Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 9 contracts
Samples: Pledge Agreement (Tel Save Holdings Inc), Credit Agreement (Fairchild Semiconductor International Inc), Pledge Agreement (Marketing Services Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 7 contracts
Samples: Credit Agreement (SCG Holding Corp), And Restated Pledge Agreement (Alamosa Properties Lp), Credit Agreement (Alamosa Holdings Inc)
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 6 contracts
Samples: Guarantee and Collateral Agreement (American Media Operations Inc), Guarantee and Collateral Agreement (Cumulus Media Inc), Guarantee and Collateral Agreement (Hawaiian Telcom Communications, Inc.)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the Security Interest, the pledge of the Pledged Collateral and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero (or cash collateralized on terms reasonably acceptable to the Administrative Agent and the Issuing Bank has Bank) and the Issuing Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 6 contracts
Samples: First Lien Guarantee and Collateral Agreement (STR Holdings (New) LLC), First Lien Guarantee and Collateral Agreement (STR Holdings LLC), First Lien Guarantee and Collateral Agreement (STR Holdings (New) LLC)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 5 contracts
Samples: Guarantee and Collateral Agreement (Chart Industries Inc), Guarantee and Collateral Agreement (TRW Automotive Inc), Guarantee and Collateral Agreement (TRW Automotive Inc)
Termination or Release. (a) This Agreement and the Guarantees made in this Agreement shall terminate and the Security Interest and all other security interests granted hereby shall terminate be automatically released when all the Loan Document Obligations (other than wholly contingent indemnification obligations not then due) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 5 contracts
Samples: Guarantee and Collateral Agreement (Ameripath Inc), Credit Agreement (United Surgical Partners International Inc), Guarantee and Collateral Agreement (Usp Mission Hills, Inc.)
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall automatically terminate when all the Loan Document Obligations have been indefeasibly paid in full (other than unasserted indemnification, tax gross up, expense reimbursement or yield protection obligations, in each case for which no claim has been made) and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the no Issuing Bank has no any further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 5 contracts
Samples: Credit Agreement (J C Penney Co Inc), Credit Agreement (J C Penney Co Inc), Guarantee and Collateral Agreement (J C Penney Co Inc)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 4 contracts
Samples: Guarantee and Collateral Agreement (Chart Industries Inc), Lease Agreement (Chart Industries Inc), Lease Agreement (Chart Industries Inc)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 4 contracts
Samples: And Collateral Agreement (TRW Automotive Holdings Corp), Collateral Agreement (Nalco Holding CO), Guarantee and Collateral Agreement (Foundation Coal Holdings, Inc.)
Termination or Release. (a) This Agreement and the security interests granted hereby Guaranties made herein shall terminate with respect to all Obligations when all the outstanding Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 4 contracts
Samples: Guaranty (Freescale Semiconductor Inc), Parent Guaranty (Pinnacle Foods Inc.), Guaranty (Pinnacle Foods Finance LLC)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Jafra Cosmetics International Sa De Cv), Pledge Agreement (Dirsamex Sa De Cv), Pledge Agreement (Jafra Cosmetics International Sa De Cv)
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations (other than contingent or unliquidated obligations or liabilities not then due) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Ami Celebrity Publications, LLC), Guarantee and Collateral Agreement (Ami Celebrity Publications, LLC), Guarantee and Collateral Agreement (Ami Celebrity Publications, LLC)
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations then due and owing have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Polypore International, Inc.), Guarantee and Collateral Agreement (Polypore International, Inc.), Guarantee and Collateral Agreement (Daramic, LLC)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations (other than inchoate indemnification and expense reimbursement obligations) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Nonrecourse Pledge Agreement (Hudson Respiratory Care Inc), Pledge Agreement (Century Maintenance Supply Inc), Pledge Agreement (Hudson Respiratory Care Inc)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate on the first date when all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure and CL Exposure each has been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Celanese CORP), Guarantee and Collateral Agreement (BCP Crystal Holdings Ltd. 2), Guarantee and Collateral Agreement (Celanese CORP)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations (except for contingent indemnity and expense reimbursement obligations for which no claim has been made) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Domestic Pledge Agreement (Pliant Corp), Canadian Pledge Agreement (Pliant Corp), Pledge Agreement (Huntsman Packaging of Canada LLC)
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate with respect to all Secured Obligations when all the outstanding Secured Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Security Agreement (KLIF Broadcasting, Inc.), Intellectual Property Security Agreement (Prelude Systems, Inc.), Security Agreement (Prelude Systems, Inc.)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the Security Interest, the pledge of the Pledged Collateral and the all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Security Agreement and Financing Statement (Fairway Group Holdings Corp), Credit Agreement (Fairway Group Holdings Corp), Guarantee and Collateral Agreement (Fairway Group Holdings Corp)
Termination or Release. (a) This Agreement and the Guarantees made in this Agreement shall terminate and the Security Interest and all other security interests granted hereby shall terminate be automatically released when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Credit Agreement (AGA Medical Holdings, Inc.), Guarantee and Collateral Agreement (St. Louis Pharmaceutical Services, LLC), Guarantee and Collateral Agreement (Select Specialty Hospital Topeka Inc)
Termination or Release. (a) This Agreement Agreement, the Guarantees, the security interest in the Collateral and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit AgreementAgreement and no payment of any amounts outstanding and due under any Hedging Agreement is in default.
