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.
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Existing Credit Facilities. All existing Debt (including all indebtedness under the Prior Agreement) Debt, 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 BankBanks in their sole discretion; and all Liens securing payment of any such Debt have been released and Bank the Agent shall have received all Uniform Commercial Code Form UCC-3 terminations statements or other instruments as may be suitable or appropriate in connection therewith.
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Sources: Revolving Credit Agreement (Meadowbrook Insurance Group Inc)
Existing Credit Facilities. All existing Debt (including all indebtedness under the Prior Agreement) Debt, 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 reasonably satisfactory to BankBanks; and all Liens securing payment of any such Debt have been released and Bank the Agent shall have received all Uniform Commercial Code Form UCC-3 terminations statements or other instruments as may be suitable or appropriate in connection therewith.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Commercial Vehicle Group, Inc.)