Existing Loan Agreement. The Seller will use the proceeds of the Transactions to pay off in full any indebtedness under the Existing Loan Agreement and will secure the complete and unconditional release by the lender(s) thereunder of all Liens thereunder.
Existing Loan Agreement. Borrowers shall have terminated the Loan Agreement (and any documents executed in connection therewith (other than any document related to the IDRB Letter of Credit)), dated as of December 30, 2003, as amended, between Core Molding and KeyBank, which terminations shall be deemed to have occurred upon payment in full of all of the Indebtedness outstanding thereunder.
Existing Loan Agreement. Each party hereto hereby acknowledge, confirm and agree that: (a) the Existing Loan Agreement has been duly executed and delivered by each party thereto and is in full force and effect as of the date hereof and (b) the agreements and obligations of the parties both thereto and hereto contained in the Existing Loan Agreement (as modified by this Agreement) constitute the legal, valid and binding obligations of such Persons against them in accordance with their respective terms and such Persons have no valid defense to the enforcement of such obligations.
Existing Loan Agreement. There shall occur under the Existing Loan Agreement a Default (as therein defined); or
Existing Loan Agreement. Borrowers and Guarantors hereby acknowledge, confirm and agree that, immediately prior to giving effect to this Agreement, (a) the Existing Loan Agreement is in full force and effect as of the date hereof, and (b) the agreements and obligations of Borrowers and Guarantors contained in the Existing Loan Agreement constitute the legal, valid and binding obligations of Borrowers and Guarantors against them in accordance with their respective terms and Borrowers and Guarantors have no valid defense to the enforcement of such obligations.
Existing Loan Agreement. On the Restatement Date, all Revolving Credit Loans shall have been converted to Base Rate Loans, all amounts owing under the Existing Loan Agreement to Prior Lenders which are not Lenders hereunder shall have been paid (including interest, fees and costs required by Section 3.2.5 of the Existing Loan Agreement), and Borrower shall have paid to Agent and the Lenders all interest, fees and costs (including those required by Section 3.2.5 of the Existing Loan Agreement) due under the Existing Loan Agreement and the Loan Documents.
Existing Loan Agreement. This Agreement amends and restates the Credit Agreement dated as of December 9, 2009, between the Borrower and the Bank, as amended by that certain First Amendment to Credit Agreement dated as of November 22, 2010, between the Borrower and the Lender (as amended, the “Existing Credit Agreement”), in its entirety, provided that the obligations of the Borrower incurred under the Existing Credit Agreement shall continue under this Agreement, and shall not in any circumstances be terminated, extinguished or discharged hereby or thereby but shall hereafter be governed by the terms of this Agreement. [The remainder of this page has been left blank intentionally.]
Existing Loan Agreement. The Administrative Agent and the Lenders shall have received satisfactory evidence that all amounts owing under the Existing Loan Agreement (including, without limitation, interest, fees and expenses) have been repaid in full.
Existing Loan Agreement. Borrowers and Guarantors hereby acknowledge, confirm and agree that: (a) the Existing Loan Agreement has been duly executed and delivered by Borrowers and Guarantors and is in full force and effect as of the date hereof and (b) the agreements and obligations of Borrowers and Guarantors contained in the Existing Loan Agreement constitute the legal, valid and binding obligations of Borrowers and Guarantors against them in accordance with their respective terms and Borrowers and Guarantors have no valid defense to the enforcement of such obligations and (c) Agent and Lenders are entitled to all of the rights and remedies provided for in the Existing Loan Agreement.
Existing Loan Agreement. Loan and Security Agreement dated June 2, 1999 between Borrower and Bank, as amended by the Amendment No. 1 to Loan and Security Agreement dated as of March 3, 2000 between Borrower and Bank, as amended by the Joinder and Forbearance Agreement dated September 26, 2000 between Borrower and Bank, as amended by the Amendment to Joinder and Forbearance Agreement dated as of October 31, 2000.
