Common use of Cashless Settlement Option Clause in Contracts

Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Term Loans under the Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) into Term B-1 Loans under the Credit Agreement as amended by the Amendment in a like principal amount. In the event a lesser amount is allocated by the Administrative Agent, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 1

Appears in 1 contract

Samples: Credit Agreement (Ducommun Inc /De/)

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Cashless Settlement Option. o to convert 100% of the outstanding principal amount of the Term Loans under the Credit Agreement B Loan held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentLead Arrangers) into a Term B-1 Loans under the Credit Agreement as amended by the Amendment Loan in a like principal amount. In Cash Settlement Option o to have 100% of the event a lesser outstanding principal amount is allocated of the Term B Loan held by the Administrative Agent, the difference between the current amount and the allocated amount will be such Lender prepaid on the Amendment No. 11 Effective Date.

Appears in 1 contract

Samples: Joinder Agreement (Immucor Inc)

Cashless Settlement Option. o to convert 100% of the outstanding principal amount of the Term Loans under the Credit Agreement Loan(s) held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentRefinancing Amendment Lead Arrangers) into a Refinancing Term B-1 Loans under the Credit Agreement as amended by the Amendment Loan in a like principal amount. In the event a lesser amount is allocated by the Administrative Agentallocated, the difference between the current amount and the allocated amount will be prepaid on the Second Amendment No. 1Date.

Appears in 1 contract

Samples: Credit Agreement (Bats Global Markets, Inc.)

Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Term Loans under the Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) into Term B-1 Loans under the Restated Credit Agreement as amended by the Amendment in a like principal amount. In the event a lesser amount is allocated by the Administrative Agent, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 1Restatement Effective Date.

Appears in 1 contract

Samples: Credit Agreement (NPC Restaurant Holdings, LLC)

Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Term B-1 Loans under the Existing Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentLead Arrangers) into Replacement Term B-1 B-2 Loans under the Amended Credit Agreement as amended by the Amendment in a like principal amount. In the event a lesser amount is allocated by the Administrative Agentallocated, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 12 Funding Date.

Appears in 1 contract

Samples: Credit Agreement (JELD-WEN Holding, Inc.)

Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Term B-2 Loans under the Existing Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentLead Arrangers) into Term B-1 B-3 Loans under the Amended Credit Agreement as amended by the Amendment in a like principal amount. In the event a lesser amount is allocated by the Administrative Agentallocated, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 13

Appears in 1 contract

Samples: Credit Agreement (JELD-WEN Holding, Inc.)

Cashless Settlement Option. ¨ to convert 100% of the outstanding principal amount of the Tranche B-3 Term Loans under the Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) into Initial Term B-1 Loans under the Amended and Restated Credit Agreement as amended by the Amendment in a like principal amount. In the event a lesser amount is allocated by the Administrative Agent, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 1and Restatement Effective Date.

Appears in 1 contract

Samples: Credit Agreement (GoDaddy Inc.)

Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Term Initial Loans under the Existing Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentLead Arrangers) into Replacement Term B-1 B-2 Loans under the Amended Credit Agreement as amended by the Amendment in a like principal amount. In the event a lesser amount is allocated by the Administrative Agentallocated, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 12 Funding Date.

Appears in 1 contract

Samples: Credit Agreement (JELD-WEN Holding, Inc.)

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Cashless Settlement Option. o to convert 100% of the outstanding principal amount of the Term Loans under the Credit Agreement B-1 Loan held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentLead Arrangers) into a Term B-1 Loans under the Credit Agreement as amended by the Amendment B-2 Loan in a like principal amount. In amount Revolving Credit Lenders o The undersigned Revolving Credit Lender hereby irrevocably and unconditionally consents to the event a lesser amount is allocated by the Administrative Agent, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 1Amendment.

Appears in 1 contract

Samples: Joinder Agreement (Immucor Inc)

Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Initial Term Loans under the Existing Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentLead Arrangers) into Term B-1 Loans under the Amended Credit Agreement as amended by the Amendment in a like principal amount. In the event a lesser amount is allocated by the Administrative Agentallocated, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 11 Effective Date.

Appears in 1 contract

Samples: Existing Credit Agreement (Harsco Corp)

Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Term B-1 Loans under the Existing Credit Agreement held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentLead Arrangers) into Term B-1 B-2 Loans under the Amended Credit Agreement as amended by the Amendment in a like principal amount. In the event a lesser amount is allocated by the Administrative Agentallocated, the difference between the current amount and the allocated amount will be prepaid on the Amendment No. 13

Appears in 1 contract

Samples: Credit Agreement (Harsco Corp)

Cashless Settlement Option. ¨ to convert 100% of the outstanding principal amount of the Term Loans under the Credit Agreement B Loan held by such Lender (or such lesser amount allocated to such Lender by the Administrative AgentArrangers) into a Term B-1 Loans under the Credit Agreement as amended by the Amendment Loan in a like principal amount. In Post-Closing Settlement Option ¨ to have 100% of the event a lesser outstanding principal amount is allocated of the Term B Loan held by the Administrative Agent, the difference between the current amount and the allocated amount will be such Lender prepaid on the Amendment No. 11 Effective Date and purchase by assignment a principal amount of Term B-1 Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the Arrangers).

Appears in 1 contract

Samples: Joinder Agreement (TC3 Health, Inc.)

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