Common use of Fungibility Clause in Contracts

Fungibility. The parties hereto intend to treat all of the Term B Loans (including the Term B Loans funded pursuant to the Additional Term B Loan Commitment and the Term B Loans converted from Initial Term Loans) as fungible for U.S. federal income tax purposes.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Vertiv Holdings Co), Term Loan Credit Agreement (Vertiv Holdings Co)

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Fungibility. The parties hereto intend to treat all of the Term B B-3 Loans (including the Term B B-3 Loans funded pursuant to the Additional Term B B-3 Loan Commitment and the Term B B-3 Loans converted from Initial Term B-2 Loans) as fungible for U.S. federal income tax purposes.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Vertiv Holdings Co)

Fungibility. The parties hereto intend to treat all of the Term B B-2 Loans (including the Term B B-2 Loans funded pursuant to the Additional Term B B-2 Loan Commitment and the Term B B-2 Loans converted from Initial Term B-1 Loans) as fungible for U.S. federal income tax purposes.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Vertiv Holdings Co)

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Fungibility. The parties hereto intend to treat all of the Term B B-1 Loans (including the Term B B-1 Loans funded pursuant to the Additional Term B B-1 Loan Commitment and the Term B B-1 Loans converted from Initial Term B Loans) as fungible for U.S. federal income tax purposes.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Vertiv Holdings Co)

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