Payoff Under Prior Credit Agreement Sample Clauses

Payoff Under Prior Credit Agreement. The Borrower shall have repaid all loans and other obligations under the Prior Credit Agreement, subject to any breakage fees payable under Section 5.5.2 thereof.
Sample 1
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Payoff Under Prior Credit Agreement. The Borrower shall have obtained and provided to the Administrative Agent appropriate payoff letter from any Bank that is a party to the Prior Credit Agreement and not a party to this Agreement confirming that the Borrower has repaid all loans and other obligations under, and terminated, the Prior Credit Agreement.
Sample 1
Payoff Under Prior Credit Agreement. The Loan Parties and each of the Banks that are parties hereto and are also parties to the Prior Credit Agreement each hereby confirm and agree that the Borrower is, on the date hereof, repaying all loans and other obligations under the Prior Credit Agreement (except that the letters of credit issued thereunder shall be Letters of Credit hereunder as provided in Section 2.10.1) and that such Prior Credit Agreement and the other Loan Documents and all commitments thereunder are terminated effective on the date hereof.
Sample 1

Related to Payoff Under Prior Credit Agreement

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Existing Credit Agreement The Administrative Agent shall have received satisfactory evidence that the Existing Credit Agreement shall have been terminated and all amounts thereunder (other than contingent indemnification obligations for which no claim has been made) shall have been paid in full and (ii) satisfactory arrangements shall have been made for the termination of all Liens granted in connection therewith.

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

  • Credit Agreements Schedule II is a complete and correct list, as of the date of this Agreement, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Company or any of its Material Subsidiaries the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $150,000,000 and the aggregate principal or face amount outstanding or which may become outstanding under each such arrangement is correctly described in Schedule II.

  • Credit Agreement and Notes This Agreement and the Notes executed by each party thereto;

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • Existing Credit Agreements The Existing Credit Agreements shall have been terminated and shall be of no further force and effect, and all amounts outstanding thereunder shall have been paid in full.

  • Credit Agreement Amendment The Credit Agreement is hereby amended as follows:

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

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