Termination of Commitments under Existing Credit Agreement. Each of the signatories hereto that is also a party to the Existing Credit Agreement hereby agrees that, as of the Effective Date, all of the commitments to extend credit under the Existing Credit Agreement will be terminated automatically. This Agreement constitutes notice thereof and pursuant hereto the requirement contained in Section 2.09(c) of the Existing Credit Agreement that three Business Days’ (as defined therein) notice of the termination of such commitments be given to the administrative agent thereunder is waived.
Termination of Commitments under Existing Credit Agreement. The commitments of the Existing Lenders under the Existing Credit Agreement shall terminate on the Closing Date. Execution of this Agreement by Lenders who are Existing Lenders shall constitute a waiver of the notice provisions in Sections 2.09 and 9.01 of the Existing Credit Agreement.
Termination of Commitments under Existing Credit Agreement. The Borrower has given, or contemporaneously with the execution and delivery of this Agreement is giving, to the administrative agent under the Existing Credit Agreement, notice of the termination of commitments of the lenders under the Existing Credit Agreement, so that such commitments terminate on the Closing Date. Execution of this Agreement by Lenders who are lenders under the Existing Credit Agreement shall constitute a waiver of the notice provisions in Section 2.05 of the Existing Credit Agreement that would otherwise be applicable to such termination, and the administrative agent under the Existing Credit Agreement may rely on this Section 10.18.
Termination of Commitments under Existing Credit Agreement. Reference is made to Section 4.01(a)(x) which requires evidence of termination of all commitments to extend credit under the Existing Credit Agreement and payments of all amounts due thereunder. By executing this Agreement the Lenders who are Existing Lenders hereby waive the notice provisions in Section 2.7 of the Existing Credit Agreement.
Termination of Commitments under Existing Credit Agreement. The Lenders shall have received satisfactory evidence that all commitments under the Existing Credit Agreement concurrently with the Closing Date have been terminated and that all security interests created in connection with the Existing Credit Agreement have been unconditionally and irrevocably discharged (including the filing of UCC-3 termination statements, intellectual property security agreement release documentation and any other filings necessary to effectuate such discharge).
Termination of Commitments under Existing Credit Agreement. The U.S. Borrower has given, or contemporaneously with the execution and delivery of this Agreement is giving, to the administrative agent under the Existing Credit Agreement, notice of the termination of commitments of the lenders under the Existing Credit Agreement, so that such commitments terminate on the Closing Date. Execution of this Agreement by Lenders who are lenders and, to the extent applicable, letter of credit issuers under the Existing Credit Agreement shall constitute (a) a waiver of the notice provisions in Section 4.11 of the Existing Credit Agreement that would otherwise be applicable to such termination, and the administrative agent under the Existing Credit Agreement may rely on this Section 12.23 and (b) an agreement that from and after the Closing Date, the Existing Canadian Letters of Credit and Existing U.S. Letters of Credit shall cease to be “Letters of Credit” issued pursuant to the Existing Credit Agreement.
Termination of Commitments under Existing Credit Agreement. MPLX Operations LLC has given, or contemporaneously with the Borrower’s execution and delivery of this Agreement is giving, to the administrative agent under the Existing Credit Agreement, notice of the termination of commitments of the lenders under the Existing Credit Agreement, so that such commitments terminate on the Closing Date. Execution of this Agreement by the Lenders who are lenders under the Existing Credit Agreement shall constitute a waiver of the notice provisions in Section 2.08 of the Existing Credit Agreement that would otherwise be applicable to such termination, and the administrative agent under the Existing Credit Agreement may rely on this Section 10.16.
Termination of Commitments under Existing Credit Agreement. The U.S. Borrower has given, or contemporaneously with the execution and delivery of this Agreement is giving, to the administrative agent under the Existing Credit Agreement, notice of the termination of commitments of the lenders under the Existing Credit Agreement, so that such commitments terminate on the Closing Date. Execution of this Agreement by Lenders who are lenders and, to the extent applicable, letter of credit issuers under the Existing Credit Agreement shall constitute (a) a waiver of the notice provisions in
Termination of Commitments under Existing Credit Agreement. The Lenders shall have received satisfactory evidence that all commitments under the Existing Credit Agreement concurrently with the Closing Date are being terminated and that all security interests created in connection with the Existing Credit Agreement are being unconditionally and irrevocably discharged (including the filing of UCC-3 termination statements, intellectual property security agreement release documentation and any other filings necessary to effectuate such discharge). Without limiting the generality of the provisions of Section 9.04, for purposes of determining compliance with the conditions specified in this Section 5.01, each Lender that has signed this Credit Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or reasonably satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.
Termination of Commitments under Existing Credit Agreement. Each of the Borrower and JPMorgan Chase Bank, N.A., in its capacity as “Lender” thereunder, hereby agrees that, as of the Effective Date, all of the commitments to extend credit under the Existing Credit Agreement will be terminated automatically and any and all required notices and notice periods in connection with such termination are hereby waived and of no further force and effect.
