Credit Facility and Derivative Matters. Contemporaneously with Closing, (a) all amounts outstanding under the Company Credit Facility shall have been repaid in full, (b) the administrative agent thereunder shall have delivered to Buyer (in form and substance reasonably acceptable to Buyer) releases and/or terminations, as applicable, of all mortgages and security interests relating to the Company and/or the Assets with respect to the Company Credit Facility and (c) the Company and Seller shall have received (i) all novations and terminations with respect to the Xxxxxx and (ii) all necessary consents with respect to the Xxxxxx (at Buyer’s expense), including in connection with any novation or termination of the Xxxxxx.
Appears in 5 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
Credit Facility and Derivative Matters. Contemporaneously with Closing, (a) all amounts outstanding under the Company Seller Credit Facility shall have been repaid in full, (b) the administrative agent thereunder shall have delivered to Buyer (in form and substance reasonably acceptable to Buyer) releases and/or terminations, as applicable, of all mortgages and security interests relating to the Company Entities and/or the Assets with respect to the Company Seller Credit Facility and (c) the Company Entities and Seller shall have received (i) all novations and terminations with respect to the Xxxxxx and (ii) all necessary consents with respect to the Xxxxxx (at Buyer’s expense), including in connection with any novation or termination of the Xxxxxx.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Memorial Production Partners LP)
Credit Facility and Derivative Matters. Contemporaneously with Closing, (a) all amounts outstanding under the Company Seller Credit Facility shall have been repaid in full, (b) the administrative agent thereunder shall have delivered to Buyer (in form and substance reasonably acceptable to Buyer) releases and/or terminations, as applicable, of all mortgages and security interests relating to the Company and/or the Assets with respect to the Company Seller Credit Facility and (c) the Company and Seller shall have received (i) all novations and terminations with respect to the Xxxxxx and (ii) all necessary consents with respect to the Xxxxxx (at Buyer’s expense), including in connection with any novation or termination of the Xxxxxx.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Memorial Production Partners LP)
