1998 Credit Agreement Sample Clauses

1998 Credit Agreement. Concurrently with the execution and delivery of this Restructuring Agreement, the Company, and Capital Partners, Overseas Partners, and each of the Wexford 1996 Funds, as lenders, and Wexford Management, as agent, shall enter into the 1998 Credit Agreement and shall execute and deliver each of the 1998 Loan Documents required to be executed and delivered pursuant to the 1998 Credit Agreement.
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1998 Credit Agreement. This Agreement shall be deemed to, and does hereby, amend and restate in its entirety the 1998 Credit Agreement. Simultaneous with the execution and delivery of this Agreement, the commitment of each Bank party to the 1998 Credit Agreement is hereby modified to be as set forth in Exhibit A to this Agreement, and First Union is hereby discharged from its duties and obligations as Agent under the 1998 Credit Agreement as contemplated by Article 9 of the 1998 Credit Agreement, except as provided below. Promptly following the effectiveness of this Agreement, National City, as the Agent under this Agreement and as successor Agent to First Union, shall coordinate with First Union, as the predecessor Agent, to effect the assignment of all liens and security interests currently in effect in the name of First Union National Bank, as Agent, to National City Bank, as successor Agent. Until such time as said assignments shall have been effectively completed, First Union National Bank shall continue as an agent for the benefit of the Banks.
Sample 1
1998 Credit Agreement. This Agreement shall be deemed to, and does hereby, amend and restate in its entirety the 1998 Credit Agreement. Simultaneous with the execution and delivery of this Agreement, the commitment of each bank party under the 1998 Credit Agreement is hereby modified to be as set forth in Exhibit B to this Agreement, and First Union National Bank is hereby discharged from its duties and obligations as Agent (as defined in the 1998 Agreement) under the 1998 Credit Agreement as contemplated by Article 10 of the 1998 Credit Agreement, except as provided below. Prior to the effectiveness of this Agreement, National City Bank, as Administrative Agent under this Agreement and as successor Agent to First Union National Bank under the1998 Credit Agreement, shall coordinate with First Union National Bank, as the predecessor Agent, to effect the assignment of all liens and security interests currently in effect in the name of First Union National Bank, as Agent, to National City Bank, as successor Agent.
Sample 1

Related to 1998 Credit Agreement

  • to Credit Agreement COLLATERAL REPORTS Borrower shall deliver or cause to be delivered the following:

  • Amendment of Credit Agreement (a) Effective as of the First Incremental Term Facility Amendment Effective Date, the Credit Agreement is hereby amended as follows: (i) The following definitions are hereby added in the appropriate alphabetical order to Section 1.01:

  • The Credit Agreement The Notes executed by the Borrower and delivered on the date hereof. The documents described in the foregoing clauses (a) and (b) are collectively referred to herein as the “Opinion Documents.” We have also reviewed originals or copies of such other agreements and documents as we have deemed necessary as a basis for the opinion expressed below. In our review of the Opinion Documents and other documents, we have assumed:

  • Revolving Credit Agreement The Agent shall have received this Agreement duly executed and delivered by each of the Banks and the Company and each of the Banks shall have received a fully executed Committed Note and a fully executed Bid Note, if such Notes are requested by any Bank pursuant to Section 12.9.

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein. The term “instrument” shall have the meaning specified in Article 9 of the New York UCC. (b) The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement.

  • 01 of the Credit Agreement Section 1.01 of the Credit Agreement is hereby amended as follows:

  • Credit Agreement and Notes This Agreement and the Notes executed by each party thereto;

  • Existing Credit Agreement On the date of this Agreement, the Existing Credit Agreement shall be amended and restated in its entirety by this Agreement, and the Existing Credit Agreement shall be replaced hereby; provided that the Borrower, the Administrative Agent and the Lenders agree that on the date of the initial funding of Loans hereunder, the loans and other Indebtedness of the Borrower under the Existing Credit Agreement shall be renewed, rearranged, modified and extended with the proceeds of the initial funding and the “Commitments” of the lenders under the Existing Credit Agreement shall be superseded by this Agreement and terminated. This Agreement is not in any way intended to constitute a novation of the obligations and liabilities existing under the Existing Credit Agreement or evidence payment of all or any portion of such obligations and liabilities. The terms and conditions of this Agreement and the Administrative Agent’s, the Lenders’ and the Issuing Banks’ rights and remedies under this Agreement and the other Loan Documents shall apply to all of the Indebtedness incurred under the Existing Credit Agreement and in respect of the Existing Letters of Credit. The undersigned hereby waive (i) any right to receive any notice of such termination, (ii) any right to receive any notice of prepayment of amounts owed under the Existing Credit Agreement, and (iii) any right to receive compensation under Section 5.02 of the Existing Credit Agreement in respect of Eurodollar Loans outstanding under the Existing Credit Agreement resulting from such rearrangement. Each Lender that was a party to the Existing Credit Agreement hereby agrees to return to the Borrower, with reasonable promptness, any promissory note delivered by the Borrower to such Lender in connection with the Existing Credit Agreement.

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: (a) The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

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