Common use of Existing Facility Clause in Contracts

Existing Facility. On the Closing Date, all revolving credit loans under the Existing Facility (the "Existing Revolving Credit Loans") shall be deemed Revolving Credit Loans hereunder and such Revolving Credit Loans shall be reallocated to each Lender according to the Commitment Percentage of such Lender hereunder, (ii) there shall have been paid in cash in full all accrued but unpaid interest due on the Existing Revolving Credit Loans to but excluding the Closing Date, (iii) there shall have been paid in cash in full all accrued but unpaid fees due under the Existing Facility to but excluding the Closing Date and all other amounts, costs and expenses then owing to any of the lenders and/or the agent under the Existing Facility and (iv) all outstanding revolving credit notes issued by the borrowers to the lenders under the Existing Facility shall be deemed canceled and the originally executed copies thereof shall be promptly returned to the Administrative Agent who shall forward such revolving credit notes to the Borrower.

Existing Facility. On the Closing Date, (A) all revolving credit loans under the Existing Facility (the "“Existing Revolving Credit Loans"”) shall be deemed Revolving Credit Loans hereunder and such Revolving Credit Loans shall be reallocated to each Lender according to the Commitment Percentage of such Lender hereunder, (iiB) there shall have been paid in cash in full all accrued but unpaid interest due on the Existing Revolving Credit Loans to but excluding the Closing Date, (iiiC) there shall have been paid in cash in full all accrued but unpaid fees due under the Existing Facility to but excluding the Closing Date and all other amounts, costs and expenses then owing to any of the lenders and/or the agent under the Existing Facility and (ivD) all outstanding revolving credit notes issued by the borrowers borrower to the lenders under the Existing Facility shall be deemed canceled and the originally executed copies thereof shall be promptly returned to the Administrative Agent who shall forward such revolving credit notes to the Borrower.