Common use of Cashless Settlement Option Clause in Contracts

Cashless Settlement Option. Hereby (i) elects, upon the Effective Date, to exchange the full amount (or such lesser amount as may be allocated to it by the Lead Arranger) of the outstanding Existing Term Loans of such Participating Lender for an equal outstanding amount of 2018 Repriced Term Loans under the Amended Credit Agreement and (ii) represents and warrants to the Administrative Agent that it has the organizational power and authority to execute, deliver and perform its obligations under this letter agreement and the Amendment (including, without limitation, with respect to any exchange contemplated hereby) and has taken all necessary corporate and other organizational action to authorize the execution, delivery and performance of this letter agreement and the Amendment.

Cashless Settlement Option. Hereby (i) elects, upon the Amendment No. 4 Effective Date, to exchange the full amount (or such lesser amount as may be allocated to it such Converting Lender by the Lead ArrangerArrangers) of the outstanding Existing Term Loans of such Repricing Participating Lender for an equal outstanding amount of 2018 Repriced Tranche B-2 Term Loans under the Amended Credit Agreement and (ii) represents and warrants to the Term Administrative Agent that it has the organizational power and authority to execute, deliver and perform its obligations under this letter agreement Tranche B-2 Participation Notice and the Amendment (including, without limitation, with respect to any exchange contemplated hereby) and has taken all necessary corporate and other organizational action to authorize the execution, delivery and performance of this letter agreement Tranche B-2 Participation Notice and the Amendment.

Cashless Settlement Option. Hereby (i) elects, upon the Amendment No. 1 Effective Date, to exchange the full amount (or such lesser amount as may be allocated to it such Converting Lender by the Lead Arranger) of the outstanding Existing Term Loans of such Repricing Participating Lender for an equal outstanding amount of 2018 Repriced Tranche B-1 Term Loans under the Amended Credit Agreement and (ii) represents and warrants to the Administrative Agent that it has the organizational power and authority to execute, deliver and perform its obligations under this letter agreement Tranche B-1 Participation Notice and the Amendment (including, without limitation, with respect to any exchange contemplated hereby) and has taken all necessary corporate and other organizational action to authorize the execution, delivery and performance of this letter agreement Tranche B-1 Participation Notice and the Amendment.