Cashless Settlement Option allocation in accordance with Amendment No. 4, in the case of each Cashless Option Term A Lender and (y) $250,000,000 minus the aggregate Cashless Settlement Option allocations in accordance with Amendment No. 4 (such aggregate amount of allocations being $250,000,000), in the case of the Additional Term A-2 Lenders. Notwithstanding the foregoing, any Cashless Option Term A-1 Lender shall not be required to deliver any additional amounts on the Amendment No. 4 Effective Date but shall make Term A-2 Loans cashlessly with the proceeds of the repayment of all (or such lesser amount as the Amendment No. 4 Arrangers together with the Administrative Agent may allocate) of its Term A Loans in accordance with Amendment No. 4. Amounts borrowed under this Section 2.01(g) and repaid or prepaid may not be reborrowed. Term A-2 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Cashless Settlement Option with respect to its Tranche B-1 Term Loans.
Cashless Settlement Option. “Amendment No. 4 Consent” means a consent to Amendment No. 4 substantially in the form of Exhibit A attached thereto. “Amendment No. 4 Effective Date” means August 15, 2017, which is the first Business Day on which all of the conditions precedent set forth in Section 4 of Amendment No. 4 have been satisfied or waived and the Term B-3 Loans are funded or deemed funded through a cashless settlement pursuant to Section 2.01(d)(i), as applicable. “Amendment No. 4 Non-Exchanging Lender” means each Lender holding Term B-2 Loans on the Amendment No. 4 Effective Date that (i) did not execute and deliver an Amendment No. 4 Consent on or prior to the Amendment No. 4 Effective Date or (ii) is an Amendment No. 4 Post-Closing Option Lender. “Amendment No. 4 Post-Closing Option Lender” means each Lender that executed and delivered an Amendment No. 4 Consent indicating the “Post-Closing Settlement Option.” “Amendment No. 5” means Amendment No. 5 to this Agreement, dated as of April 11, 2018. “Amendment No. 5 Arrangers” means SunTrust Xxxxxxxx Xxxxxxxx, Inc., Citibank, N.A. and Xxxxxxx Xxxxx Lending Partners LLC, in their capacity as the joint lead arrangers and joint bookrunning managers for Amendment No. 5. “Amendment No. 5 Cashless Option Lender” means each Lender that has executed and delivered an Amendment No. 5 Consent indicating the “Cashless Settlement Option.” “Amendment No. 5 Consent” means a consent to Amendment No. 5 substantially in the form of Exhibit A attached thereto. “Amendment No. 5 Effective Date” means April 11, 2018, which is the first Business Day on which all of the conditions precedent set forth in Section 4 of Amendment No. 5 have been satisfied or waived and the Term B-4 Loans are funded or deemed funded through a cashless settlement pursuant to Section 2.01(e)(i), as applicable. “Amendment No. 5 Non-Exchanging Lender” means each Lender holding Term B-3 Loans on the Amendment No. 5 Effective Date that (i) did not execute and deliver an Amendment No. 5 Consent on or prior to the Amendment No. 5 Effective Date or (ii) is an Amendment No. 5 Post-Closing Option Lender. “Amendment No. 5 Post-Closing Option Lender” means each Lender that executed and delivered an Amendment No. 5 Consent indicating the “Post-Closing Settlement Option.” “Amendment No. 6” means Amendment Agreement No. 6 to this Agreement, dated as of November 9, 2018. -7- “Amendment No. 6 Arrangers” means Xxxxx Fargo Securities, LLC and Citibank, N.A., in their respective capacities as t...
Examples of Cashless Settlement Option in a sentence
The undersigned Repricing Term Loan Lender hereby consents to the Amendment and agrees as follows with respect to its Existing Term Loans: [Check ONLY ONE of the two boxes below] Consent and Cashless Settlement Option The undersigned Repricing Term Loan Lender agrees to 100% of the outstanding principal amount of such Repricing Term Loan Lender’s Existing Term Loans converted, on a cashless basis, to Repriced Term Loans for all purposes under the Amended Credit Agreement.
By delivery of this letter agreement (this “Tranche B-2 Participation Notice”), each of the undersigned (each a “Participating Lender”), hereby irrevocably consents to the Amendment and the amendment of the Credit Agreement contemplated thereby and (check as applicable): NAME OF PARTICIPATING LENDER: AMOUNT OF EXISTING TERM LOANS OF SUCH PARTICIPATING LENDER: $ ☐ Cashless Settlement Option.
By delivery of this letter agreement (this “Tranche B-1 Participation Notice”), each of the undersigned (each a “Repricing Participating Lender”), hereby irrevocably consents to the Amendment and the amendment of the Credit Agreement contemplated thereby and (check as applicable): o Cashless Settlement Option.
New faculty in the first years of their appointment will not be penalized if their performance is lower than other faculty in the department.As part of the annual evaluation, each tenure track faculty member submits a percent effort indicating how they wish to be evaluated over the next year in the areas of service, teaching, and research.
The undersigned Lenders understands and accepts that, regardless of whether such Lender elect the Cashless Settlement Option, the Administrative Agent may, in its sole discretion, elect to exchange (on a cashless basis) less than 100% of its existing hold, in which case the difference between the current amount and the allocated amount will be prepaid to such Lender on the Second Amendment Effective Date on a pro rata basis.
