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. Telos CLO 2007-2, Ltd as Term Lender By: /s/ Xxxxxxxx Xxxxxx Name Xxxxxxxx Xxxxxx Title: Director If a second signature is necessary: By: Name: Title: AMENDMENT NO. 2 — PRESS XXXXX FIRST LIEN

Appears in 2 contracts

Samples: First Lien Credit Agreement (PGA Holdings, Inc.), First Lien Credit Agreement (PGA Holdings, Inc.)

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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. Telos CLO 2007-2Congressional Bank, Ltd as a Term Lender By: /s/ Xxxxxxxx Xxxx Xxxxxx Name Xxxxxxxx Name: Xxxx Xxxxxx Title: Director President & COO If a second signature is necessary: By: NA Name: Title: AMENDMENT NONo. 2 — PRESS XXXXX FIRST LIEN

Appears in 2 contracts

Samples: First Lien Credit Agreement (PGA Holdings, Inc.), First Lien Credit Agreement (PGA Holdings, Inc.)

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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. Telos CLO 2007-2, Ltd Lake City Bank as a Term Lender By: /s/ Xxxxxxxx X. Xxxxxx Name Xxxxxxxx X. Xxxxxx Title: Director Vice President If a second signature is necessary: By: Name: Title: AMENDMENT NO. 2 — PRESS XXXXX FIRST LIEN

Appears in 2 contracts

Samples: First Lien Credit Agreement (PGA Holdings, Inc.), First Lien Credit Agreement (PGA Holdings, Inc.)

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