Common use of Sale Procedure Clause in Contracts

Sale Procedure. a. Administrative Agent shall have the right to select the highest Qualified Communications Assets Bid on behalf of Tenant solely under the circumstances and pursuant to the terms expressly set forth in Section 36.2(c)(ii) of the Lease. b. If Tenant’s obligation to transfer the Communication Assets to a Successor Tenant is triggered as a result of a Non-Renewal Event, the delivery of a Lease Termination Notice or a Final Lease Expiration as described in Section 36.1(a) of the Lease, Tenant shall notify Administrative Agent no later than five (5) Business Days after the occurrence of such event and such notice shall include in bold-faced capitalized font the following: THIS NOTICE REQUIRES A RESPONSE WITHIN TEN (10)

Appears in 3 contracts

Sources: Credit Agreement (Windstream Services, LLC), Recognition Agreement (Communications Sales & Leasing, Inc.), Recognition Agreement (Windstream Services, LLC)