Common use of Cashless Settlement Option Clause in Contracts

Cashless Settlement Option. ☐ to convert 100% of the outstanding principal amount of the Tranche B-3 Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 7 Arrangers) into Tranche B-4 Term Loans in a like principal amount. Post-Closing Settlement Option ☐ to have 100% of the outstanding principal amount of the Tranche B-3 Term Loans held by such Lender prepaid on the Amendment No. 7 Effective Date and purchase by assignment a like principal amount of Tranche B-4 Term Loans (or such lesser amount allocated to such Lender by the Amendment No. 7 Arrangers).

Appears in 1 contract

Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.)

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Cashless Settlement Option. ☐ to convert 100% of the outstanding principal amount of the Tranche B-3 Existing Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 7 1 Arrangers) into a Tranche B-4 B-1 Term Loans in a like principal amount. Post-Closing Settlement Option ☐ to have 100% of the outstanding principal amount of the Tranche B-3 Existing Term Loans held by such Lender prepaid on the Amendment No. 7 1 Effective Date and purchase by assignment a like the principal amount of Tranche B-4 B-1 Term Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the Amendment No. 7 1 Arrangers).

Appears in 1 contract

Samples: Credit Agreement (GoDaddy Inc.)

Cashless Settlement Option. ☐ to convert 100% of the outstanding principal amount of the Existing Tranche B-3 B-4 Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 7 ArrangersRBC Arranger) into Tranche B-4 B-7 Term Loans in a like principal amount. Post-Closing Settlement Option ☐ to have 100% of the outstanding principal amount of the Existing Tranche B-3 B-4 Term Loans held by such Lender prepaid on the Amendment No. 7 11 Effective Date and purchase by assignment a like the principal amount of Tranche B-4 B-7 Term Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the Amendment No. 7 ArrangersRBC Arranger).

Appears in 1 contract

Samples: Credit Agreement (GoDaddy Inc.)

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Cashless Settlement Option. ☐ to convert 100% of the outstanding principal amount of the Tranche B-3 B-1 Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 7 Arrangers) into Tranche B-4 Term Loans in a like principal amount. Post-Closing Settlement Option ☐ to have 100% of the outstanding principal amount of the Tranche B-3 B-1 Term Loans held by such Lender prepaid on the Amendment No. 7 Effective Date and purchase by assignment a like principal amount of Tranche B-4 Term Loans (or such lesser amount allocated to such Lender by the Amendment No. 7 Arrangers).

Appears in 1 contract

Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.)

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