Common use of Cashless Settlement Option Clause in Contracts

Cashless Settlement Option. ¨ to convert 100% of the outstanding principal amount of the Term B Loan held by such Lender (or such lesser amount allocated to such Lender by the Arrangers) into a Term B-1 Loan in a like principal amount. Post-Closing Settlement Option ¨ to have 100% of the outstanding principal amount of the Term B Loan held by such Lender prepaid on the Amendment No. 1 Effective Date and purchase by assignment the 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 (Dunkin' Brands Group, Inc.)

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Cashless Settlement Option. ¨ to convert exchange 100% of the outstanding principal amount of the Tranche B Dollar Term B Loan held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 1 Arrangers) into for a Tranche B-1 Dollar Term B-1 Loan in a like principal amount. Post-Closing Settlement Option ¨ to have 100% of the outstanding principal amount of the Term B Loan held by such Lender prepaid on the Amendment No. 1 Effective Date and purchase by assignment the 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: Credit and Guaranty Agreement (IMS Health Holdings, Inc.)

Cashless Settlement Option. ¨ to convert 100% of the outstanding principal amount of the Term B B-1 Loan held by such Lender (or such lesser amount allocated to such Lender by the Arrangers) into a Term B-1 B-2 Loan in a like principal amount. Post-Closing Settlement Option ¨ to have 100% of the outstanding principal amount of the Term B B-1 Loan held by such Lender prepaid on the Amendment No. 1 2 Effective Date and purchase by assignment the a principal amount of Term B-1 B-2 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 (Emdeon Inc.)

Cashless Settlement Option. ¨ to convert 100% of the outstanding principal amount of the existing Tranche 2 Term B Loan held by such Lender (or such lesser amount allocated after giving effect to such Lender by the ArrangersPrepayment) into Tranche 3 Term Loans and Tranche 4 Term Loans on a Term B-1 Loan in a like principal amount. Post-Closing Settlement Option ¨ to have 100% of the outstanding principal amount of the Term B Loan held by such Lender prepaid on the Amendment No. 1 Effective Date and purchase by assignment the principal amount of Term B-1 Loans committed to separately by the undersigned pro rata basis (or such lesser amount allocated to such Lender other basis as determined by the ArrangersArranger).

Appears in 1 contract

Samples: Amendment Agreement (CommScope Holding Company, Inc.)

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Cashless Settlement Option. ¨ to convert 100% of the outstanding principal amount of the Existing Term B Loan Loans held by such Lender (or such lesser amount allocated to such Lender by the Arrangers) into a Tranche B Term B-1 Loan in a like principal amount. Post-Closing Settlement Option ¨ to have 100% of the outstanding principal amount of the Existing Term B Loan Loans held by such Lender prepaid on the Second Amendment No. 1 Effective Date and purchase by assignment the principal amount of Tranche B Term B-1 Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the Arrangers)undersigned.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (E.W. SCRIPPS Co)

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