Termination of Existing Debt. Receipt by the Administrative Agent of evidence that prior to or concurrently with the Closing Date: (i) each of the Term Loan A-1 under the Existing Credit Agreement and the Term Loan A-2 under the Existing Credit Agreement (in each case, as defined therein) is being terminated and paid in full and (ii) the revolving commitments under the XX XX/KeyBank Credit Agreement are being terminated and all amounts owing with respect thereto are paid in full and the Term Loan A-1 under the XX XX/KeyBank Credit Agreement (as defined therein) is being terminated and paid in full.
Termination of Existing Debt. Receipt by the Administrative Agent of evidence that prior to or concurrently with the Closing Date: (i) the Borrower, the Parent Entity, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer and the other swing line lenders and letter of credit issuers party thereto entered into an Amended and Restated Credit Agreement providing for, among other things, the payment in full of the A-1 Term Loan and the A-2 Term Loan thereunder and (ii) an amendment to the Credit Agreement, dated as of July 2, 2014 (as amended from time to time), among the Borrower (by assumption from Xxxxxxxx Xxxxxx Grocery Center Operating Partnership II, L.P.), the Parent Entity (by assumption from Xxxxxxxx Xxxxxx Grocery Center REIT II Inc.), the guarantors party thereto, the lenders party thereto and Key Bank, National Association, as administrative agent, has been entered into providing for, among other things, the termination of the revolving commitments thereunder and the payment in full of all amounts owing with respect thereto and the payment in full of the Term Loan A-1 thereunder.
Termination of Existing Debt. Receipt by the Administrative Agent of evidence that prior to or concurrently with the Closing Date: (i) all amounts owing under the Existing PNC Credit Agreement have been paid in full and the Existing PNC Credit Agreement and all commitment thereunder are terminated and (ii) the revolving commitments under the BofA Agreement are terminated and all amounts outstanding in connection therewith are paid in full.
Termination of Existing Debt. Each of the Borrower and its Subsidiaries shall have paid and satisfied all of its obligations with respect to the Existing Debt. Evidence of the satisfaction of all such credit facilities and the documents related thereto shall have been received and approved by the Agent.
Termination of Existing Debt. The Agent shall have received written evidence satisfactory to the Lenders in their sole discretion that the Borrower's existing Indebtedness disclosed on SCHEDULE 7.3 (other than Patronage Dividend Certificates) (the "Existing Debt") has been, or shall with the proceeds of the first Loan be, terminated and paid in full, and all Liens securing such Existing Debt have been, or upon the making of the first Loan shall be, terminated or released.
Termination of Existing Debt. On or before the Closing Date, each Loan Party shall repay all principal and interest on outstanding loans and other obligations owed under or related to the Existing Debt and shall terminate the obligation to lend or make other extensions of credit to such Loan Party under the provisions of such agreements; provided, that the Existing Letters of Credit shall remain outstanding but shall be deemed issued under this Agreement. Concurrently with such repayment, any Liens granted pursuant to the Existing Debt or the documents delivered thereunder shall be released. The Existing Lenders shall have delivered to the Administrative Agent written acknowledgements of such terminations and releases in form and substance satisfactory to the Administrative Agent. All of the foregoing shall be accomplished in form and substance satisfactory to the Administrative Agent.
Termination of Existing Debt. The Lender shall have received a pay-off letter from Barnett Bank.
Termination of Existing Debt. Receipt by the Administrative Agent of evidence that prior to or concurrently with the Closing Date: (i) the Borrower, the Parent Entity, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer and the other swing line lenders and letter of credit issuers party thereto entered into an Amended and Restated Credit Agreement providing for, among other things, the payment in full of the A-1 Term Loan and the A-2 Term Loan thereunder and (ii) an amendment to the Credit Agreement, dated as of July 2, 2014 (as amended from time to time), among the Borrower, the Parent Entity, the guarantors party thereto, the lenders party thereto and Key Bank, National Association, as administrative agent, has been entered into providing for, among other things, the termination of the revolving commitments thereunder and the payment in full of all amounts owing with respect thereto and the payment in full of the Term Loan A-1 thereunder.
Termination of Existing Debt. TEC simultaneously shall have terminated the Indebtedness created under and paid all obligations owed under the Amended and Restated Credit Agreement dated as of August 9, 1996 among TEC, the banks parties thereto and Mellon Bank, N.A., as Agent.
Termination of Existing Debt. 53 6.1.13 Solvency Certificate....................................... 53
