Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release.
Appears in 6 contracts
Samples: Credit Agreement (Digital Generation Systems Inc), Credit Agreement (Tuesday Morning Corp/De), Credit Agreement (Tuesday Morning Corp/De)
Existing Facility. The Existing Facility (other than the Existing Letters of Credit) shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release.
Appears in 3 contracts
Samples: Credit Agreement (SCP Pool Corp), Credit Agreement (SCP Pool Corp), Credit Agreement (SCP Pool Corp)
Existing Facility. The Existing Facility (except for the Existing Letters of Credit) shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release. On the Closing Date, the Existing Letters of Credit shall be deemed to be Letters of Credit issued under this Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Paravant Inc), Credit Agreement (DRS Technologies Inc), Credit Agreement (Paravant Inc)
Existing Facility. The All amounts outstanding, accrued or payable under the Existing Facility shall be repaid in full and the Existing Facility and the respective commitments thereunder shall be terminated and all collateral security therefor any letters of credit thereunder shall be releasedterminated or cash collateralized in full, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, repayment and termination, reconveyance and release.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Avangrid, Inc.), Revolving Credit Agreement (Avangrid, Inc.), Revolving Credit Agreement (Avangrid, Inc.)
Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance reasonably satisfactory to it evidencing such repayment, termination, reconveyance and release.
Appears in 2 contracts
Samples: Credit Agreement (Wackenhut Corrections Corp), Credit Agreement (Gt Interactive Software Corp)
Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefor (if any) shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance reasonably satisfactory to it evidencing such repayment, termination, reconveyance and release.
Appears in 1 contract
Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release.
Appears in 1 contract
Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefor shall be releasedterminated, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, repayment and termination, reconveyance and release.
Appears in 1 contract
Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance reasonably satisfactory to it evidencing such repayment, termination, reconveyance and release.
Appears in 1 contract
Existing Facility. The Existing Facility (other than the Existing Letters of Credit) shall be repaid in full and terminated and all collateral security therefor shall be releasedirrevocably and unconditionally released (or satisfactory arrangements made therefor), and the Administrative Agent shall have received a pay-off letter in form and substance reasonably satisfactory to it evidencing such repayment, termination, reconveyance and release.
Appears in 1 contract
Samples: Credit Agreement (PRA International)
Existing Facility. The Existing Facility shall be repaid in full (other than the Existing Letters of Credit) and terminated and all collateral security therefor shall be released, and the Administrative Agent Agents shall have received a pay-off letter in form and substance satisfactory to it thereto evidencing such repayment, termination, reconveyance and release.
Appears in 1 contract
Samples: Credit Agreement (G&k Services Inc)
Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance termination and release.
Appears in 1 contract
Samples: Credit Agreement (Imagemax Inc)
