Existing Loan Agreement Superseded. This Agreement shall supersede the Existing Loan Agreement in its entirety, except as provided in this Section 12.22. On the Closing Date, the rights and obligations of the parties under the Existing Loan Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes and continue as “Obligations” hereunder (except to the extent repaid on the Closing Date). The Banks’ interests in such Obligations shall be reallocated on the Closing Date in accordance with each Bank’s applicable Loan Commitments. On the Closing Date, each Person listed on Schedule 1 attached to this Agreement shall be a Bank under this Agreement with the Tranche A Commitment and/or Tranche B Commitment set forth opposite its name on such Schedule 1.
Existing Loan Agreement Superseded. On the Restatement Effective Date, this Agreement shall supersede the Existing Loan Agreement in its entirety, except as provided in this Section 19.21. On the Restatement Effective Date, the rights and obligations of the parties evidenced by the Existing Loan Agreement shall be evidenced by this Agreement and the other Loan Documents, the “Revolving Credit Loans” and the “Term Loans” as defined in the Existing Loan Agreement shall be continued as Loans as defined herein and the Existing Letters of Credit issued by the Agent for the account of the Borrower prior to the Restatement Effective Date shall be treated as L/Cs under this Agreement. The parties hereto agree that the changes to the terms and conditions of the Existing Loan Agreement set out herein and the execution of these presents shall not constitute novation and all the security interests, pledges and other collateral of whatever nature securing any of the Liabilities shall continue to apply to the Existing Loan Agreement, as amended and restated by these presents, and to the other Loan Documents. Without limiting the generality of the foregoing and to the extent necessary, the Lenders and the Agent reserve all of their rights under each of the Loan Documents.
Existing Loan Agreement Superseded. This Agreement shall supersede the Existing Loan Agreement in its entirety, except as provided in this Section 12.20. On the Effective Date, the rights and obligations of the parties under the Existing Loan Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided however, that any of the “Loans” (as defined in the Existing Loan Agreement) outstanding under the Existing Loan Agreement shall, for purposes of this Agreement, be Loans hereunder. The Lenders’ interests in such Loans shall be reallocated on the Effective Date in accordance with each Lender’s applicable Commitment Percentage, and the Lenders shall make such purchases of Loans from each other as necessary to effect such reallocation. On the Effective Date, each Person listed on Schedule I attached to this Agreement shall be a Lender under this Agreement with the Commitment set forth opposite its name on such Schedule I. (b)
Existing Loan Agreement Superseded. On the Restatement Date, this Agreement shall supersede the Existing Loan Agreement in its entirety, except as provided in this Section 19.8. On the Restatement Date, the rights and obligations of the parties evidenced by the Existing Loan Agreement shall be evidenced by this Agreement and the other Loan Documents, the “Advances” and all other “Obligations” as each such term is defined in the Existing Loan Agreement shall be converted to Advances and Obligations as defined herein and the Existing Letters of Credit issued by the Agent for the account of the Borrowers prior to the Restatement Date shall be converted into L/Cs or L/C Guaranties, as applicable, under this Agreement. Without limiting the generality of the foregoing and to the extent necessary, the Lenders and the Agent reserve all of their rights under the Existing Loan Agreement in respect of all present and future Obligations under, inter alia, the Existing Credit Agreement, as amended and restated by this Agreement. All interest and fees and expenses, if any, owing or accruing under or in respect of the Existing Loan Agreement through the Restatement Date shall be calculated as of the Restatement Date (pro rated in the case of any fractional periods), and shall be paid on the Restatement Date. Commencing on the Restatement Date, the all fees hereunder shall be payable by the Borrowers to the Agent for the account of the Lenders in accordance with this Agreement.
Existing Loan Agreement Superseded. On the Restatement Effective Date, this Agreement shall supersede the Existing Loan Agreement in its entirety, except as provided in this Section 19.21. On the Restatement Effective Date, the rights and obligations of the parties evidenced by the Existing Loan Agreement shall be evidenced by this Agreement and the other Loan Documents, the Existing Loans shall be continued as Revolving Credit Loans and Term
