Examples of Existing Credit Agreement in a sentence
Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding under the Existing Credit Agreement or instruments securing the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith.
This Amendment shall not extinguish the obligations for the payment of money outstanding under the Existing Credit Agreement or discharge or release the Lien or priority of any Collateral Document or any other security therefor.
Upon the incurrence of the Term B-3 Loans pursuant to this Amendment, such Term B-3 Loans (x) shall be a new and separate Class of Term Loans and (y) shall have the terms and conditions and the rights, remedies, protections, guarantees and collateral security afforded to the Obligations under the Credit Agreement and the other Loan Documents, as provided in the Existing Credit Agreement as of the Incremental Amendment Effective Date (immediately after the occurrence thereof).
The Administrative Agent shall have received a solvency certificate, substantially in the form set forth in Exhibit Q of the Existing Credit Agreement (with appropriate modifications to reflect the nature of the transactions contemplated by this Amendment), from the chief financial officer, chief accounting officer or other officer with equivalent duties of the Borrower.
This Agreement shall become effective on the Effective Date and shall supersede all provisions of the Existing Credit Agreement.