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.

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

Cashless Settlement Option. “Amendment No. 5 Consent” means a consent to Amendment No. 5 substantially in the form of Exhibit A attached thereto. “Amendment No. 5 Effective Date” means April 11, 2018, which is the first Business Day on which all of the conditions precedent set forth in Section 4 of Amendment No. 5 have been satisfied or waived and the Term B-4 Loans are funded or deemed funded through a cashless settlement pursuant to Section 2.01(e)(i), as applicable. “Amendment No. 5 Non-Exchanging Lender” means each Lender holding Term B-3 Loans on the Amendment No. 5 Effective Date that (i) did not execute and deliver an Amendment No. 5 Consent on or prior to the Amendment No. 5 Effective Date or (ii) is an Amendment No. 5 Post-Closing Option Lender. “Amendment No. 5 Post-Closing Option Lender” means each Lender that executed and delivered an Amendment No. 5 Consent indicating the “Post-Closing Settlement Option.” “Amendment No. 6” means Amendment Agreement No. 6 to this Agreement, dated as of November 9, 2018. -7- “Amendment No. 6 Arrangers” means ▇▇▇▇▇ Fargo Securities, LLC and Citibank, N.A., in their respective capacities as the joint lead arrangers and joint bookrunners for Amendment No. 6. “Amendment No. 6 Cashless Option Lender” means each Lender that has executed and delivered an Amendment No. 6 Consent indicating the “Cashless Settlement Option.” “Amendment No. 6 Consent” means a consent to Amendment No. 6 substantially in the form of Exhibit A attached thereto. “Amendment No. 6 Effective Date” means November 9, 2018, which is the first Business Day on which all of the conditions precedent set forth in Section 4 of Amendment No. 6 have been satisfied or waived and the Term B-5 Loans are funded or deemed funded through a cashless settlement pursuant to Section 2.01(f)(i), as applicable. “Amendment No. 6 Non-Exchanging Lender” means each Lender holding Term B-4 Loans on the Amendment No. 6 Effective Date that (i) did not execute and deliver an Amendment No. 6 Consent on or prior to the Amendment No. 6 Effective Date or (ii) is an Amendment No. 6 Post-

Examples of Cashless Settlement Option in a sentence

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): o Cashless Settlement Option.
The undersigned Repricing Term Loan Lender hereby consents to the Amendment and agrees as follows with respect to its Existing Term Loans: [Check ONLY ONE of the two boxes below] Consent and Cashless Settlement Option The undersigned Repricing Term Loan Lender agrees to 100% of the outstanding principal amount of such Repricing Term Loan Lender’s Existing Term Loans converted, on a cashless basis, to Repriced Term Loans for all purposes under the Amended Credit Agreement.
The undersigned Lender hereby irrevocably and unconditionally elects as follows: Repricing Cashless Settlement Option ☐ to convert 100% of the outstanding principal amount of the (i) Lux Term Loans held by such Lender (or such lesser amount determined by the Lead Arranger) into a Repriced Lux Term Loan in a like principal amount and (ii) U.S. Term Loans held by such Lender (or such lesser amount determined by the Lead Arranger) into a Repriced U.S. Term Loan in a like principal amount.
The undersigned 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 Existing Term Loans held by such Lender into a Tranche B Term Loan in a like principal amount.
The undersigned Lender hereby irrevocably and unconditionally elects as follows: Cashless Settlement Option ☐ to convert 100% of the outstanding principal amount of the 2021 Incremental Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) into a Repriced 2021 Incremental Term Loan in a like principal amount.

More Definitions of Cashless Settlement Option

Cashless Settlement Option with respect to its Tranche B-5

Cashless Settlement Option has the meaning assigned to such term in Section 2.1(c).

Cashless Settlement Option has agreed to convert and/or continue all of its Existing Term Loans as Eighth Amendment Replacement Term Loans (such converted and/or continued Existing Term Loans subject to the Cashless Rollover (as defined below), the “Continuing Term Loans”, and such Existing Term Lenders, collectively, the “Continuing Term Lenders”) in an aggregate principal amount equal to such Continuing Term Lender’s Cashless Settlement Allocated Amount (as defined below), in each case subject to the terms and conditions set forth herein and (ii) each Existing Term Lender that executes and delivers a Lender Addendum indicating the “Post-Closing Settlement Option” (each, a “Post-Closing Option Term Lender” and, together with the Continuing Term Lenders, collectively, the “Consenting Term Lenders”) has agreed to have 100% of the outstanding principal amount of its Existing Term Loans prepaid on the Amendment Effective Date and purchase by assignment Eighth Amendment Replacement Term Loans on or after the Amendment Effective Date in an aggregate principal amount equal to such Post-Closing Option Term Lender’s Cash Settlement Allocated Amount (as defined below);

Cashless Settlement Option with respect to its Tranche B-3 Term Loans.

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 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. “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980. “CFC” means a Person that is a controlled foreign corporation under Section 957 of the Code. “CFC Holdco” means any Subsidiary that holds no material assets other than capital stock of one or more Subsidiaries that are CFCs or other CFC Holdcos. “Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the ▇▇▇▇-▇▇▇▇▇ ▇▇▇▇ Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted or issued. “Change of Control” means: