Examples of Cashless Option Lender in a sentence

Each Cashless Option Lender and the Additional Term B-3 Lender hereby agrees, on the Amendment No. 2 Effective Date and on the terms and conditions set forth herein and in the Amended Credit Agreement, to (x) exchange all (or such lesser amount as the Arranger together with the Administrative Agent may allocate) of its Term B-2 Loans for Term B-3 Loans or (y) make Term B-3 Loans, as applicable, in accordance with Section 2.01(a)(ii) of the Amended Credit Agreement.
Each Cashless Option Lender shall, effective on the Second Amendment Effective Date, automatically become party to the Amended Credit Agreement as a Lender.
Notwithstanding the foregoing, each Cashless Option Lender shall be deemed to make a Term Loan on the Effective Date by having exchanged all (or such lesser amount as the Administrative Agent may allocate) of its Term Loans for Term B Loans, in accordance with the Restatement Agreement.
The Administrative Agent shall have received from each of the Borrowers, each other Loan Party, each Cashless Option Lender and Citibank, N.A., a counterpart of this Amendment signed by such party or facsimile or other written confirmation (in form satisfactory to the Administrative Agent) that such party has signed a counterpart hereof.
After all, by arming the recruits with weapons, it can safely be concluded that X and Y willingly took the risk that may result in the use of the weapons.

More Definitions of Cashless Option Lender

Cashless Option Lender has the meaning set forth in Amendment No. 1 or Amendment No. 3, as applicable in context.

Cashless Option Lender has the meaning assigned to such term in the Amendment No. 1.

Cashless Option Lender means each Lender that has executed and delivered a Consent indicating the “Cashless Settlement Option.” “Change in Control” shall mean the occurrence of one or more of the following events: (i) any sale, lease, exchange or other transfer (in a singletransaction or a series of related transactions) of all or substantially all of the assets of the Borrower to any Person or “group” (within the meaning of theExchange Act and the rules of the Securities and Exchange Commission thereunder in effect on the date hereof), (ii) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or “group” (within the meaning of the Exchange Act and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof), other than Permitted Holders, of 50% or more of the outstanding Common Voting Shares and any other common stock at any time issued by the Borrower, other than the Borrower’s Class A Common Shares, or (iii) during any period of 24 consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals who are Continuing Directors. As used herein, “Common Voting Shares” shall mean the common Equity Interests of the Borrower designated as Common Voting Shares. For the avoidance of doubt, Common Voting Shares do not include the Borrower’s Class A Common Shares.

Cashless Option Lender has the meaning specified in the Amendment and Restatement Agreement.