Common use of Cashless Settlement Clause in Contracts

Cashless Settlement. Notwithstanding anything to the contrary contained in this Agreement, any Lender may exchange, continue or rollover all or a portion of its Loans in connection with any amendment, repayment, refinancing, incremental, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Agent and such Lender and such cashless settlement shall be deemed to comply with any requirement hereunder or any other Loan Document or DIP Order that such payment be made “in dollars,” in “immediately available funds,” “in cash” or any other similar concept.

Appears in 3 contracts

Samples: Dip Credit Agreement (Legacy Reserves Inc.), Dip Credit Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Inc.)

AutoNDA by SimpleDocs

Cashless Settlement. Notwithstanding anything to the contrary contained in this Agreement, any Lender may exchange, continue or rollover all or a portion of its Loans in connection with any amendment, repayment, refinancing, incremental, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative Agent and such the applicable Lender and such cashless settlement shall be deemed to comply with any requirement hereunder or any other Loan Document or DIP Order that such any payment be made “in dollars,Dollars(or any Alternative Currency), “in immediately available funds,” ”, “in cash” or any other similar conceptrequirement.

Appears in 3 contracts

Samples: Credit Agreement (Cincinnati Bell Inc), Credit Agreement (Cincinnati Bell Inc), Credit Agreement (Cincinnati Bell Inc)

AutoNDA by SimpleDocs

Cashless Settlement. Notwithstanding anything to the contrary contained in this Agreement, any Lender may exchange, continue or rollover all or a of the portion of its Loans in connection with any amendment, repayment, refinancing, incremental, extension, loan modification or similar transaction permitted by the terms of this Agreement, Agreement pursuant to a cashless settlement mechanism approved by the BorrowerGEO, the Agent Administrative Agent, and such Lender Lender, and any such cashless settlement exchange, continuation or rollover shall be deemed to comply with any requirement hereunder or under any other Loan Document or DIP Order that such any payment be made “in dollars,Dollars(or the relevant alternate currency), “in immediately available funds,” ”, “in cash” or any other similar conceptrequirement.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.