Appears in 3 contracts
Samples: Credit Agreement (Cbre Group, Inc.), Second Lien Intercreditor Agreement (Cb Richard Ellis Group Inc), Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the pledges made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations (other than contingent indemnity or expense reimbursement obligations in respect of which no claim has been made) have been indefeasibly paid in full in cash or immediately available funds and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Verso Sartell LLC), Guarantee and Collateral Agreement (Verso Paper Corp.), Credit Agreement (Verso Paper Holdings LLC)
Termination or Release. (a) This Agreement Agreement, the Guarantees, the security interest in the Collateral and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc), Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc), Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc)
Termination or Release. (a) This Agreement Agreement, the Guaranties hereunder, the Security Interest and the all other security interests granted hereby shall terminate when all the Credit Agreement Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend or purchase and accept B/As under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank Letter of Credit Issuer has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 3 contracts
Samples: Lease Agreement (Compass Minerals International Inc), Collateral and Guaranty Agreement (Compass Minerals International Inc), Collateral and Guaranty Agreement (Salt Holdings Corp)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Pledge Agreement (Ryder TRS Inc), Pledge Agreement (Citadel Broadcasting Co)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has Fronting Banks have no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Shared Technologies Inc), Conformed Copy (Shared Technologies Inc)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the pledges made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations (other than contingent or unliquidated obligations or liabilities not then due) have been indefeasibly paid in full in cash or immediately available funds and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Control Agreement (Secure Computing Corp), Guarantee and Collateral Agreement (Berry Plastics Holding Corp)
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the outstanding Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (CCE Spinco, Inc.), Guarantee and Collateral Agreement (Live Nation, Inc.)
Termination or Release. (a) This Agreement and the security interests granted hereby guarantees made herein shall terminate when all the Guaranteed Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Finco Guarantee Agreement (TRW Automotive Inc), Finco Guarantee Agreement (TRW Automotive Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations (other than wholly contingent indemnification obligations) then due and owing have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Intersil Holding Co), Pledge Agreement (Interactive Media Corp)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Hechinger Co), Security Agreement (Hechinger Co)
Termination or Release. (a) This Agreement and the security interests granted hereby Guarantees shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit AgreementAgreement and no payment of any amounts outstanding and due under any Hedging Agreement is in default.
Appears in 2 contracts
Samples: Guarantee Agreement (Cbre Group, Inc.), Credit Agreement (Cbre Group, Inc.)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Trimas Corp), Pledge Agreement (Aerolink International Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby Guarantees made herein shall terminate with respect to all Guaranteed Obligations when all the outstanding Guaranteed Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee Agreement (KLIF Broadcasting, Inc.), Guarantee Agreement (Prelude Systems, Inc.)
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein and the all security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Blockbuster Inc), Guarantee and Collateral Agreement (Blockbuster Inc)
Termination or Release. (a) This Subject to Section 2.04, this Agreement and the security interests granted hereby Guarantees made herein shall terminate when all the Obligations (as distinguished from the Secured Obligations) have been indefeasibly paid in full full, in cash, and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee Agreement (Usg Corp), Guarantee Agreement (Usg Corp)
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate with respect to all First Lien Obligations when all the outstanding First Lien Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit AgreementAgreement and all other Permitted Debt Offering Obligations under the Permitted Debt Offering Agreements have been satisfied.
