Existing Credit Agreement Superseded. This Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 14.30 and Section 3.6. On the Closing Date, the rights and obligations of the parties under the Existing Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided however, that any of the “Committed Loans” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall, for purposes of this Agreement, be Committed Loans hereunder. The Lenders’ interests in such Committed Loans and participations in Letters of Credit shall be reallocated on the Closing Date in accordance with each Lender’s applicable Revolving Credit Commitments and Alternative Currency Commitments. On the Closing Date, (w) the Revolving Credit Commitment and Alternative Currency Commitment of each Lender that is a party to the Existing Credit Agreement but is not a party to this Agreement (an “Exiting Lender”) will be terminated, all outstanding Obligations owing to the Exiting Lenders will be repaid in full, and each Exiting Lender will cease to be a Lender under the Existing Agreement and will not be a Lender under this Agreement, (x) each Person listed on Schedule 1.1A attached to this Agreement shall be a Lender under this Agreement with the Revolving Credit Commitment and Alternative Currency Commitment set forth opposite its name on such Schedule 1.1A, (y) each Person listed on Schedule 1.1B attached to this Agreement shall be a Swingline Lender under this Agreement with the Swingline Commitment set forth opposite its name on such Schedule 1.1B, and (z) each Person listed on Schedule 1.1C attached to this Agreement shall be an Issuing Bank under this Agreement with the Letter of Credit Commitment set forth opposite its name on such Schedule 1.1C.
Existing Credit Agreement Superseded. This Credit Agreement shall on the Closing Date supersede the Existing Credit Agreement in its entirety, except as provided in this §17. On the Closing Date, the rights and obligations of the parties evidenced by the Existing Credit Agreement shall be evidenced by the Credit Agreement.
Existing Credit Agreement Superseded. This Agreement shall, on the Closing Date, supersede the Existing Credit Agreement in its entirety. On the Closing Date, (i) the rights and obligations of the parties under each of the Existing Credit Agreement and the “Notes” defined therein shall cease to be governed by the Existing Credit Agreement and shall be governed by this Agreement and the Notes; (ii) the “Obligations” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement with respect to the Revolving Loans shall be Obligations hereunder; and (iii) the Obligations incurred under the Existing Credit Agreement shall, to the extent outstanding on the Closing Date, continue outstanding under this Agreement and shall not be deemed to be paid, released, discharged or otherwise satisfied by the execution of this Agreement. The Lenders’ interests in such Obligations, and participations in such Letters of Credit, shall be reallocated on the Closing Date in accordance with each Lender’s applicable Revolving Commitment Percentages.
Existing Credit Agreement Superseded. Each of the Borrower and each other Loan Party, the Administrative Agent, the L/C Issuer and the Lenders hereby agree that upon the effectiveness of this Agreement, (i) the terms and provisions of the Existing Credit Agreement shall be and hereby are amended and restated in their entirety by the terms, conditions and provisions of this Agreement, and the terms and provisions of the Existing Credit Agreement shall be superseded by this Agreement and (ii) all references in the other Loan Documents to the Existing Credit Agreement shall be deemed to refer without further amendment to this Agreement, as the same may from time to time be amended, restated, supplemented or otherwise modified.
Existing Credit Agreement Superseded. Upon the effectiveness of this Agreement, this Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 32. As of the Effective Date, the rights and obligations of the parties under the Existing Credit Agreement shall be subsumed within and be governed by this Agreement, provided, however, that each of the "Loans" (as defined in the Existing Credit Agreement) advanced by the Banks and outstanding under the Existing Credit Agreement on the Effective Date shall, for purposes of this Agreement, be Loans, and shall continue to bear interest at (x) if such Loans are Eurodollar Rate Loans, at the then applicable Eurodollar Rate plus, in each case, the Applicable Margin for the remainder of the then current Interest Period or (y) if such Loans are Base Rate Loans (other than Domestic Swing Line Loans), at the Base Rate plus the Applicable Margin; and provided, further, that each "Letter of Credit" (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement on the Effective Date shall, for purposes of this Agreement, be a Letter of Credit. Interest with respect to Loans outstanding under the Existing Credit Agreement on the Effective Date, commitment fees, and other fees and expenses owing or accruing under or in respect of the Existing Credit Agreement shall be paid at the times provided herein for Base Rate Loans and
Existing Credit Agreement Superseded. On the Closing Date, this Credit Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this 29. On the Closing Date, the rights and obligations of the parties hereto evidenced by the Existing Credit Agreement shall be evidenced by this Credit Agreement and the other Loan Documents, the "Loans" as defined in the Existing Credit Agreement shall be converted to Loans as defined herein and the Existing Letters of Credit issued by the Issuing Lender for the account of the Borrowers or any of their Subsidiaries prior to the Closing Date shall be deemed to be Letters of Credit under this Credit Agreement.
Existing Credit Agreement Superseded. This Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this §32. On the Effective Date, the rights and obligations of the parties under each of the Existing Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided however, that any of the “Outstanding Obligations” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall, for purposes of this Agreement, be Outstanding Obligations hereunder. The Lenders’ interests in such Outstanding Obligations, and participations in such Letters of Credit shall be reallocated on the Effective Date in accordance with each Lender’s applicable Commitment Percentage.
Existing Credit Agreement Superseded. This Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 12.20 and Section 2.3(a). On the Effective Date, the rights and obligations of the parties under the Existing Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided however, that any of the “Revolving Loans” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall, for purposes of this Agreement, be Revolving Loans hereunder. The Lenders’ interests in such Revolving Loans and participations in such Letters of Credit shall be reallocated on the Effective Date in accordance with each Lender’s applicable Commitment Percentage, and the Lenders shall make such purchases of Revolving Loans from each other as necessary to effect such reallocation. On the Effective Date, each Person listed on Schedule I attached to this Agreement shall be a Lender under this Agreement with the Commitment set forth opposite its name on such Schedule I.
Existing Credit Agreement Superseded. This Credit Agreement shall on the Closing Date amend, restate, and supersede the Existing Credit Agreement in its entirety, except as provided in this Article 17. On the Closing Date, the rights and obligations of the parties evidenced by the Existing Credit Agreement shall be evidenced by this Credit Agreement. All “Obligations” (as defined in the Existing Credit Agreement) shall continue to be outstanding except as expressly modified by this Credit Agreement and any other applicable Loan Documents and shall be governed in all respects by this Credit Agreement and the other Loan Documents, it being agreed and understood that this Credit Agreement represents a modification of, and does not constitute a novation, satisfaction, payment or reborrowing of any Obligation (as defined in the Existing Credit Agreement), nor does it operate as a waiver of any right, power or remedy of the Administrative Agent, the Issuing Bank or any Lender under any “Loan Documents” (as defined in the Existing Credit Agreement). 148
Existing Credit Agreement Superseded. This Credit Agreement shall on the Restatement Date supersede the Existing Credit Agreement in its entirety, except as provided in this §30. On the Restatement Date, the rights and obligations of the parties evidenced by the Existing Credit Agreement shall be evidenced by this Credit Agreement and the other Loan Documents, the "Loans" as defined in the Existing Credit Agreement shall be converted to Loans as defined herein as provided in §1.3.
