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

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

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

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

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

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

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. □ to have 100% of the outstanding principal amount in Dollarsof the Existing Term Loans held by such Lender prepaid on the Second Amendment Effective Date and purchase by assignment the principal amount of Tranche B Term Loans committed to separately by the undersigned.

Appears in 1 contract

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

Cashless Settlement Option. to convert 100% of the outstanding principal amount of the Existing Term B2 Loans held by such Existing Term B2 Loan Lender (or such lesser amount as notified allocated to such Lender by the Administrative AgentSecond Refinancing Amendment Arranger) into new Term B2 B-3 Loans in a like principal amount in Dollarsamount.

Appears in 1 contract

Sources: Credit Agreement (New Whale Inc.)

Cashless Settlement Option. ☐ to convert exchange 100% of the outstanding principal amount of the Existing New Term B2 Loans held by such Lender for Term B2 Lender B-1 Loans in an equal principal amount (or such lesser amount as may be notified to such Lender by JPMorgan Chase Bank, N.A. prior to the Administrative Agent) into new Term B2 Loans in a like principal amount in DollarsAmendment No. 1 Effective Date).

Appears in 1 contract

Sources: Credit Agreement (Virtu Financial, Inc.)

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

Sources: Credit Agreement (Summit Materials, LLC)

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

Sources: First Lien Credit Agreement (EVO Payments, Inc.)