Cashless Settlement Option definition

Cashless Settlement Option allocation in accordance with Amendment No. 4, in the case of each Cashless Option Term A Lender and (y) $250,000,000 minus the aggregate Cashless Settlement Option allocations in accordance with Amendment No. 4 (such aggregate amount of allocations being $250,000,000), in the case of the Additional Term A-2 Lenders. Notwithstanding the foregoing, any Cashless Option Term A-1 Lender shall not be required to deliver any additional amounts on the Amendment No. 4 Effective Date but shall make Term A-2 Loans cashlessly with the proceeds of the repayment of all (or such lesser amount as the Amendment No. 4 Arrangers together with the Administrative Agent may allocate) of its Term A Loans in accordance with Amendment No. 4. Amounts borrowed under this Section 2.01(g) and repaid or prepaid may not be reborrowed. Term A-2 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

Cashless Settlement Option to the TLB Refinancing Arrangers (each such consenting Lender, a “Cashless Settlement Term Lender”) (i) consents to the terms of this Amendment and the Amended Credit Agreement, (ii) agrees to exchange the entire aggregate amount of its Existing Term B Loans (or such lesser

Cashless Settlement Option shall have the meaning assigned to such term in the Consent (as such term is defined in Amendment No. 2) to Amendment No. 2.

Examples of Cashless Settlement Option in a sentence

• Xxxxx ​ Title: Sr. Director ​ ​ Cashless Settlement Option ☒ The undersigned Lender hereby commits an amount equal to 100% of the outstanding principal amount of the Existing Term Loans held by such Lender to be 2020 Refinancing Term Loans and agrees to exchange (on a cashless basis) 100% of the outstanding principal amount of the Existing Term Loans (or such lesser amount allocated to such Lender by the Administrative Agent) held by such Lender for 2020 Refinancing Term Loans in an equal principal amount.

• The undersigned Lender in respect of the Original Term Loans (“Original Term Loan Lender”) hereby irrevocably and unconditionally approves the Amendment and consents as follows (check ONE option): Cashless Settlement Option ☒ to convert 100% of the outstanding principal amount of the Original Term Loans held by such Original Term Loan Lender (or such lesser amount allocated to such Lender by the First Refinancing Amendment Arranger) into Term B Loans in a like principal amount.

• By delivery of this letter agreement (this “Tranche B-2 Participation Notice”), each of the undersigned (each a “Participating Lender”), hereby irrevocably consents to the Amendment and the amendment of the Credit Agreement contemplated thereby and (check as applicable): NAME OF PARTICIPATING LENDER: AMOUNT OF EXISTING TERM LOANS OF SUCH PARTICIPATING LENDER: $ ☐ Cashless Settlement Option.

• By delivery of this letter agreement (this “Tranche B-1 Participation Notice”), each of the undersigned (each a “Repricing Participating Lender”), hereby irrevocably consents to the Amendment and the amendment of the Credit Agreement contemplated thereby and (check as applicable): NAME OF REPRICING PARTICIPATING LENDER: AMOUNT OF EXISTING TERM LOANS OF SUCH REPRICING PARTICIPATING LENDER: $ o Cashless Settlement Option.

• The undersigned Term A-2 Lender hereby irrevocably and unconditionally approves the Amendment and consents: Cashless Settlement Option x to convert 100% of the outstanding principal amount of the Term A-2 Loans under the Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) into Term A-3 Loans under the Amended Credit Agreement in a like principal amount.

More Definitions of Cashless Settlement Option

Cashless Settlement Option. (each, a “Cashless Option Lender”) shall be deemed to have converted all (or such lesser amount allocated to such Existing Lender by the Arrangers) of its Existing Term Loans (which Existing Term Loans shall thereafter no longer be deemed to be outstanding) into Initial Term Loans under the Amended Credit Agreement in the same aggregate principal amount as such Existing Lender’s Existing Term Loans (or such lesser amount allocated to such Existing Lender by the Arrangers), and such Existing Lender shall thereafter be a Lender under the Amended Credit Agreement;

Cashless Settlement Option. (each, a “Cashless Option Lender”) shall be deemed to have consented to this Amendment and shall be deemed to have exchanged all (or such lesser amount as the Amendment No. 8 Lead Arranger and Bookrunner (as defined below) shall allocate) of its Replacement Term Loans (which Replacement Term Loans shall thereafter no longer be deemed to be outstanding) for Replacement 2023 Term B Loans in the same aggregate principal amount as such Lender’s Replacement Term Loans (or such lesser amount as the Amendment No. 8 Lead Arranger and Bookrunner may allocate), and such Lender shall thereafter be a Replacement 2023 Term B Loan Lender under the Credit Agreement (after giving effect to the amendment and restatement of the Credit Agreement pursuant to Section 2 below);

Cashless Settlement Option in Amendment No. 3, shall have an initial Interest Period ending on March 12, 2020 (and, notwithstanding anything to the contrary herein, each Cashless Consenting Lender, each non-converting Consenting Lender and the New Lender hereby consents to such non-conforming Interest Period), which is the same Interest Period as in effect for the Original Term Loans on the Amendment No. 3 Effective Date and the Adjusted Eurodollar Rate for such initial Interest Period shall be the same Adjusted Eurodollar Rate that applies to the outstanding Borrowing of Original Term Loans immediately prior to the Amendment No. 3 Effective Date.

Cashless Settlement Option allocation in accordance with Amendment No. 1 in the case of each Cashless Option Lender and (y) in an amount equal to $675,000,000 minus the aggregate Cashless Settlement Option allocations in accordance with Amendment No. 1 (such amount being $150,020,093.33) in the case of the Additional Term B-1 Lender. Notwithstanding the foregoing, any Cashless Option Lender shall not be required to deliver any additional amounts on the Amendment No. 1 Effective Date but shall make Domestic Term B-1 Loans cashlessly with the proceeds of the repayment of all (or such lesser amount as the Amendment No. 1 Arrangers together with the Administrative Agent may allocate) of its Domestic Term Loans in accordance with Amendment No. 1.

Cashless Settlement Option. (each, a “Cashless Option Lender”) shall be deemed to have converted all of its Initial Term Loans (which Initial Term Loans shall thereafter no longer be deemed to be outstanding) to Tranche B Term Loans in the same aggregate principal amount as such Initial Term Loan Lender’s Initial Term Loans (or such lesser amount as determined by the Second Amendment Arrangers (as defined below));

Cashless Settlement Option in its Existing Loans (each an “Existing Lender” and collectively, the “Existing Lenders”).

Cashless Settlement Option has the meaning assigned to such term in Section 2.1(d). Annex X-1