Refinanced Facilities Clause Samples
Refinanced Facilities. The Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to the Administrative Agent, that with proceeds of the Loans the obligations of AHL and its Subsidiaries evidenced by the Loan Agreement dated December 22, 1995 between the Borrowers (other than AHL) and First Union have been fully paid, satisfied and discharged.
Refinanced Facilities. The Company shall ensure that each Refinanced Facility is cancelled and prepaid in full on or prior to the date of the first Request.
Refinanced Facilities. The obligations of United Companies Lending Corporation, United Companies Mortgage of Tennessee, Inc. and Southern Mortgage Acquisition, Inc. (the "Existing Borrowers") evidenced by the Credit Agreement, dated May 23, 1995, as amended, executed by and among the Existing Borrowers, the lenders party thereto and First Union National Bank of North Carolina, as agent, shall have been fully paid, satisfied and discharged with proceeds of the initial Loans and the commitments thereunder terminated and (B) any liens, encumbrances, mortgages or restrictions in respect of any such obligations shall have been terminated.
Refinanced Facilities. The Administrative Agent shall have received a pay proceeds letter, in form and substance reasonably satisfactory to the Administrative Agent, specifying that the Debt outstanding under the Original Credit Agreement will be refinanced with proceeds of the initial Loans.
Refinanced Facilities. The Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to the Administrative Agent, that the Debt outstanding under the Original Credit Agreement will be refinanced with proceeds of the initial Loans.