Common use of Cashless Settlement Option:   o Post-Closing Settlement Option Clause in Contracts

Cashless Settlement Option:   o Post-Closing Settlement Option. To convert 100% of the outstanding principal amount of Existing Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) into New Term Loans in a like principal amount. To have 100% of the outstanding principal amount of Existing Term Loans held by such Lender prepaid on the Amendment No. 2 Effective Date and to agree to purchase from the Fronting Lenders pursuant to one or more Assignment and Assumptions New Term Loans in the principal amount of such Existing Term Loans (or such lesser amount allocated to such Lender by the Administrative Agent) on or immediately after the Amendment No. 2 Effective Date. Fraser Xxxxxxxx CLO VII Ltd. as a Term Lender By: FS COA Management, LLC, as Portfolio Manager By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Partner If a second signature is necessary: By: Name: Title:

Appears in 2 contracts

Samples: PGA Holdings, Inc., PGA Holdings, Inc.

AutoNDA by SimpleDocs

Cashless Settlement Option:   o Post-Closing Settlement Option. To convert 100% of the outstanding principal amount of Existing Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) into New Term Loans in a like principal amount. To have 100% of the outstanding principal amount of Existing Term Loans held by such Lender prepaid on the Amendment No. 2 Effective Date and to agree to purchase from the Fronting Lenders pursuant to one or more Assignment and Assumptions New Term Loans in the principal amount of such Existing Term Loans (or such lesser amount allocated to such Lender by the Administrative Agent) on or immediately after the Amendment No. 2 Effective Date. Fraser Xxxxxxxx Jamestown CLO VII I Ltd. as a Term Lender By: FS COA Management, 3i Debt Management U.S. LLC, as Portfolio Manager By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Partner If a second signature is necessary: By: Name: Title:

Appears in 2 contracts

Samples: PGA Holdings, Inc., PGA Holdings, Inc.

AutoNDA by SimpleDocs

Cashless Settlement Option:   o Post-Closing Settlement Option. To convert 100% of the outstanding principal amount of Existing Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) into New Term Loans in a like principal amount. To have 100% of the outstanding principal amount of Existing Term Loans held by such Lender prepaid on the Amendment No. 2 Effective Date and to agree to purchase from the Fronting Lenders pursuant to one or more Assignment and Assumptions New Term Loans in the principal amount of such Existing Term Loans (or such lesser amount allocated to such Lender by the Administrative Agent) on or immediately after the Amendment No. 2 Effective Date. Fraser Xxxxxxxx CLO VII Ltd. Inwood Park CDO LTD. as a Term Lender By: FS COA Management, LLC, as Portfolio Blackstone Debt Advisors LP As Collateral Manager By: /s/ Xxx Xxxxx Xxxxxx Name: Xxx Xxxxx Xxxxxx Title: Partner Authorized Signatory If a second signature is necessary: By: Name: Title:

Appears in 2 contracts

Samples: PGA Holdings, Inc., PGA Holdings, Inc.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!