Common use of Same Indebtedness; Other References Clause in Contracts

Same Indebtedness; Other References. (a) This Agreement and the other Loan Documents shall not be deemed to provide for or effect a novation or repayment and re-advance of any portion of the Existing Revolving Loans, the Existing Tranche A Term Loans or the Existing Delayed Draw Acquisition Loans now outstanding, it being the intention of the Borrower and the Lenders hereby that the Indebtedness owing under this Agreement be and hereby is the same Indebtedness as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof. Without limiting the generality of the foregoing, to the extent, if any, not paid prior to the effectiveness of this Agreement, all accrued interest and fees owing under and pursuant to the Existing Credit Agreement shall be due and payable in full on the date on which they would have been due and payable pursuant the Existing Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Argo Tech Corp), Credit Agreement (Argo Tech Corp)

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Same Indebtedness; Other References. (a) This Agreement and the other Loan Credit Documents shall not be deemed to provide for or effect a novation or repayment and re-advance of any portion of the Existing Revolving Loans, Indebtedness under the Existing Tranche A Term Loans or the Existing Delayed Draw Acquisition Loans Credit Agreement now outstanding, it being the intention of the Borrower Borrowers and the Lenders hereby that the Indebtedness owing under this Agreement be and hereby is the same Indebtedness as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof. Without limiting the generality of the foregoing, to the extent, if any, not paid prior to the effectiveness of this Agreement, all accrued interest and fees owing under and pursuant to the Existing Credit Agreement shall be due and payable in full on the date on which they would have been due and payable pursuant to the Existing Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Genlyte Group Inc), Credit Agreement (Genlyte Group Inc)

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Same Indebtedness; Other References. (a) 1.6.1 This Agreement and the other Loan Documents shall not be deemed to provide for or effect a novation or repayment and re-advance of any portion of the Existing Revolving Loans, the Existing Tranche A Term Loans or the Existing Delayed Draw Acquisition Loans Letters of Credit now outstanding, it being the intention of the Borrower Borrowers and the Lenders hereby that the Indebtedness owing under this Agreement be and hereby is the same Indebtedness as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof. Without limiting the generality of the foregoing, to the extent, if any, not paid prior to the effectiveness of this Agreement, all accrued interest and fees owing under and pursuant to the Existing Credit Agreement shall be due and payable in full on the date on which they would have been due and payable pursuant the Existing Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Stoneridge Inc), Credit Agreement (Stoneridge Inc)

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