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.
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 Xxxxx 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-
Cashless Settlement Option with respect to its Tranche B-3 Term Loans.
Examples of Cashless Settlement Option in a sentence
The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents as follows (check ONE option): Cashless Settlement Option FORMCHECKBOX to convert 100% of the outstanding principal amount of the Tranche B-1 Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 7 Arrangers) into Tranche B-4 Term Loans 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.
The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents as follows (check ONE option for the Term B-7 Loans held by such Lender): Cashless Settlement Option to convert 100% of the outstanding principal amount of the Term B-7 Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 9 Arrangers) into a Term B-8 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 FORMCHECKBOX to convert 100% of the outstanding principal amount of the Tranche B-3 Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 7 Arrangers) into Tranche B-4 Term Loans in a like principal amount.
More Definitions of Cashless Settlement Option
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-
Cashless Settlement Option shall have the meaning assigned to such term in the Consent (as such term is defined in Amendment No. 2) to Amendment No. 2.
Cashless Settlement Option in its Existing Loans (each an “Existing Lender” and collectively, the “Existing Lenders”).
Cashless Settlement Option has the meaning assigned to such term in Section 2.1(d). Annex X-1
Cashless Settlement Option. (each, a “Cashless Option Lender”) shall be deemed to have exchanged all (or such lesser amount as the Arranger together with the Administrative Agent may allocate) of its Term B-2 Loans under the Credit Agreement (which existing Term B-2 Loans shall thereafter no longer be deemed to be outstanding) for Term B-3 Loans under the Credit Agreement, as amended by this Amendment (the “Amended Credit Agreement”), in the same aggregate principal amount as such Lender’s Term B-2 Loans under the Credit Agreement (or such lesser amount as the Arranger together with the Administrative Agent may allocate; any such principal amount of Term B-2 Loans not allocated for exchange to Term B-3 Loans, the “Non-Allocated Term Loans”), and such Lender shall thereafter be a Lender under the Amended Credit Agreement;
Cashless Settlement Option allocation in accordance with Amendment No. 2 in the case of each Cashless Option Lender and (B) in amount equal to $398,000,000 minus the aggregate Cashless Settlement Option allocations in accordance with Amendment No. 1 (such amount being $46,882,698.06) in the case of the Additional Term B-3 Lender. The initial Interest Periods for all Eurocurrency Rate Term B-3 Loans made on the Amendment No. 2 Effective Date shall be the same Interest Periods applicable to the Eurocurrency Rate Term B-2 Loans immediately prior to the Amendment No. 2 Effective Date. Notwithstanding the foregoing, any Cashless Option Lender as defined in accordance with Amendment No. 2 shall not actually make a loan on the Amendment No. 2 Effective Date but shall be deemed to have exchanged all (or such lesser amount as the Amendment No. 2 Arranger together with the Administrative Agent may allocate) of its Term B-2 Loans for Term B-3 Loans, in accordance with Amendment No. 2.”
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;