Auction Party definition

Auction Party has the meaning set forth in the definition of “Dutch Auction”.

Auction Party means any party to an Auction Covered Transaction, any party to an Auction-Linked Cash Settled Transaction or any customer whose Customer Physical Settlement Request or Customer Limit Order Submission is taken into account in a Participating Bidder's Valid Physical Settlement Request or Valid Limit Order Submission.

Auction Party or “Auction Parties” has the meaning assigned to such term in the definition of “Dutch Auction” or as specified in Section 2.11(i), as the context may require.

Examples of Auction Party in a sentence

• The Auction Agent will promptly provide each appropriate Lender with a copy of the Auction Notice and a form of the Return Bid to be submitted by a responding Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m. on the date specified in the Auction Notice (or such later date as the Auction Party may agree with the reasonable consent of the Auction Agent) (the “Auction Response Date”).

• In connection with any Auction, the Auction Party will provide notification to the Auction Agent (for distribution to the relevant Lenders) of the Term Loans that will be the subject of the Auction (an “Auction Notice”).

• Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction.

• 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may withdraw or modify an Auction only prior to the delivery of the Applicable Discount Notice (and if any Auction is withdrawn or modified, notice thereof shall be delivered to the Administrative Agent and the Eligible Auction Lenders no later than the first Business Day after such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 connection with an Auction, the Auction Party will provide notification to the Auction Agent (for distribution to the relevant Lenders) of the Term Loans that will be the subject of the Auction (an “Auction Notice”).

More Definitions of Auction Party

Auction Party means any Participating Bidder, party to a Covered Transaction, party to an Auction-Linked Cash Settled Transaction or customer whose Customer Physical Settlement Request or Customer Limit Order Submission is taken into account in a Participating Bidder's Physical Settlement Request or Limit Order Submission.

Auction Party means any party to an Auction Covered Transaction or any party to an Auction- Linked Cash Settled Transaction.

Auction Party is defined in Section 10.07(l) hereof.

Auction Party has the meaning assigned to such term in the definition of “Dutch Auction”. “Auction Response Date” has the meaning assigned to such term in the definition of “Dutch Auction”. “Auditors’ Determination” has the meaning assigned to such term in Section 12.10(f)(ii).

Auction Party as defined in Section 2.14(h).

Auction Party has the meaning set forth in the definition of “Dutch Auction”. “Auction Response Date” has the meaning assigned to such term in the definition of “Dutch Auction”. “Available Amount” means, at any time, an amount equal to, without duplication: (a) the sum of: (i) $350,000,000; plus (ii) 50% of the Consolidated Net Income of the Lead Borrower for the period (taken as one accounting period) from October 1, 2019 to the end of the Lead Borrower’s most recently ended fiscal quarter in respect of which a Compliance Certificate has been 1 RBC Capital Markets is a brand name for the capital markets businesses of Royal Bank of Canada and its affiliates.

Auction Party has the meaning specified in the definition of “Dutch Auction”. “Auction Response Date” has the meaning specified in the definition of “Dutch Auction”. “Dutch Auction” means an auction (an “Auction”) conducted by the Borrower or any of its Subsidiaries (an “Auction Party”) in order to purchase and retire Loans in accordance with the following procedures or other procedures mutually acceptable to the Borrower, the Auction Agent and the Administrative Agent; provided that no Auction Party shall initiate any Auction unless (I) at least five Business Days have passed since the consummation of the most recent purchase of Loans pursuant to an Auction conducted hereunder; or (II) at least three Business Days have passed since the date of the last Auction which was withdrawn: