Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefore shall be released, and the Bank shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release.
Appears in 2 contracts
Sources: Credit Agreement (Mikron Infrared Inc), Credit Agreement (Mikron Infrared Inc)
Existing Facility. The Existing Facility shall be repaid in full (other than the Existing Letters of Credit) and terminated and all collateral security therefore therefor shall be released, and the Bank 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
Sources: Credit Agreement (G&k Services Inc)