Examples of Original Credit Agreement in a sentence
In connection therewith, the “Commitments” under the Original Credit Agreement simultaneously terminated and no Lender under this Agreement has any obligation to advance a Term B Loan to the Borrower.
On the Closing Date, the rights and obligations of the parties evidenced by the Original Credit Agreement and the notes issued thereunder shall be evidenced by this Agreement, the Notes and the other Loan Documents, the “Loans” as defined in the Original Credit Agreement shall be continued under this Agreement for the account of the Borrower, and shall bear interest and be subject to such other fees as set forth in this Agreement.
This Agreement and each Note is not intended to be, and shall not constitute, a novation of the Original Credit Agreement or the obligations created thereunder.
On the Closing Date, this Agreement shall supersede the Original Credit Agreement in its entirety.
The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided in this Agreement, operate as a waiver of any right, power or remedy of Agent, nor constitute a waiver of any provision of the Original Credit Agreement, the other Financing Documents or any other documents, instruments and agreements executed or delivered in connection with any of the foregoing.