid of such Participating Lender.

• Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Discount.

• Once initiated by an Auction Notice, the Auction Party may withdraw or modify an Auction only prior to the delivery of the Applicable Discount Notice (and if any Auction is withdrawn or modified, notice thereof shall be delivered to the Administrative Agent and the Eligible Auction Lenders no later than the first Business Day after such withdrawal).

• In no event shall any purchase of Term Loans in an Auction be made at a Reply Discount lower than the Applicable Discount for such Auction.

• Unless withdrawn, the Auction Party shall notify the Participating Lenders of the Applicable Discount no later than one Business Day after it is determined (the “Applicable Discount Notice”).

More Definitions of Applicable Discount

Applicable Discount as defined in the definition of “Dutch Auction.”

Applicable Discount has the meaning specified in Section 2.03(a)(iv)(C)(2).

Applicable Discount shall have the meaning assigned to such term in Section 2.11(g)(iii).

Applicable Discount as defined in Subsection 4.4(l)(iii)(2).

Applicable Discount as defined in Section 4.1(b)(iii)(B).

Applicable Discount as defined in Section 2.12(f)(iii).

Applicable Discount as defined in subsection 3.4(i).