Common use of Consummation of the Refinancing Clause in Contracts

Consummation of the Refinancing. (a) On or prior to the Initial Borrowing Date, all Indebtedness of the Borrower and its Subsidiaries under the Existing Credit Agreement shall have been repaid in full, together with all fees and other amounts owing thereon (such repayment, the “Refinancing”), all commitments under the Existing Credit Agreement shall have been terminated and all letters of credit issued pursuant to the Existing Credit Agreement shall have been terminated or shall have been back-stopped by a Letter of Credit issued hereunder.

Appears in 1 contract

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

AutoNDA by SimpleDocs

Consummation of the Refinancing. (a) On or prior to the Initial Borrowing Date, all Indebtedness to be Refinanced of the Borrower and its respective Subsidiaries under the Existing Credit Agreement shall have been repaid in full, together with all fees and other amounts owing thereon (such repayment, the “Refinancing”)thereon, all commitments under the Existing Credit Agreement thereunder shall have been terminated and all letters of credit issued pursuant to the Existing Credit Agreement thereto shall have been terminated or shall have been back-stopped by a Letter of Credit issued hereunderterminated.

Appears in 1 contract

Samples: Credit Agreement (NightHawk Radiology Holdings Inc)

Consummation of the Refinancing. (a) On or prior to the Initial Borrowing Effective Date, all Indebtedness of the Borrower Holdings and its Subsidiaries under the Existing Term Loan Credit Agreement and all documentation related thereto shall have been repaid in full, together with all fees and other amounts owing thereon (such repayment, the “Refinancing”), and all commitments under the Existing Credit Agreement thereunder shall have been terminated and all letters of credit issued pursuant to the Existing Credit Agreement thereto shall have been terminated or shall have been back-stopped by a Letter of Credit issued hereunderterminated.

Appears in 1 contract

Samples: Reimbursement Agreement (Endeavour International Corp)

Consummation of the Refinancing. (a) On or prior to Contemporaneously with the Initial Borrowing Dateinitial funding of Loans hereunder, all Indebtedness and other obligations in respect of the Borrower and its Subsidiaries under the Existing Credit Agreement Agreements shall have been repaid in full, together with all fees and other amounts owing thereon (such repayment, the “Refinancing”)thereon, all commitments under the Existing Credit Agreement thereunder shall have been terminated and all letters of credit issued pursuant to the Existing Credit Agreement thereto shall have been terminated or shall have been back-stopped by a (or, to the extent provided herein, incorporated as an Existing Letter of Credit issued hereunder).

Appears in 1 contract

Samples: Intercreditor Agreement (Southeastern Grocers, LLC)

AutoNDA by SimpleDocs

Consummation of the Refinancing. (a) On or prior to the Initial Borrowing DateFunding Date (contemporaneously with the making of the Term Loans on such date), all Indebtedness of the Borrower Holdings and its Subsidiaries under the Existing Credit Agreement Agreements and all documentation related thereto shall have been repaid in full, together with all fees and other amounts owing thereon (such repayment, the “Refinancing”)thereon, all commitments under the Existing Credit Agreement thereunder shall have been terminated and all letters of credit issued pursuant to the Existing Credit Agreement thereto shall have been terminated or shall have been back-stopped by cash collateralized in a Letter of Credit issued hereundermanner satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Endeavour International Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.