Common use of Confirmation of Payment Clause in Contracts

Confirmation of Payment. The Administrative Agent and the Lenders will, upon request after payment in cash in full of the Credit Party Obligations of the Borrowers and obligations which are the subject of the Foreign Guaranty and termination of the Commitments relating thereto (excluding any continuing obligations under any Secured Hedging Agreements, pooling agreements or cash management agreements), confirm to the Foreign Borrowers, the Foreign Guarantors or any other Person that such Credit Party Obligations of the Foreign Borrowers and obligations have been paid and the Commitments relating thereto terminated, subject to the provisions of Section 11.2, and shall release all Liens securing the Credit Party Obligations.

Appears in 1 contract

Samples: Credit Agreement (Lionbridge Technologies Inc /De/)

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Confirmation of Payment. The Administrative Agent and the Lenders will, upon request after payment in cash in full of the Credit Party Obligations of the Borrowers and obligations which are the subject of the Foreign US Guaranty and termination of the Commitments relating thereto (excluding any continuing obligations under any Secured Hedging Agreements, pooling agreements or cash management agreements), confirm to the Foreign BorrowersCompany, the Foreign US Guarantors or any other Person that such Credit Party Obligations of the Foreign Borrowers and obligations have been paid and the Commitments relating thereto terminated, subject to the provisions of Section 11.210.2, and shall release all Liens securing the Credit Party Obligations.

Appears in 1 contract

Samples: Credit Agreement (Lionbridge Technologies Inc /De/)

Confirmation of Payment. The Administrative Agent and the Lenders will, upon request after payment in cash in full of the Credit Party Obligations of the Borrowers and obligations which are the subject of the Foreign Guaranty and termination of the Commitments relating thereto (excluding any continuing obligations under any Secured Hedging Agreements, pooling agreements or cash management agreements), confirm to the Foreign BorrowersBorrower, the Foreign Guarantors or any other Person that such Credit Party Obligations of the Foreign Borrowers Borrower and obligations have been paid and the Commitments relating thereto terminated, subject to the provisions of Section 11.2, and shall release all Liens securing the Credit Party Obligations.

Appears in 1 contract

Samples: Credit Agreement (Lionbridge Technologies Inc /De/)

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Confirmation of Payment. The Administrative Agent and the Lenders will, upon request after payment in cash in full of the Credit Party Obligations of the Borrowers and obligations which are the subject of the Foreign US Guaranty and termination of the Commitments relating thereto (excluding any continuing obligations under any Secured Hedging Agreements, pooling agreements or cash management agreements), confirm to the Company, any Foreign BorrowersBorrower, the Foreign US Guarantors or any other Person that such Credit Party Obligations of the Foreign Borrowers and obligations have been paid and the Commitments relating thereto terminated, subject to the provisions of Section 11.210.2, and shall release all Liens securing the Credit Party Obligations.

Appears in 1 contract

Samples: Credit Agreement (Lionbridge Technologies Inc /De/)

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