Common use of Bloomberg Clause in Contracts

Bloomberg. (i) The Issuer shall maintain on the systems of Bloomberg Financial Markets Commodities News (“Bloomberg”) the “Section 3(c)(7)” and “Rule 144A” indicators in place on or about the Closing Date. The Issuer agrees not to change or delete any such indicators, except to the extent that the Issuer is advised by counsel that such indicators may be changed or deleted without adversely affecting the ability of the Issuer to rely on such exception; (ii) Except to the extent that the Issuer is advised by counsel that such indicators may be changed or deleted without adversely affecting the ability of the Issuer to rely on such exception, the Issuer shall insure that any Bloomberg screen containing information about any Note includes the following (or similar) language clearly showing that such Global Notes are restricted to Qualified Institutional Buyers and Qualified Purchasers: (A) an indicator that should state: “Issued Under 144A/3c7”; and (B) a display that states that the beneficial interests in a Global Note “are being offered to persons which are both (i) Qualified Institutional Buyers (as defined in Rule 144A under the Securities Act) and (ii) Qualified Purchasers (as defined in Section 2(a)(51)(A) of the Investment Company Act).”

Appears in 2 contracts

Sources: Indenture (Community Choice Financial Inc.), Indenture (Community Choice Financial Inc.)