Refinancing Transactions. The Refinancing Transactions shall have been consummated or shall be consummated substantially contemporaneously with the Borrowing and the Administrative Agent shall have received (i) a funds flow relating to the Refinancing Transactions and (ii) a payoff letter confirming the payment and release of Liens contemplated by the Refinancing Transactions.
Appears in 3 contracts
Sources: Credit Agreement (Hill International, Inc.), Credit Agreement (Hill International, Inc.), Credit Agreement (Hill International, Inc.)