Common use of Cashless Rollover of Existing Term Loans Clause in Contracts

Cashless Rollover of Existing Term Loans. Each Cashless Term Lender agrees that, on the Twelfth Amendment Effective Date, all (or such lesser amount corresponding to the amount of Repriced Term Loans as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be exchanged (pursuant to subsection 3.4(h) of the Existing Credit Agreement) for Repriced Term Loans under the Amended Credit Agreement, and such Existing Term Loans so exchanged shall be deemed repaid in full on the Twelfth Amendment Effective Date, including with respect to all accrued and unpaid interest, fees, expenses and other compensation owed to such Cashless Term Lender and due and payable by the Borrower pursuant to this Amendment and the Existing Credit Agreement. Each Cashless Term Lender acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to allocate Repriced Term Loans to such Lender in an amount equal to 100% of the principal amount of its Existing Term Loans, in which case the difference between the principal amount of such Xxxxxx’s Existing Term Loans as of immediately prior to the Twelfth Amendment Effective Date and the principal amount of Repriced Term Loans allocated to such Lender by the Administrative Agent, if any, will be repaid on, and subject to the occurrence of, the Twelfth Amendment Effective Date. Each Cashless Term Lender waives any right to receive any payments under subsection 3.12 of the Amended Credit Agreement as a result of the Repricing Transactions.

Cashless Rollover of Existing Term Loans. Each Cashless Term Lender agrees that, on the Twelfth Eleventh Amendment Effective Date, all (or such lesser amount corresponding to the amount of Repriced Term Loans as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be exchanged (pursuant to subsection 3.4(h) of the Existing Credit Agreement) for Repriced Term Loans under the Amended Credit Agreement, and such Existing Term Loans so exchanged shall be deemed repaid in full on the Twelfth Eleventh Amendment Effective Date, including with respect to all accrued and unpaid interest, fees, expenses and other compensation owed to such Cashless Term Lender and due and payable by the Borrower pursuant to this Amendment and the Existing Credit Agreement. Each Cashless Term Lender acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to allocate Repriced Term Loans to such Lender in an amount equal to 100% of the principal amount of its Existing Term Loans, in which case the difference between the principal amount of such XxxxxxLxxxxx’s Existing Term Loans as of immediately prior to the Twelfth Eleventh Amendment Effective Date and the principal amount of Repriced Term Loans allocated to such Lender by the Administrative Agent, if any, will be repaid on, and subject to the occurrence of, the Twelfth Eleventh Amendment Effective Date. Each Cashless Term Lender waives any right to receive any payments under subsection 3.12 of the Amended Credit Agreement as a result of the Repricing Transactions.

Cashless Rollover of Existing Term Loans. Each In addition to the agreements set forth in Section 2(b) above, each Cashless Term Lender agrees that, on the Twelfth Amendment Effective Date, all (or such lesser amount corresponding to the amount of Repriced Refinancing Date Term Loans as the Administrative Agent Refinancing Date Term Loan Lender may allocate to such Lender) of its Existing Term Loans shall be exchanged (pursuant to subsection 3.4(h) Section 2.22 of the Existing Credit Agreement) for Repriced Refinancing Date Term Loans under the Amended Credit Agreement, and such Existing Term Loans so exchanged shall be deemed repaid in full on the Twelfth Amendment Effective Date, including with respect to all accrued and unpaid interest, fees, expenses and other compensation owed to such Cashless Term Lender and due and payable by the Borrower pursuant to this Amendment and the Existing Credit Agreement. Each Cashless Term Lender acknowledges and agrees that the Administrative Agent Refinancing Date Term Loan Lender may, in its sole discretion, elect not to allocate Repriced Refinancing Date Term Loans to such Lender in an amount equal to 100% of the principal amount of its Existing Term Loans, in which case the difference between the principal amount of such XxxxxxLender’s Existing Term Loans as of immediately prior to the Twelfth Amendment Effective Date and the principal amount of Repriced Refinancing Date Term Loans allocated to such Lender by the Administrative AgentRefinancing Date Term Loan Lender, if any, will be repaid on, and subject to the occurrence of, the Twelfth Amendment Effective Date. Each Cashless Term Lender waives any right to receive any payments under subsection 3.12 of the Amended Credit Agreement as a result of the Repricing Transactions.

Cashless Rollover of Existing Term Loans. Each Cashless Term Lender agrees that, on the Twelfth Seventh Amendment Effective Date, all (or such lesser amount corresponding to the amount of Repriced Term Loans as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be exchanged (pursuant to subsection 3.4(h) of the Existing Credit Agreement) for Repriced Term Loans under the Amended Credit Agreement, and such Existing Term Loans so exchanged shall be deemed repaid in full on the Twelfth Seventh Amendment Effective Date, including with respect to all accrued and unpaid interest, fees, expenses and other compensation owed to such Cashless Term Lender and due and payable by the Borrower pursuant to this Amendment and the Existing Credit Agreement. Each Cashless Term Lender acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to allocate Repriced Term Loans to such Lender in an amount equal to 100% of the principal amount of its Existing Term Loans, in which case the difference between the principal amount of such XxxxxxLender’s Existing Term Loans as of immediately prior to the Twelfth Seventh Amendment Effective Date and the principal amount of Repriced Term Loans allocated to such Lender by the Administrative Agent, if any, will be repaid on, and subject to the occurrence of, the Twelfth Seventh Amendment Effective Date. Each Cashless Term Lender waives any right to receive any payments under subsection 3.12 of the Amended Credit Agreement as a result of the Repricing Transactions.