Termination of Existing Credit Agreements Sample Clauses

Termination of Existing Credit Agreements. The Administrative Agent shall have received evidence satisfactory to it that the commitment of each financial institution to make loans pursuant to (i) the $3,000,000,000 364-Day Credit Agreement, dated as of March 30, 2020, among the Company, the Capital Corporation, JD Luxembourg, the lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Documentation Agent, and Bank of America, N.A., as Syndication Agent, (ii) the $2,500,000,000 2024 Credit Agreement, dated as of March 30, 2020, among the Company, the Capital Corporation, JD Luxembourg, the lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Documentation Agent, and Bank of America, N.A., as Syndication Agent and (iii) the $2,500,000,000 2025 Credit Agreement, dated as of March 30, 2020 (the “Existing Credit Agreement”), among the Company, the Capital Corporation, JD Luxembourg, the lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Documentation Agent, and Bank of America, N.A., as Syndication Agent, shall have been terminated in full and the outstanding principal amount of the indebtedness thereunder and all other amounts owing to any bank thereunder shall have been repaid or paid by the Borrowers. ​ ​ ​
Termination of Existing Credit Agreements. The Company and each of the Banks that is also a "Bank" party to the Existing Credit Agreements agrees that the "Commitments" as defined in the Existing Credit Agreements shall be terminated in their entirety on the Effective Date. Each of such Banks waives (a) any requirement of notice of such termination pursuant to Section 2.09 of the Existing Credit Agreements and (b) any claim to any facility fees or other fees under the Existing Credit Agreements for any day on or after the Effective Date. Each of the Company and the Borrower (i) represents and warrants that (x) after giving effect to the preceding sentences of this Section 10.07, the commitments under the Existing Credit Agreements will be terminated effective not later than the Effective Date, (y) no loans are, as of the date hereof, or will be, as of the Effective Date, outstanding under the Existing Credit Agreements and (ii) covenants that all accrued and unpaid facility fees and any other amounts due and payable under the Existing Credit Agreements shall have been paid on or prior to the Effective Date.
Termination of Existing Credit Agreements. The Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to the Administrative Agent, that all principal, interest and other amounts outstanding in connection with the Existing Credit Agreements have been or substantially concurrently with the Closing Date are being repaid in full and terminated and all Liens relating thereto shall have been terminated and released (or arrangements reasonably satisfactory to the Administrative Agent shall have been made therefor).
Termination of Existing Credit Agreements. 56 SECTION 10.08. Governing Law; Submission to Jurisdiction......................................56 SECTION 10.09. Counterparts; Integration; Effectiveness.......................................56 SECTION 10.10.
Termination of Existing Credit Agreements. The Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to it, that the Existing Credit Agreements shall have, as of the Effective Date, been paid in full (other than customary survival of contingent indemnification and expenses reimbursement obligations) and all Liens and guarantees granted by any Borrower or any of its Subsidiaries thereunder shall have been released.
Termination of Existing Credit Agreements. The Existing Credit Agreements shall have been paid in full and all obligations thereunder shall have been terminated.
Termination of Existing Credit Agreements. Prior to or simultaneously with the effectiveness of this Agreement, the Borrower shall have repaid all outstanding advances and shall have paid all other amounts payable under each of the Existing Credit Agreements, and the commitments under each such Existing Credit Agreement shall have been terminated.
Termination of Existing Credit Agreements. Evidence in form and substance satisfactory to the Agent regarding the termination of all commitments and other credit facilities under the Credit Agreement dated as of January 10, 1997 among Lobdell, the lenders party thereto, and NBD Bank, as Agent, and the Credit Agreement dated as of February 11, 1997 among BMG, the lenders party thereto, and NBD Canada, as Agent, together with the payment of all indebtedness and liabilities owing pursuant thereto, and it is acknowledged and agreed that this Agreement is in substitution and replacement for such credit agreements and all liens and security interests granted pursuant thereto shall continue hereunder and all financing statements filed in connection therewith shall remain in effect with respect to the Loan Documents executed in connection herewith;
Termination of Existing Credit Agreements. On or prior to the date of the Initial Loan, the total commitments under each of the Existing Credit Agreements shall have been terminated, all loans thereunder shall have been repaid in full, together with interest thereon, all letters of credit, if any, issued thereunder shall have been terminated and all other amounts owing pursuant to the Existing Credit Agreement shall have been terminated on terms and conditions satisfactory to Agent and the Banks and be of no further force or effect.