Purchase Option Exercise Date definition
Examples of Purchase Option Exercise Date in a sentence
On the Class B Purchase Option Exercise Date, the Class A Lenders shall sell to the Class B Lenders, and the Class B Lenders shall purchase from the Class A Lenders, the Class A Obligations and pay (including by making a Revolving Loan on such day and using the proceeds thereof to pay or causing Collections to be applied, or both) any amounts due in connection with the termination of any Hedging Agreement.
On the Class B Purchase Option Exercise Date, the Class A Lenders shall sell to the Class B Lenders, and the Class B Lenders shall purchase from the Class A Lenders, the Class A Obligations.
No later than 1:00 p.m. on the Business Day prior to the Class B Purchase Option Exercise Date, the Administrative Agent shall deliver written notice to the Initial Class B Lender specifying the final amount of the Class A Lender Interests of which it is then aware (collectively, the “Class A Lender Interest Purchase Amount”).
In addition, upon completion of the sale of the Class A Obligations and receipt by the Class A Lenders of the amounts specified in Section 10.06(b), Credit Suisse AG, New York Branch may resign as Administrative Agent and the Class B Lenders shall appoint a successor Administrative Agent to succeed Credit Suisse AG, New York Branch who shall accept such appointment, in each case, effective on the Class B Purchase Option Exercise Date.
On the Business Day prior to the Class B Purchase Option Exercise Date, the Administrative Agent shall deliver written notice to the Agents for the Class B Lenders specifying the Class A Obligations and the Class A Indemnification Liabilities of which it is then aware (collectively, the “Class B Purchase Option Amount”).