More Definitions of Cashless Settlement Option
Cashless Settlement Option. (each, a “Cashless Option Lender”) shall be deemed to have consented to this Amendment and shall be deemed to have exchanged all (or such lesser amount as the Amendment No. 8 Lead Arranger and Bookrunner (as defined below) shall allocate) of its Replacement Term Loans (which Replacement Term Loans shall thereafter no longer be deemed to be outstanding) for Replacement 2023 Term B Loans in the same aggregate principal amount as such Lender’s Replacement Term Loans (or such lesser amount as the Amendment No. 8 Lead Arranger and Bookrunner may allocate), and such Lender shall thereafter be a Replacement 2023 Term B Loan Lender under the Credit Agreement (after giving effect to the amendment and restatement of the Credit Agreement pursuant to Section 2 below);
Cashless Settlement Option. (each, a “Cashless Option Lender”) shall be deemed to have converted all (or such lesser amount allocated to such Existing Lender by the Arrangers) of its Existing Term Loans (which Existing Term Loans shall thereafter no longer be deemed to be outstanding) into Initial Term Loans under the Amended Credit Agreement in the same aggregate principal amount as such Existing Lender’s Existing Term Loans (or such lesser amount allocated to such Existing Lender by the Arrangers), and such Existing Lender shall thereafter be a Lender under the Amended Credit Agreement;
Cashless Settlement Option. (each, a “Cashless Option Lender”) shall be deemed to have converted all of its Initial Term Loans (which Initial Term Loans shall thereafter no longer be deemed to be outstanding) to Tranche B Term Loans in the same aggregate principal amount as such Initial Term Loan Lender’s Initial Term Loans (or such lesser amount as determined by the Second Amendment Arrangers (as defined below));
Cashless Settlement Option. (each, a “Cashless Option Lender”) shall be deemed to have exchanged all (or such lesser amount as the Arranger together with the Administrative Agent may allocate) of its Term B-2 Loans under the Credit Agreement (which existing Term B-2 Loans shall thereafter no longer be deemed to be outstanding) for Term B-3 Loans under the Credit Agreement, as amended by this Amendment (the “Amended Credit Agreement”), in the same aggregate principal amount as such Lender’s Term B-2 Loans under the Credit Agreement (or such lesser amount as the Arranger together with the Administrative Agent may allocate; any such principal amount of Term B-2 Loans not allocated for exchange to Term B-3 Loans, the “Non-Allocated Term Loans”), and such Lender shall thereafter be a Lender under the Amended Credit Agreement;
Cashless Settlement Option allocation in accordance with Amendment No. 1 in the case of each Cashless Option Lender and (y) in an amount equal to $675,000,000 minus the aggregate Cashless Settlement Option allocations in accordance with Amendment No. 1 (such amount being $150,020,093.33) in the case of the Additional Term B-1 Lender. Notwithstanding the foregoing, any Cashless Option Lender shall not be required to deliver any additional amounts on the Amendment No. 1 Effective Date but shall make Domestic Term B-1 Loans cashlessly with the proceeds of the repayment of all (or such lesser amount as the Amendment No. 1 Arrangers together with the Administrative Agent may allocate) of its Domestic Term Loans in accordance with Amendment No. 1.
Cashless Settlement Option allocation in accordance with Amendment No. 2 in the case of each Cashless Option Lender and (B) in amount equal to $398,000,000 minus the aggregate Cashless Settlement Option allocations in accordance with Amendment No. 1 (such amount being $46,882,698.06) in the case of the Additional Term B-3 Lender. The initial Interest Periods for all Eurocurrency Rate Term B-3 Loans made on the Amendment No. 2 Effective Date shall be the same Interest Periods applicable to the Eurocurrency Rate Term B-2 Loans immediately prior to the Amendment No. 2 Effective Date. Notwithstanding the foregoing, any Cashless Option Lender as defined in accordance with Amendment No. 2 shall not actually make a loan on the Amendment No. 2 Effective Date but shall be deemed to have exchanged all (or such lesser amount as the Amendment No. 2 Arranger together with the Administrative Agent may allocate) of its Term B-2 Loans for Term B-3 Loans, in accordance with Amendment No. 2.”
Cashless Settlement Option has agreed to convert and/or continue all of its Existing Term Loans as Seventh Amendment Replacement Term Loans (such converted and/or continued Existing Term Loans subject to the Cashless Rollover (as defined below), the “Continuing Term Loans”, and such Existing Term Lenders, collectively, the “Continuing Term Lenders”) in an aggregate principal amount equal to such Continuing Term Lender’s Cashless Settlement Allocated Amount (as defined below), in each case subject to the terms and conditions set forth herein and (ii) each Existing Term Lender that executes and delivers a Lender Addendum indicating the “Post-Closing Settlement Option” (each, a “Post-Closing Option Term Lender” and, together with the Continuing Term Lenders, collectively, the “Consenting Term Lenders”) has agreed to have 100% of the outstanding principal amount of its Existing Term Loans prepaid on the Amendment Effective Date and purchase by assignment Seventh Amendment Replacement Term Loans on or after the Amendment Effective Date in an aggregate principal amount equal to such Post-Closing Option Term Lender’s Cash Settlement Allocated Amount (as defined below);