Continuing Lenders. On the date hereof, (a) all outstanding Liabilities under the Existing Agreement owed to any "Lender" that is not continuing as a Lender under this Agreement (each a "Non-Continuing Lender") shall be repaid in full by Borrower and such Non-Continuing Lender's commitment under the Existing Agreement shall be terminated and (b) with respect to Lenders which are continuing as Lenders under this Agreement (the "Continuing Lenders"), Administrative Agent shall make appropriate allocations and adjustments in the initial funding instructions to the Lenders to reflect the modifications effected by the Loan Documents to each Continuing Lender's Commitment.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (Prentiss Properties Trust/Md)