Common use of Termination of Existing Credit Agreement Clause in Contracts

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Appears in 19 contracts

Samples: Credit Agreement (Shiloh Industries Inc), Credit Agreement (NameMedia, Inc.), Credit Agreement (Lifelock, Inc.)

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Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated and that provisions acceptable to the Administrative Agent shall have been made for the termination and release of all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being releasedAgreement.

Appears in 4 contracts

Samples: Credit Agreement (Prometheus Laboratories Inc), Credit Agreement (Prometheus Laboratories Inc), Credit Agreement (Prometheus Laboratories Inc)

Termination of Existing Credit Agreement. Receipt by the Domestic Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being releasedhas been terminated.

Appears in 3 contracts

Samples: Credit Agreement (Graybar Electric Co Inc), Credit Agreement (Graybar Electric Co Inc), Credit Agreement (Graybar Electric Co Inc)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being paid in full and terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Appears in 2 contracts

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

Termination of Existing Credit Agreement. Receipt by the Domestic Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.has been terminated. 

Appears in 2 contracts

Samples: Credit Agreement (Graybar Electric Co Inc), Credit Agreement (Graybar Electric Co Inc)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that a payoff letter from the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations Agent under the Existing Credit Agreement concurrently with stating that such credit agreement has been terminated, that upon receipt of the Closing Date are being releasedpayoff amount specified therein, all amounts owing pursuant thereto will be paid in full and acknowledging that that all security interests arising thereunder will be terminated or released upon payment of such payoff amount.

Appears in 2 contracts

Samples: Credit Agreement (Flowserve Corp), Credit Agreement (Flowserve Corp)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released. The Administrative Agent shall have received a payoff letter, in form and substance reasonably satisfactory to the Administrative Agent, regarding all indebtedness under Existing Credit Agreement which will be paid on the Closing Date with proceeds of Loans.

Appears in 2 contracts

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

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations outstanding under the Existing Credit Agreement concurrently with the Closing Date are being releasedrepaid in full and the commitments of the lenders thereunder are being terminated.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Genuine Parts Co)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement Agreements concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Appears in 1 contract

Samples: Credit Agreement (Heckmann CORP)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being releasedreleased or, in the case of certain Liens on owned real property, assigned to the Administrative Agent in accordance with Section 7.15.

Appears in 1 contract

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement (except to the extent outstanding letters of credit thereunder are continued under this Agreement), concurrently with the Closing Date Date, is being paid in full, all commitments thereunder to extend credit are terminated and all Liens securing obligations under the Existing Credit Agreement are, concurrently with the Closing Date are Date, being terminated or released, in each case prior to or substantially concurrently with the effectiveness of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Fti Consulting Inc)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens Liens, if any, securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Appears in 1 contract

Samples: Credit Agreement (Protective Life Insurance Co)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement is being terminated concurrently with the Closing Date is being terminated and all any Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Appears in 1 contract

Samples: Credit Agreement (Public Service Co of New Hampshire)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated (except as to provisions thereof that, by their terms, survive such termination) and all Liens Liens, if any, securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Appears in 1 contract

Samples: Credit Agreement (Laboratory Corp of America Holdings)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement Agreement, concurrently with the Closing Date Date, is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Appears in 1 contract

Samples: Credit Agreement (Neogenomics Inc)

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Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently is being terminated contemporaneously with or has been terminated contemporaneously with the Closing Date is being terminated Date, and all Liens securing obligations under the Existing Credit Agreement concurrently have been terminated or released contemporaneously with the Closing Date are being released(other than cash collateral pledged to secure the Borrower’s obligations in respect of the Existing Letters of Credit).

Appears in 1 contract

Samples: Credit Agreement (Online Resources Corp)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement has been, or concurrently with the Closing Date is being being, terminated and all Liens securing obligations under the Existing Credit Agreement have been, or concurrently with the Closing Date are being being, released.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Providence Service Corp)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of a payoff letter in form satisfactory to the Administrative Agent and evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated paid in full and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Appears in 1 contract

Samples: Credit Agreement (X Rite Inc)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being has been terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being have been released.

Appears in 1 contract

Samples: Credit Agreement (Volt Information Sciences, Inc.)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement has been, or concurrently with the Closing Date is being, terminated, all Indebtedness under the Existing Credit Agreement is being terminated repaid and all financing statements and Liens securing obligations under the Existing Credit Agreement or associated therewith concurrently with the Closing Date are being released.

Appears in 1 contract

Samples: Credit Agreement (Ancestry.com Inc.)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being releasedpaid in full.

Appears in 1 contract

Samples: Credit Agreement (Analog Devices Inc)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being releasedterminated.

Appears in 1 contract

Samples: Credit Agreement (Flowserve Corp)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement Agreement, concurrently with the Closing Date Date, is being terminated and all Liens securing obligations under the Existing Credit Agreement are, concurrently with the Closing Date are Date, being released.

Appears in 1 contract

Samples: Credit Agreement (Fti Consulting Inc)

Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement Agreement, concurrently with the Closing Date Date, is being paid in full, all commitments thereunder to extend credit are terminated and all Liens securing obligations under the Existing Credit Agreement are, concurrently with the Closing Date are Date, being terminated or released.

Appears in 1 contract

Samples: Credit Agreement (Fti Consulting Inc)

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