Replacement of Existing Credit Agreement Sample Clauses

Replacement of Existing Credit Agreement. (a) Each of the parties hereto hereby agrees that (i) the outstanding balance of the obligations under the Existing Credit Agreement remain outstanding and constitute Obligations hereunder and (ii) this Agreement is an amendment and restatement of the Existing Credit Agreement, all documents, instruments or agreements creating security interests or liens in favor of the “Administrative Agent” or “Lenders” as defined in the Existing Credit Agreement and securing the obligations thereunder continue to secure the Obligations under this Agreement and nothing contained herein is intended to represent a novation of any type with respect to the “Obligations” as defined in the Existing Credit Agreement or with respect to any other Indebtedness evidenced by the Existing Credit Agreement or any documents, instruments or agreements executed in connection therewith.
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Replacement of Existing Credit Agreement. Each of the parties hereto hereby agrees that (i) the outstanding balance of the obligations under the Existing Credit Agreement remain outstanding and constitute Obligations hereunder and (ii) this Agreement is an amendment and restatement of the Existing Credit Agreement, all documents, instruments or agreements creating security interests or liens in favor of the “Administrative Agent” or “Lenders” as defined in the Existing Credit Agreement and securing the obligations thereunder continue to secure the Obligations under this Agreement and nothing contained herein is intended to represent a novation of any type with respect to the “Obligations” as defined in the Existing Credit Agreement or with respect to any other Indebtedness evidenced by the Existing Credit Agreement or any documents, instruments or agreements executed in connection therewith. [remainder of page left intentionally blank – signature page(s), schedule(s) and exhibit(s) to follow]
Replacement of Existing Credit Agreement. This Agreement replaces and supercedes the Existing Credit Agreement, and the Borrower hereby confirms and agrees that the commitments under the Existing Credit Agreement are terminated.
Replacement of Existing Credit Agreement. Notwithstanding anything to the contrary, the parties hereto acknowledge and agree that this Restated Credit Agreement (a) is set forth in the form of an amendment and restatement agreement for convenience only and (b) replaces the Existing Credit Agreement in its entirety.
Replacement of Existing Credit Agreement. This Agreement amends and restates the Existing Credit Agreement, and each of the Notes amends and restates and is issued in substitution for each of the Existing Notes. Upon the effectiveness of this Agreement: (a) each of the Lenders, as applicable, shall return its Existing Note to the Borrower, marked to indicate that the Existing Note has been replaced by the Note; and (b) all loans made pursuant to the Existing Credit Agreement outstanding on such date shall be deemed to be loans hereunder, shall be evidenced by the Notes, if any, and shall be entitled to all of the benefits and bear all of the obligations of this Agreement. DELPHI FINANCIAL GROUP, INC. By: /s/ Robexx X. Xxxxx, Xx. ----------------------------------- Name: Robexx X. Xxxxx, Xx. --------------------------------- Title: Executive Vice President --------------------------------- Notice Address Address: 1105 Xxxxx Xxxxxx Xx., Xxxxx 0000 ------------------------------- Wilmxxxxxx, XX 00000 ------------------------------- Attention: President ----------------------------- Telephone: (302) 000-0000 ----------------------------- Facsimile: (302) 000-0000 ----------------------------- With a copy to: Delphi Capital Management, Inc. 153 Xxxx 00xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: President Telephone: (212) 000-0000 Facsimile: (212) 000-0000 M-1 91 BANK OF AMERICA, N.A., IN ITS CAPACITY AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT
Replacement of Existing Credit Agreement. This Agreement amends and restates the Existing Credit Agreement, and each of the Notes amends and restates and is issued in substitution for each of the notes issued by the Borrowers to the Administrative Agent, for the benefit of the banks party to the Existing Credit Agreement, pursuant to the Existing Credit Agreement. Upon the effectiveness of this Agreement: (a) the Administrative Agent shall return to each of the Borrowers such Borrowers existing note delivered pursuant to the Existing Credit Agreement, such notes to be marked replaced to indicate that such notes have been replaced by the Notes and (b) all loans made pursuant to the Existing Credit Agreement and outstanding on such date shall be deemed to be Loans hereunder, shall be evidenced by the Notes and shall be entitled to all of the benefits and bear all of the obligations of this Agreement. Each Bank (or the Administrative Agent on its behalf) is authorized to enter on its Note issued pursuant to this Agreement the information marked on its existing note so returned to the Borrower. Executed as of the day and year first above written at Chicago, Illinois. BORROWERS:
Replacement of Existing Credit Agreement. This Credit Agreement replaces and is the successor agreement to the Existing Credit Agreement and will serve as the Company's primary working capital facility.