Appears in 2 contracts
Samples: Security Agreement (Nielsen Holdings B.V.), Security Agreement (Nielsen CO B.V.)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Secured Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Pledge Agreement (Colonial Downs, LLC), Pledge Agreement (Colonial Downs, LLC)
Termination or Release. (ai) This Agreement Agreement, the Guaranties hereunder, the Security Interest and the all other security interests granted hereby shall terminate when all the Credit Agreement Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend or purchase and accept B/As under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank Letter of Credit Issuer has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Lease Agreement (Compass Minerals International Inc), Lease Agreement (Compass Minerals International Inc)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the pledges made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations (other than contingent or unliquidated obligations or liabilities) have been indefeasibly paid in full in cash or immediately available funds and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (PQ Systems INC), Guarantee and Collateral Agreement (Goodman Holding CO)
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest and the all other security interests granted hereby shall terminate when all the Secured Obligations (other than Unliquidated Obligations) have been paid and satisfied in full in cash (and the Commitments have been terminated and the Unliquidated Obligations have been indefeasibly paid cash collateralized in full a manner satisfactory to the Agent) and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure under the Credit Agreement has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (TransDigm Group INC), Credit Agreement (TransDigm Group INC)
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Shutterfly Inc), Guarantee and Collateral Agreement (Mac-Gray Corp)
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate with respect to all Secured Obligations when all the outstanding Secured Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Security Agreement (Nielsen Holdings B.V.), Security Agreement (Global Media USA, LLC)
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate when all the outstanding Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Intellectual Property Security Agreement (Nielsen Holdings B.V.), Intellectual Property Security Agreement (Global Media USA, LLC)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations (other than any right to indemnification of any Secured Party with respect to any matter in respect of which no claim has been asserted and is outstanding) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Pledge Agreement (Knowles Electronics LLC), Pledge Agreement (Knowles Electronics LLC)
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate when all the outstanding Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Intellectual Property Security Agreement (Pinnacle Foods Finance LLC), Intellectual Property Security Agreement (Sungard Data Systems Inc)
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest, the pledge of the Pledged Collateral and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit AgreementAgreements, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit AgreementAgreements.
Appears in 2 contracts
Samples: Guarantee, Collateral and Intercreditor Agreement (Network Communications, Inc.), Collateral and Intercreditor Agreement (Network Communications, Inc.)
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest, the pledge of the Pledged Collateral and the all other security interests granted hereby shall terminate when all the Loan Document Obligations (other than wholly contingent indemnification or reimbursement obligations) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Ikaria, Inc.), Guarantee and Collateral Agreement (Deltek, Inc)
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero (unless such Letter of Credit has been Cash Collateralized to the reasonable satisfaction of the L/C Issuer) and the Issuing Bank L/C Issuer has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Mac-Gray Corp), Guarantee and Collateral Agreement (Mac-Gray Corp)
Termination or Release. (a) This Agreement and the security interests granted hereby Guarantees made herein shall terminate with respect to all Obligations when all the outstanding Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero (other than L/C Obligations that have been fully cash collateralized or supported by a backstop letter of credit in form and substance satisfactory to the Administrative Agent) and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee Agreement (Transcultural Health Develpment, Inc.)
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein and the security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Symbol Technologies Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the Aggregate L/C Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate with respect to all Secured Obligations when all the outstanding Credit Agreement Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and full, the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Pledge Agreement (Terex Corp)
Termination or Release. (a) This Agreement Agreement, the ---------------------- Guaranties hereunder, the Security Interest and the all other security interests granted hereby shall terminate when all the Credit Agreement Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend or purchase and accept B/As under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank Letter of Credit Issuer has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations (other than wholly contingent indemnification obligations) then due and owing have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Marathon Power Technologies Co)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit this Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations (other than inchoate indemnification obligations) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Assignment and Assumption (Fleetcor Technologies Inc)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has and the Synthetic L/C Exposure have each been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Credit Agreement (Dresser Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure aggregate amount of outstanding Letters of Credit has been reduced to zero and the Issuing Fronting Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations (other than wholly contingent indemnification obligations) then due and owing have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the Aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Diagnostic Pathology Management Services Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby Security Interest shall terminate when all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has and KPR LC Exposure have been reduced to zero and the Issuing Bank Lender has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement and the security interests granted hereby guarantees made herein shall terminate when all the Guaranteed Obligations (other than wholly contingent indemnification obligations) then due and owing have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee Agreement (Alion Science & Technology Corp)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the monetary Obligations have been indefeasibly paid in full and full, the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero or, in the case of outstanding Letters of Credit, cash collateral has been provided therefor pursuant to Section 2.22(j) of the Credit Agreement, and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Execution Copy (Bremen Bearings Inc)
Termination or Release. (a) This Agreement Agreement, and the security interests granted hereby guarantees made herein, shall automatically terminate when all the Loan Document Obligations (except for contingent indemnification obligations) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Guarantees, the security interest in the Collateral and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit AgreementAgreement and no payment of any amounts outstanding and due under any Hedging Agreement is in default.
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Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Senior Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Non Shared Collateral Pledge Agreement (Allied Waste Industries Inc)
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Security Agreement (Blockbuster Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC and Acceptance Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit or Acceptances under the Credit Agreement.
