Common use of Same Indebtedness; Other References Clause in Contracts

Same Indebtedness; Other References. 1.7.1. 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 or the Existing Letters of Credit now outstanding (other than as expressly provided with respect to the pay-off of the Departing Lenders), it being the intention of the Borrowers, the Guarantors, the Lenders and the Issuing Lender 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; provided that, on the Closing Date, the Administrative Agent shall, with the cooperation of the Lenders, cause the amounts of the Revolving Credit Commitments under the Existing Credit Agreement and the Existing Revolving Credit Loans to be, as applicable, re-allocated among the Lenders in accordance with their respective Revolving Credit Commitments established pursuant to this Agreement or, in the case of the Departing Lenders, repaid as hereinafter provided. 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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Same Indebtedness; Other References. 1.7.1. (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 or re-issuance of the Existing Secured Letters of Credit now outstanding (other than as expressly provided with respect to the pay-off of the Departing Lenders)outstanding, it being the intention of the Borrowers, the GuarantorsBorrower, the Lenders and the Issuing Lender Letter of Credit Issuer hereby that the Indebtedness Debt owing under this Agreement be and hereby is the same Indebtedness Debt as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof; provided that, on the Closing Restatement Effective Date, the Administrative Agent shall, with the cooperation of the Lenders, cause the amounts of the Revolving Credit Commitments commitments under the Existing Credit Agreement and the of Existing Revolving Credit Loans to be, as applicable, re-allocated among the Lenders in accordance with their respective Revolving Credit Unsecured Facility Commitments established pursuant to this Agreement or, in the case of the Departing Lenders, repaid as hereinafter providedAgreement. 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 as of the Restatement Effective Date 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 (James River Group Holdings, Ltd.), Credit Agreement (James River Group Holdings, Ltd.)

Same Indebtedness; Other References. 1.7.1. (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 or re-issuance of the Existing Secured Letters of Credit now outstanding (other than as expressly provided with respect to the pay-off of the Departing LendersLender), it being the intention of the Borrowers, the GuarantorsBorrower, the Lenders and the Issuing Lender Letter of Credit Issuer hereby that the Indebtedness Debt owing under this Agreement be and hereby is the same Indebtedness Debt as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof; provided that, on the Closing Restatement Effective Date, the Administrative Agent shall, with the cooperation of the Lenders, cause the amounts of the Revolving Credit Commitments commitments under the Existing Credit Agreement and the of Existing Revolving Credit Loans to be, as applicable, re-allocated among the Lenders in accordance with their respective Revolving Credit Unsecured Facility Commitments established pursuant to this Agreement or, in the case of the Departing LendersLender, repaid as hereinafter providedrepaid. 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 as of the Restatement Effective Date 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 1 contract

Samples: Credit Agreement (James River Group Holdings, Ltd.)

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Same Indebtedness; Other References. 1.7.1. (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 or the Existing Letters of Credit now outstanding (other than as expressly provided with respect to the pay-off of the Departing Lenders)outstanding, it being the intention of the BorrowersBorrower, the GuarantorsGuarantor, and the Lenders and the Issuing Lender hereby that the Indebtedness Debt owing under this Agreement be and hereby is the same Indebtedness Debt as that owing under the Existing Credit Original Loan Agreement immediately prior to the effectiveness hereof; provided that, on the Closing Restatement Effective Date, the Administrative Agent shall, with the cooperation of the Lenders, cause the amounts of the Revolving Credit Commitments PNC’s commitment under the Original Loan Agreement, the principal of Existing Credit Agreement Revolving Loans and participation in exposure for the Existing Revolving Letters of Credit Loans to bebe re-allocated (including purchase at par, as applicable, re-allocated ) among the Lenders in accordance with their respective Revolving Credit Commitments established pursuant to this Agreement or, in the case of the Departing Lenders, repaid as hereinafter providedAgreement. 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 as of the Restatement Effective Date under and pursuant to the Existing Credit Original Loan Agreement shall be due and payable in full on the date on which they would have been due and payable pursuant the Existing Credit Original Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Andersons, Inc.)

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