Cashless Exchanges Sample Clauses

Cashless Exchanges. Notwithstanding anything to the contrary contained in this Agreement, (a) any Lender may assign all or any portion of its Term Loans in connection with any primary syndication of such Term Loans relating to any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement (including as contemplated by Section 2.01(c)), pursuant to cashless settlement mechanisms approved by the Borrower, the Administrative Agent, the assignor Lender and the assignee of such Lender, and (b) any Lender may agree to exchange its Term Loans outstanding hereunder, in lieu of cash repayment thereof, for new term loans to be made hereunder or under any new credit facility (or for the right to receive such new term loans as assignee from the lender thereof pursuant to arrangements described in clause (a) above or comparable arrangements relating to any such new credit facility).