Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Sections 6.1. and 6.2. of this Agreement with respect to the first Credit Event hereunder on the Effective Date, this Agreement shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Credit Agreement, and the Existing Credit Agreement shall be superseded by this Agreement in all respects on a prospective basis only.
Existing Credit Facilities. The credit facilities of Borrower more particularly described on Schedule 1.3 hereto.
Existing Credit Facilities. All existing Debt, other than Debt expressly permitted hereunder, or Debt to be refinanced with the proceeds of an Advance of the Revolving Credit, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full and the related commitments terminated and all Liens securing payment of any such Debt shall have been released and the Agent shall have received all Uniform Commercial Code Form UCC-3 termination statements or other instruments as may be suitable or appropriate in connection therewith, or undertakings from the applicable secured parties as to the termination and discharge thereof satisfactory in form and substance to Agent.
Existing Credit Facilities. Each party agrees to use its reasonable best efforts to obtain any extensions or waivers under the Company’s existing credit and other financing facilities that may be required so that such facilities would not become due and payable until the Effective Time. In the event such extensions or waivers are not obtained, from and after the Share Purchase Date, Parent will make available to the Company sufficient funds to repay all amounts that may become due and owning as of the Share Purchase Date under such facilities.
Existing Credit Facilities. Prior to the initial funding of Advances hereunder, all existing Funded Debt, other than Funded Debt expressly permitted hereunder, or Funded Debt to be refinanced with the proceeds of an Advance of the Revolving Credit hereunder, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full and the related commitments terminated and all Liens securing payment of any such Funded Debt shall have been released and the Agent shall have received all Uniform Commercial Code Form UCC-3 termination statements or other instruments as may be suitable or appropriate in connection therewith, or undertakings from the applicable secured parties as to the termination and discharge thereof satisfactory in form and substance to Agent.
Existing Credit Facilities. All existing Debt (including all indebtedness under the Prior Agreement) other than Debt expressly permitted hereunder, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full and the related commitments terminated or amounts necessary to pay and discharge such Debt in full shall have been delivered into cash escrow arrangements satisfactory to Bank; and all Liens securing payment of any such Debt have been released and Bank shall have received all Uniform Commercial Code Form UCC-3 terminations statements or other instruments as may be suitable or appropriate in connection therewith.
Existing Credit Facilities. Evidence satisfactory to the Agent that the commitments to extend credit under the Existing Credit Facilities have been terminated and that all principal, interest, charges and fees due thereunder have been paid or that arrangements reasonably satisfactory to the Agent for the payment thereof have been made by the Company (the Company and each Bank party hereto that is a lender under the Existing Credit Facilities acknowledging that such commitments shall be terminated simultaneously with the closing hereunder);
Existing Credit Facilities. The Borrower shall have delivered to the Agent evidence satisfactory to the Agent that the Existing Credit Facilities have been terminated or will be terminated upon the making of the initial Revolving Credit Loans.
Existing Credit Facilities. Evidence of the giving of irrevocable notice promptly terminating all committed revolving loan facilities in favor of Company, except the Linked Credit Agreement; and
Existing Credit Facilities. Following the execution of this Agreement, if requested by Parent in writing, the Company shall use its reasonable best efforts to obtain any waivers under its existing credit and other financing facilities that may be required so that such facilities would not become due and payable until the Effective Time. In the event that any such extensions are not obtained, Parent will make available to the Company as of the Share Acceptance Date sufficient funds to repay all amounts that may become due and owing as of the Share Acceptance Date under such facilities.
