Common use of Existing Facilities Clause in Contracts

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL or the Parent have repaid in full and terminated the Existing Credit Facilities contemporaneously with the initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 2 contracts

Samples: Credit Agreement (Brown Tom Inc /De), Credit Agreement (Brown Tom Inc /De)

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Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL Borrower or the Parent its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities contemporaneously concurrently with the initial Combined Loans under effectiveness of the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 2 contracts

Samples: Credit Agreement (Apache Corp), Credit Agreement (Apache Corp)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL or the Parent or its Subsidiaries have repaid in full and terminated the Existing Credit Facilities contemporaneously with the initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 2 contracts

Samples: Credit Agreement (Brown Tom Inc /De), Pledge Agreement (Brown Tom Inc /De)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL the Borrower or the Parent its Subsidiaries have repaid in full and terminated the Existing Credit Facilities contemporaneously with the initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 2 contracts

Samples: Pledge Agreement (Brown Tom Inc /De), Credit Agreement (Brown Tom Inc /De)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL either (i) Borrower or the Parent its Subsidiaries have repaid in full and terminated the Existing Credit Facilities contemporaneously concurrently with the initial Combined Loans under effectiveness of the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with Agreements or (ii) the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory in full prior to the Global Administrative Agent have been made for recording and filing such releaseseffectiveness of the Combined Credit Agreements.

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL Borrower or the Parent its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities contemporaneously concurrently with the initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

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Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL Borrower or the Parent have repaid its Subsidiaries are repaying in full and terminated the Existing Target Credit Facilities Facility contemporaneously with the funding of the initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Target Credit Facilities have been Facility are being released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have has been made for recording and filing of such releases.

Appears in 1 contract

Samples: Credit Agreement (Forest Oil Corp)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL Borrower or the Parent its Subsidiaries have repaid in full and terminated the Existing Credit Facilities contemporaneously with the initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have has been made for recording and filing of such releases.

Appears in 1 contract

Samples: Credit Agreement (Forest Oil Corp)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that TBRL either (i) Borrower or the Parent its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities contemporaneously concurrently with the initial effectiveness of the Combined Loans under Credit Agreements or (ii) the Existing Global Credit Facilities have been terminated in full prior to the effectiveness of the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

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