Examples of Prior Lender Obligations in a sentence
Agent shall have received payoff letters from the Prior Lenders, each in form and substance reasonably satisfactory to Agent, as to the Prior Lender Obligations.
Prior to the Original Closing Date, Holdings will not have engaged in any business or incurred any Indebtedness or any other liabilities (except in connection with its corporate formation, the Prior Lender Obligations under and as defined in the Original Credit Agreement, the Related Transactions Documents and this Agreement).
Agents shall have received payoff letters from the Prior Lenders, each in form and substance reasonably satisfactory to Agents, as to the Prior Lender Obligations.
Borrower shall use the proceeds of the Advances solely as follows: (a) to refinance on the Closing Date, the Prior Lender Obligations, and (b) to pay costs and expenses required to be paid pursuant to Section 10.1.
The Agents shall have received a fully executed copy of a pay-off letter reasonably satisfactory to Agents confirming that all outstanding Prior Lender Obligations (except for Contingent Obligations (as defined in the Pre-Petition Credit Agreement) which by their terms survive the termination of the Pre-Petition Credit Agreement) consisting of, but not limited to, principal and interest, will be repaid in full from the proceeds of the Loans.