Common use of Existing Credit Facilities Clause in Contracts

Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Section 5.1., this Agreement shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Credit Facilities, and the Existing Credit Facilities shall be superseded by this Agreement in all respects, in each case, on a prospective basis only.

Appears in 1 contract

Sources: Credit Agreement (Parkway Properties Inc)

Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Section 5.1.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hereto with respect to the Existing Credit FacilitiesAgreement, and the Existing Credit Facilities Agreement shall be superseded by this Agreement in all respects, in each case, respects on a prospective basis only.

Appears in 1 contract

Sources: Credit Agreement (National Storage Affiliates Trust)

Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Section Sections 5.1.. and 5.2. 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 FacilitiesRevolver Agreement and the Existing Term Loan Agreement, and the Existing Credit Facilities Revolver Agreement and the Existing Term Loan Agreement shall be superseded by this Agreement in all respects, in each case, on a prospective basis only.

Appears in 1 contract

Sources: Credit Agreement (First Potomac Realty Trust)

Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Section Sections 5.1.. and 5.2. of this Agreement, this Agreement shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Credit FacilitiesAgreement and the Existing Term Loan Agreement, and the Existing Credit Facilities Agreement and the Existing Term Loan Agreement shall be superseded by this Agreement in all respects, in each case, on a prospective basis only.

Appears in 1 contract

Sources: Credit Agreement (Corporate Office Properties, L.P.)