Common use of Existing Credit Agreement Clause in Contracts

Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence that the Existing Credit Agreement has been, or concurrently with the Effective Date is being, terminated and all amounts outstanding thereunder are being repaid in full and all liens securing obligations under the Existing Credit Agreement have been, or concurrently with the Effective Date are being, released.

Appears in 3 contracts

Samples: Credit Agreement (Sealy Corp), Credit Agreement (Sealy Corp), Credit Agreement (Sealy Corp)

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Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence that the Existing Credit Agreement has been, or concurrently with the Effective Closing Date is being, terminated and all amounts outstanding thereunder are being repaid in full and all liens securing obligations under the Existing Credit Agreement have been, or concurrently with the Effective Closing Date are being, released.

Appears in 3 contracts

Samples: Credit Agreement (Railamerica Inc /De), Management Shareholder Agreement (Railamerica Inc /De), Credit Agreement (Railamerica Inc /De)

Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received customary evidence indicating that the Existing Credit Agreement has been, or concurrently with the Effective Closing Date is being, terminated and all amounts outstanding thereunder are being repaid in full and all liens securing obligations under the Existing Credit Agreement thereunder have been, or concurrently with the Effective Closing Date are being, released.

Appears in 3 contracts

Samples: Credit Agreement (KKR Financial Holdings LLC), Credit Agreement (KKR Financial Holdings LLC), Credit Agreement (KKR Financial Holdings LLC)

Existing Credit Agreement. The Administrative Agent Agent’s receipt of evidence, in form and substance satisfactory to the Security Agents shall have received evidence Administrative Agent, that the Existing Credit Agreement has been, been (or concurrently with the Effective Closing Date is being, ) terminated and all amounts outstanding thereunder are being repaid in full and all liens Liens securing obligations under the Existing Credit Agreement have been, been (or concurrently with the Effective Closing Date are being, ) released.

Appears in 2 contracts

Samples: Credit Agreement (Tempur Pedic International Inc), Credit Agreement (Ptek Holdings Inc)

Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence reasonably satisfactory that the Existing Credit Agreement has been, been or concurrently with the Effective Closing Date is being, terminated and all amounts outstanding thereunder are being repaid in full and all commitments to lend or make other extensions of credit thereunder have been terminated and all liens securing such indebtedness or other obligations under the Existing Credit Agreement thereunder have been, or concurrently with the Effective Date are being, releasedbeen released and/or terminated.

Appears in 2 contracts

Samples: Credit Agreement (Wesco Aircraft Holdings, Inc), Credit Agreement (Wesco Aircraft Holdings, Inc)

Existing Credit Agreement. The Receipt by the Administrative Agent and the Security Agents shall have received of evidence that the Existing Credit Agreement has been, been or concurrently with the Effective Closing Date is beingbeing terminated, terminated and all amounts outstanding owing thereunder are being repaid have been paid in full and all liens Liens securing obligations under the Existing Credit Agreement have been, been or concurrently with the Effective Closing Date are being, being released.

Appears in 2 contracts

Samples: Credit Agreement (Fortress Investment Group LLC), Credit Agreement (Fortress Investment Group LLC)

Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence evidence, in form and substance satisfactory to the Administrative Agent, that the Existing Credit Agreement has been, or concurrently with the Effective Closing Date is being, terminated and all amounts outstanding thereunder are being repaid in full obligations of the Borrower and all liens securing obligations its Subsidiaries under the Existing Credit Agreement have been, or concurrently with the Effective Closing Date are being, paid and fully satisfied and any liens thereunder shall have been released.

Appears in 1 contract

Samples: Credit Agreement (Potlatch Corp)

Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence that the Existing Credit Agreement has been, been or concurrently with the Effective Closing Date is being, being terminated and all amounts outstanding thereunder are being repaid in full and all liens Liens securing obligations under the Existing Credit Agreement have been, been or concurrently with the Effective Closing Date are being, being released.

Appears in 1 contract

Samples: Credit Agreement (Sierra Health Services Inc)

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Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence evidence, in form and substance satisfactory to the Administrative Agent, that the Existing Credit Agreement has been, or concurrently with the Effective Closing Date is being, terminated and all amounts outstanding thereunder are being repaid in full and all liens securing obligations of the Borrowers under the Existing Credit Agreement have been, or concurrently with the Effective Closing Date are being, releasedpaid and fully satisfied.

Appears in 1 contract

Samples: Credit Agreement (Potlatch Corp)

Existing Credit Agreement. The Administrative Agent Agent’s receipt of evidence, in form and substance satisfactory to the Security Agents shall have received evidence Administrative Agent, that the Existing Credit Agreement has been, been (or concurrently with the Effective Closing Date is being, ) terminated and all amounts outstanding thereunder are being repaid in full and all liens Liens securing obligations under the Existing Credit Agreement have been, been (or concurrently with the Effective Closing Date are being) released or assigned to, releasedor are otherwise in favor of, the Collateral Agent in connection with this Credit Agreement and the other Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Premiere Global Services, Inc.)

Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence evidence, in form and substance satisfactory to the Administrative Agent, that (i) the Existing Credit Agreement has been, or concurrently with the Effective Closing Date is being, terminated and all amounts outstanding thereunder are being repaid in full obligations of the Borrower and its Subsidiaries and any of their respective Affiliates under such Existing Credit Agreement shall be fully satisfied and (ii) all liens Liens, if any, securing obligations under the Existing Credit Agreement have been, or concurrently with the Effective Closing Date are being, completely and irrevocably released.

Appears in 1 contract

Samples: Credit Agreement (DST Systems Inc)

Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence evidence, in form and substance reasonably satisfactory thereto, that the Existing Credit Agreement has been, or concurrently with the Effective Closing Date is being, terminated and that all amounts outstanding thereunder are being repaid in full and all liens Liens securing obligations under the Existing Credit Agreement have been, or concurrently with the Effective Closing Date are being, released.

Appears in 1 contract

Samples: Credit Agreement (Digitalnet Holdings Inc)

Existing Credit Agreement. The Administrative Agent and the Security Agents shall have received evidence evidence, in form and substance satisfactory to the Administrative Agent, that the Existing Credit Agreement has been, or concurrently with the Effective Closing Date is being, terminated and all amounts outstanding thereunder are being repaid in full and all liens securing obligations of the Borrower under the Existing Credit Agreement have been, or concurrently with the Effective Closing Date are being, releasedpaid and fully satisfied.

Appears in 1 contract

Samples: Credit Agreement (Longview Fibre Co)

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