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Replacement of Existing Credit Agreement. This Agreement amends and restates the Existing Credit Agreement, and each of the Notes amends and restates and is issued in substitution for each of the Existing Revolving Notes. Upon the effectiveness of this Agreement: (a) each of the Lenders, as applicable, shall return its Existing Revolving Note to the Borrower, marked to indicate that the Existing Revolving Note has been replaced by the Note; and (b) all loans made pursuant to the Existing Credit Agreement outstanding on such date shall be deemed to be loans hereunder, shall be evidenced by the Notes, if any, and shall be entitled to all of the benefits and bear all of the obligations of this Agreement. * * * 111 Delivered at Chicago, Illinois, as of the day and year first above written. DELPHI FINANCIAL GROUP, INC. By: /s/ JANE X. XXXXXX Name: Jane X. Xxxxxx Title: Vice President & Treasurer Notice Address Address: Delphi Capital Mgmt.,Inc. 650 Xxxxxxx Xxxxxx Xxx Xxxx, XX 00000 Attention: Robexx Xxxxxxxxxx Telephone: 212-000-0000 Facsimile: 212-000-0000 XXXX XX XXXXXXX XXXIONAL TRUST AND SAVINGS ASSOCIATION, in its capacity as Administrative Agent By: /s/ GARY X. XXXX Name: Gary X. Xxxx Title: Senior Vice President BANK OF AMERICA ILLINOIS By: /s/ ELIZXXXXX X. XXXXXX Name: Elizxxxxx X. Xxxxxx Title: Vice President Lending Office (Base Rate Loans) Address: 231 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: Deboxxx Xxxx Telephone: (312) 000-0000 Facsimile: (312) 000-0000 Lending Office (Offshore Rate Loans) Address: 231 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: Deboxxx Xxxx Telephone: (312) 000-0000 Facsimile: (312) 000-0000 Notice Address Address: 231 Xxxxx XxXxxxx Xx.#0X Xxxxxxx, Xxxxxxxx 00000 Attention: Nita Xxxxxx Telephone: (312) 000-0000 Facsimile: (312) 000-0000 113 XXXX XX XXXXXXXX By: /s/ K. DANIXX XXXXXXX Name: K. Danixx Xxxxxxx Title: Director Lending Office (Base Rate Loans) Address: 115 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, XX 00000 Attention: Josix X. Xxxxxxx Telephone: (312) 000-0000 Facsimile: (312) 000-0000 Lending Office (Offshore Rate Loans) Address: 115 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, XX 00000 Attention: Josix X. Xxxxxxx Telephone: (312) 000-0000 Facsimile: (312) 000-0000 Notice Address: 115 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, XX 00000 Attention: Josix X. Xxxxxxx Telephone: (312) 000-0000 Facsimile: (312) 000-0000 XXX XXXX XX XXX XXXX By: /s/ ROBEXX X. XXXXXXX Name: Robexx X. Xxxxxxx Title: Assistant Treasurer Lending Office (Base Rate Loans) Address: One Xxxx Xxxxxx Xxx X...
Replacement of Existing Credit Agreement. Reference is hereby made to that certain Revolving Credit Agreement dated effective June 10, 2002, by and among the Borrower, the Agent and the Banks. The indebtedness and obligations of the Borrower governed by said existing Revolving Credit Agreement have been refinanced and replaced by the Loans. Accordingly, said existing Revolving Credit Agreement is hereby replaced in its entirety by this Agreement and said existing Revolving Credit Agreement shall no longer have any force or effect
Replacement of Existing Credit Agreement. This Credit Agreement shall ---------------------------------------- supersede and replace the 1996 Agreement.
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