Cashless Rollover of Existing Term Loans. Each Cashless Term Lender agrees that, on the Twelfth Amendment Effective Date, all (or such lesser amount corresponding to the amount of Repriced Term Loans as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be exchanged (pursuant to subsection 3.4(h) of the Existing Credit Agreement) for Repriced Term Loans under the Amended Credit Agreement, and such Existing Term Loans so exchanged shall be deemed repaid in full on the Twelfth Amendment Effective Date, including with respect to all accrued and unpaid interest, fees, expenses and other compensation owed to such Cashless Term Lender and due and payable by the Borrower pursuant to this Amendment and the Existing Credit Agreement. Each Cashless Term Lender acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to allocate Repriced Term Loans to such Lender in an amount equal to 100% of the principal amount of its Existing Term Loans, in which case the difference between the principal amount of such Xxxxxx’s Existing Term Loans as of immediately prior to the Twelfth Amendment Effective Date and the principal amount of Repriced Term Loans allocated to such Lender by the Administrative Agent, if any, will be repaid on, and subject to the occurrence of, the Twelfth Amendment Effective Date. Each Cashless Term Lender waives any right to receive any payments under subsection 3.12 of the Amended Credit Agreement as a result of the Repricing Transactions.
Cashless Rollover of Existing Term Loans. Each Cashless Term Xxxxxx agrees that, upon the Amendment No. 4 Effective Date, all (or such lesser amount as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be converted to 2024 Specified Refinancing Term Loans under the Amended Credit Agreement, and such Existing Term Loans shall be deemed repaid in full on the Amendment No. 4 Effective Date, including for all accrued and unpaid interest, fees, expenses and other compensation owed to such Cashless Term Lender and due and payable by the Borrower pursuant to this Amendment and the Credit Agreement.
Cashless Rollover of Existing Term Loans. Each Cashless Term Lender agrees that, upon the Second Amendment Effective Date, all (or such lesser amount as the Administrative Agent may allocate to such Lender) of its Existing Term Loans shall be converted to New Term Loans under the Credit Agreement (as amended by this Amendment), and such Existing Term Loans shall be deemed repaid in full on the Second Amendment Effective Date, including for all accrued and unpaid interest, fees, expenses and other compensation owed to such Cashless Term Lender and due and payable by the Borrower pursuant to this Amendment and the Credit Agreement.
