Common use of Existing Indebtedness Clause in Contracts

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 3 contracts

Samples: Credit Agreement (Copart Inc), Credit Agreement (Copart Inc), Credit Agreement (Copart Inc)

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Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.111.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release. Any existing Indebtedness permitted pursuant to Section 11.1 shall be on terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Aci Worldwide, Inc.), Credit Agreement (Aci Worldwide, Inc.), Credit Agreement (Aci Worldwide, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance reasonably satisfactory to it evidencing such repayment, termination and release.

Appears in 3 contracts

Samples: Credit Agreement (Patrick Industries Inc), Credit Agreement (Patrick Industries Inc), Credit Agreement (Patrick Industries Inc)

Existing Indebtedness. All existing Indebtedness of the Borrower Holdings and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 2 contracts

Samples: Credit Agreement (Fidelity National Financial, Inc.), Credit Agreement (Fidelity National Financial, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release. Any existing Indebtedness permitted pursuant to Section 9.1 shall be on terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Supreme Industries Inc), Credit Agreement (Federal Signal Corp /De/)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding 59442126_10 Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance reasonably satisfactory to it evidencing such repayment, termination and release.

Appears in 2 contracts

Samples: Credit Agreement (Realpage Inc), Credit Agreement (Realpage Inc)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be releasedreleased (or, in each case, arrangements therefor reasonably satisfactory to the Administrative Agent shall have been made), and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 2 contracts

Samples: Credit Agreement (Chuy's Holdings, Inc.), Credit Agreement (Chuy's Holdings, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding other than Indebtedness permitted pursuant to Section 9.111.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Merit Medical Systems Inc)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be releasedreleased (in each case, other than with respect to any cash collateral for outstanding letters of credit and ongoing indemnity obligations), and the Administrative Agent shall have received pay-off letters in form and substance reasonably satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Term Loan Agreement (FTS International, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.18.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release. Any existing Indebtedness permitted pursuant to Section 8.1 shall be on terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Global Power Equipment Group Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.18.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off payoff letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Tractor Supply Co /De/)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.18.1) shall will be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall will be released, and the Administrative Agent shall Lender will have received pay-off or termination letters in form and substance satisfactory to it evidencing such repayment, termination termination, and release.

Appears in 1 contract

Samples: Credit Agreement (Opentable Inc)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance reasonably satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Patrick Industries Inc)

Existing Indebtedness. All Substantially concurrently with the initial borrowing on the Closing Date, all existing Indebtedness of the Borrower Holdings and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off payoff letters in form and substance reasonably satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Boot Barn Holdings, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.18.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance reasonably satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Zoe's Kitchen, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower Holdings and its Subsidiaries (including all Indebtedness under the Existing Borrower Credit Agreement and the Existing Holdings Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Media General Inc)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including excluding Indebtedness under the Existing Credit Agreement but excluding and Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release. Any existing Indebtedness permitted pursuant to Section 9.1 shall be on terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Supreme Industries Inc)

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Existing Indebtedness. All existing Indebtedness of the Borrower Borrowers and its their Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Assignment and Assumption (Mitel Networks Corp)

Existing Indebtedness. All Except for any amounts outstanding under the Existing Revolving Credit Facility or any Indebtedness permitted pursuant to Section 8.1, all existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance reasonably satisfactory to it evidencing such repayment, termination and release. Any existing Indebtedness permitted pursuant to Section 8.1 shall be on terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Macquarie Infrastructure CO LLC)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.110.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release. Any existing Indebtedness permitted pursuant to Section 10.1 shall be on terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Aci Worldwide, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be releasedreleased concurrently with the making of the initial Loan, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release. Any existing Indebtedness permitted pursuant to Section 9.1 shall be on terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Blucora, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Kforce Inc)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Synaptics Inc)

Existing Indebtedness. All existing Indebtedness of the Parent Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement Facility, but excluding Indebtedness permitted pursuant to Section 9.18.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Ubiquiti Networks, Inc.)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under evidenced by the Existing Credit Agreement Agreement, but excluding Indebtedness permitted pursuant to Section 9.111.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Merit Medical Systems Inc)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.19.8 and the Existing Letters of Credit that are deemed to be Letters of Credit hereunder pursuant to the terms of Section 3.1(a)) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been full and terminated and all guarantees therefor and collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance substance, reasonably satisfactory to it evidencing such repayment, termination and release. Any existing Indebtedness permitted pursuant to Section 9.1 shall be on terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Southwest Gas Corp)

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