Repayment of Existing Credit Agreement. Receipt by the Administrative Agent of satisfactory evidence that the Existing Credit Agreement has been simultaneously repaid in full and terminated.
Repayment of Existing Credit Agreement. On the Closing Date, the Existing Credit Agreement shall have been terminated, the obligations thereunder repaid and the liens and guarantees thereunder released.
Repayment of Existing Credit Agreement. Subject to Section 10.23, the Borrower shall have, or shall have caused its Subsidiaries to, repay all outstanding obligations and terminated all commitments to extend credit under the Existing Credit Agreement.
Repayment of Existing Credit Agreement. (A) All outstanding Revolving Loans (as defined in the Existing Credit Agreement) under the Existing Credit Agreement (the “Existing Revolving Loans”) made by any Existing Lender thereunder who is not a Lender hereunder shall be repaid in full and the commitments and other obligations and rights (except as expressly set forth in the Existing Credit Agreement) of such Lender shall be terminated, (B) all Existing Revolving Loans not being repaid under item (A) above, shall be, from and after the Closing Date, Revolving Loans hereunder and the Administrative Agent shall make such transfers of funds as are necessary in order that the outstanding balance of such Revolving Loans, together with any Revolving Loans funded hereunder on the Closing Date, reflect the Revolving Commitments of the Lenders hereunder, (C) all of the Existing Letters of Credit shall be, from and after the Closing Date, Letters of Credit hereunder, (D) all accrued but unpaid interest due on the Existing Revolving Loans to the Closing Date shall be paid in cash in full on the Closing Date, (E) all accrued but unpaid fees under the Existing Credit Agreement owing to the Administrative Agent and the Lenders under the Existing Credit Agreement to the Closing Date shall be paid in cash in full on the Closing Date and (F) all outstanding promissory notes issued by the Borrower to the Lenders under the Existing Credit Agreement shall be amended and restated pursuant to the terms and conditions hereunder and in the other Loan Documents.
Repayment of Existing Credit Agreement. All indebtedness under the Existing Credit Agreement shall be repaid in full and all commitments under the Existing Credit Agreement shall be terminated.
Repayment of Existing Credit Agreement. The Borrowers shall have prepaid or paid, or shall have made arrangements reasonably satisfactory to the Administrative Agent to prepay or pay, all “Loans” under the Existing Credit Agreement, together with all accrued interest thereon and accrued fees under the Existing Credit Agreement.
Repayment of Existing Credit Agreement. Except as otherwise provided in subsection 3.9, the administrative agent under the Existing Credit Agreement shall have received from the Borrower an amount sufficient to pay in full the principal amount of and accrued interest and fees on account of all commitments, loans and letters of credit under the Existing Credit Agreement and any other amounts due thereunder previously advised to the Borrower, and the outstanding commitments thereunder shall have been cancelled. All such amounts will be paid with proceeds of Loans made on the Closing Date and will be reflected in the funding instructions given by the Borrower to the Administrative Agent on or before the Closing Date.
Repayment of Existing Credit Agreement. Receipt by the Administrative Agent of evidence of the repayment in full of all outstanding amounts under the Existing Credit Agreement.
Repayment of Existing Credit Agreement. All indebtedness of the Borrower for credit extended under the Existing Credit Agreement shall have been (or substantially simultaneously with the closing of this Agreement shall be) repaid and discharged in full, all commitments (if any) in respect thereof terminated and all guarantees (if any) thereof discharged and released.
Repayment of Existing Credit Agreement. The Borrower shall have -------------------------------------- repaid the Loans outstanding under the Existing Credit Agreement in an amount sufficient to cause compliance with the terms and conditions of this Credit Agreement.
