Common use of Cashless Settlement Option Clause in Contracts

Cashless Settlement Option. ☐ to convert 100% of the outstanding principal amount of the Existing Term B2 Loans held by such Term B2 Lender (or such lesser amount as notified to such Lender by the Administrative Agent) into new Term B2 Loans in a like principal amount in Dollars.

Appears in 2 contracts

Samples: Credit Agreement (Engility Holdings, Inc.), Credit Agreement (Engility Holdings, Inc.)

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Cashless Settlement Option. ☐ to convert 100% of the outstanding principal amount of the Existing Term B2 B1 Loans held by such Term B2 B1 Lender (or such lesser amount as notified to such Lender by the Administrative Agent) into new Term B2 B1 Loans in a like principal amount in Dollars.

Appears in 2 contracts

Samples: Credit Agreement (Engility Holdings, Inc.), Credit Agreement (Engility Holdings, Inc.)

Cashless Settlement Option. o to convert 100% of the outstanding principal amount of the Existing Term B2 Loans held by such Term B2 Lender (or such lesser amount as notified allocated to such Lender by the Administrative AgentLead Arranger) into new Term B2 B Loans (as defined in the Amended and Restated Credit Agreement) in a like principal amount in Dollarsamount.

Appears in 1 contract

Samples: Restatement Agreement (EVO Payments, Inc.)

Cashless Settlement Option. ☐ to convert 100% of the outstanding entire aggregate principal amount of the Existing its Initial Term B2 Loans held by such Loan to a Term B2 Lender B Loan (or such lesser amount as may be notified to such Lender by the Administrative Agent) into new Term B2 Loans in a like principal amount in Dollars.on the Amendment No. 1

Appears in 1 contract

Samples: Term Loan Credit Agreement (Vertiv Holdings Co)

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Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Existing Term B2 Loans held by such Lender into a Tranche B Term B2 Lender (or such lesser amount as notified to such Lender by the Administrative Agent) into new Term B2 Loans Loan in a like principal amount in Dollarsamount.

Appears in 1 contract

Samples: Credit Agreement (E.W. SCRIPPS Co)

Cashless Settlement Option. ¨ to convert 100% of the outstanding principal amount of the Existing New Term B2 Loans held by such Term B2 Lender (or such lesser amount as notified to such Lender by the Administrative Agent) into new Term B2 B-1 Loans under the Amended Credit Agreement in a like principal amount in Dollarsamount.

Appears in 1 contract

Samples: Credit Agreement (Summit Materials, LLC)

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