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

Cashless Rollover of Existing Term Loans. Each Cashless Term Xxxxxx agrees that, upon the Amendment No. 4 Effective Date, all (or such lesser amount as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be converted to 2024 Specified Refinancing Term Loans under the Amended Credit Agreement, and such Existing Term Loans shall be deemed repaid in full on the Amendment No. 4 Effective Date, including for 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 Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Allison Transmission Holdings Inc)

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Cashless Rollover of Existing Term Loans. Each Cashless Term Xxxxxx Lender agrees that, upon the Amendment No. 4 1 Effective Date, all (or such lesser amount as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be converted to 2024 Specified 2019 Refinancing Term Loans under the Amended Credit Agreement, and such Existing Term Loans shall be deemed repaid in full on the Amendment No. 4 1 Effective Date, including for 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 Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Allison Transmission Holdings Inc)

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Cashless Rollover of Existing Term Loans. Each 2023 Cashless Term Xxxxxx Lender agrees that, upon the Amendment No. 4 Effective Date, all (or such lesser amount as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be converted to 2024 Specified 2023 Refinancing Term Loans under the Amended Credit Agreement, and such Existing Term Loans shall be deemed repaid in full on the Amendment No. 4 Effective Date, including for all accrued and unpaid interest, fees, expenses and other compensation owed to such 2023 Cashless Term Lender and due and payable by the Borrower pursuant to this Amendment and the Credit Agreement.

Appears in 1 contract

Samples: First Lien Credit Agreement (GMS Inc.)

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