Appears in 1 contract
Samples: Pledge Agreement (J Crew Group Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations (other than wholly contingent indemnification obligations not yet due and payable) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero (unless collateralized or backstopped on terms satisfactory to the Issuing Bank) and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
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Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations (other than those described in clauses (c) and (d) of the definition thereof) and the Note Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure (as defined in the Credit Agreement) has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Documents Obligations (other than contingent obligations) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Symmetry Holdings Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Letter of Credit Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has and KPR LC Exposure have been reduced to zero and the Issuing Bank Lender has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate when all the outstanding Loan Agreement Obligations (other than unanticipated contingent indemnification obligations) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Pledge Agreement (PSF Holdings LLC)
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations (other than Obligations under Specified Hedge Agreements) then due and owing have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Credit Agreement (Knoll Inc)
Termination or Release. (a) This Agreement Agreement, the guarantees made herein, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Harman International Industries Inc /De/)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations (other than the Chase Obligations that have not been liquidated at such time) have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Letter of Credit Outstandings have been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Credit Agreement (Hechinger Co)
Termination or Release. (a) This Agreement and the security interests granted hereby guarantees made herein shall terminate when all of the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee Agreement (Harman International Industries Inc /De/)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and full, the Lenders have no further commitment to lend under the Credit Agreementlend, the L/C Exposure has Letter of Credit Outstandings have been reduced to zero or fully cash collateralized in a manner satisfactory to the Issuing Bank and the Administrative Agent, and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Guarantees made herein, the Security Interest and the all other security interests granted hereby shall automatically terminate when all the Obligations (other than unmatured indemnification obligations) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero (or cash collateralized or otherwise backstopped, in each case in form and substance satisfactory to the relevant Revolving Lender) and the Issuing Bank has Banks have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: First Lien Guarantee and Collateral Agreement (Jda Software Group Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when (i) all the Obligations have been indefeasibly paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has Banks have no further obligation to issue Letters of Credit under the Credit Agreement or (ii) upon the earlier occurrence of the conditions for release and termination set forth in Section 9.14 of the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement and the security ----------------------- interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Credit Agreement (Armkel LLC)
Termination or Release. (a) This Agreement and the Guarantees made in this Agreement shall terminate and the Security Interest and all other security interests granted hereby shall terminate be released automatically when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Wix Filtration Media Specialists, Inc.)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full (other than Obligations in respect of indemnification and expense reimbursement obligations hereunder or under any other Loan Document to the extent such Obligations are not due and payable) and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Pledge Agreement (Neenah Foundry Co)
Termination or Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations described in clause (a) of the definition thereof have been indefeasibly paid in full and full, the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations (other than wholly contingent indemnification obligations) then due and owing have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement and the Guarantees made in this Agreement shall terminate and the Security Interest and all other security interests granted hereby shall terminate be automatically released when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the each Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (US Oncology Holdings, Inc.)
Termination or Release. (a) This Agreement Agreement, the Guarantees, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations (other than contingent Obligations for indemnity) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit AgreementAgreements, the L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Revolving Credit Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Land O Lakes Inc)
Termination or Release. (a) This Agreement and the security interests granted hereby Security Interest shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders and the Swingline Lender have no further commitment to lend under the Credit Agreement, the L/C Exposure has been reduced to zero no Letters of Credit are outstanding and the Issuing Fronting Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement and the security interests granted hereby Guarantees made herein shall terminate with respect to all Obligations when all the outstanding Loan Agreement Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the Total L/C Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Domestic Security Agreement (Indalex Holdings Finance Inc)
Termination or Release. (a) This Agreement Agreement, the Security Interest and the all other security interests granted hereby shall terminate when all the outstanding Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero (except if such Letter of Credit is cash collateralized or subject to a backstop letter of credit reasonably satisfactory to the Administrative Agent and the Issuing Bank has LC Issuer) and the L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Security Agreement (Transcultural Health Develpment, Inc.)
Termination or Release. (a) This Agreement and the security interests granted hereby Guarantees made herein shall terminate with respect to all Obligations when all the outstanding Credit Agreement Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has Obligations have been reduced to zero and the Issuing Bank has L/C Issuers have no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Termination or Release. (a) This Agreement Agreement, the ---------------------- Guarantees, the Security Interest and the all other security interests granted hereby shall terminate when all the Loan Document Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C LC Exposure has been reduced to zero and the Issuing Bank has no further obligation obligations to issue Letters of Credit under the Credit Agreement.
Appears in 1 contract
Samples: Credit Agreement (Armkel LLC)
