Common use of Consummation of the Refinancing Clause in Contracts

Consummation of the Refinancing. (a) On or prior to the Closing Date and substantially concurrently with the incurrence of Loans and the use of such Loans to finance the Refinancing on such date, all Indebtedness of Holdings and its Subsidiaries under the Existing Credit Agreement shall have been repaid in full, together with all fees and other amounts owing thereon, 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, backstopped or cash collateralized.

Appears in 2 contracts

Samples: Credit Agreement (International Money Express, Inc.), Credit Agreement (Fintech Acquisition Corp. II)

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Consummation of the Refinancing. (a) On or prior to the Closing Date and substantially concurrently with the incurrence of Loans and the use of such Loans to finance the Refinancing on such date, all Indebtedness of Holdings and its Subsidiaries under the Existing Credit Agreement shall have been repaid in full, together with all fees and other amounts owing thereon, 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, backstopped or cash collateralized.

Appears in 1 contract

Samples: Credit Agreement (STG Group, Inc.)

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Consummation of the Refinancing. (ai) On or prior to the Closing Date and (or substantially concurrently with the incurrence of Loans and the use of such Loans to finance the Refinancing on such datetherewith), all outstanding loans and other Indebtedness then due and owing of Holdings and its Subsidiaries under the Existing Credit Agreement and the Loan Documents (as defined therein) shall have been repaid in full, together with all fees and other amounts owing thereon, and all commitments under the Existing Credit Agreement thereunder shall have been terminated and all letters any letter of credit issued pursuant to the Existing Credit Agreement thereto and outstanding shall have been terminated, backstopped or cash collateralizeddesignated as an Existing Letter of Credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (RSC Equipment Rental, Inc.)

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