Common use of Effect of Amendment and Restatement of the Existing Credit Agreement Clause in Contracts

Effect of Amendment and Restatement of the Existing Credit Agreement. On the Closing Date, the Existing Credit Agreement shall be amended and restated in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation or termination of the “Obligations” (as defined in the Existing Credit Agreement under the Existing Credit Agreement as in effect immediately prior to the Closing Date and which remain outstanding; and (b) except for any “Obligations” (as defined in the Existing Credit Agreement) which are expressly contemplated to be repaid on the Closing Date and to the extent are in fact so repaid, the “Obligations” (as amended and restated hereby and which are hereinafter subject to the terms herein) are in all respects continuing.

Appears in 3 contracts

Samples: Credit Agreement (Equifax Inc), Credit Agreement (Equifax Inc), Credit Agreement (Equifax Inc)

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Effect of Amendment and Restatement of the Existing Credit Agreement. On the Closing Effective Date, the Existing Credit Agreement shall be amended and restated in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation novation, payment and reborrowing, or termination of the "Obligations” (as defined in the Existing Credit Agreement under the Existing Credit Agreement as in effect immediately prior to the Closing Date and which remain outstanding; and (b) except for any “Obligations” " (as defined in the Existing Credit Agreement) which are expressly contemplated under the Existing Credit Agreement as in effect prior to be repaid on the Closing Effective Date and to the extent which remain outstanding, (b) such "Obligations" are in fact so repaid, the “Obligations” all respects continuing (as amended and restated hereby hereby) and which are hereinafter subject to (c) the terms herein) Liens and security interests as granted under the Security Documents securing payment of such "Obligations" are in all respects continuingcontinuing and in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Mueller Holdings (N.A.), Inc.)

Effect of Amendment and Restatement of the Existing Credit Agreement. On the Closing Second Amendment and Restatement Effective Date, the Existing Credit Agreement shall be amended and restated in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation or termination of the “Obligations” (as defined in the Existing Credit Agreement Agreement) under the Existing Credit Agreement as in effect immediately prior to the Closing Second Amendment and Restatement Effective Date and which remain outstanding; and , (b) except for any “Obligations” (as defined in the Existing Credit Agreement) which are expressly contemplated to be repaid on the Closing Date and to the extent are in fact so repaid, the “Obligations” are in all respects continuing (as amended and restated hereby and which are hereinafter subject to the terms herein) and (c) the Liens as granted under the applicable Loan Documents securing payment of such “Obligations” are in all respects continuingcontinuing and in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)

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Effect of Amendment and Restatement of the Existing Credit Agreement. On the Closing Date, the Existing Credit Agreement shall be amended amended, restated and restated superseded in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation novation, payment and reborrowing, or termination of the "Obligations” (as defined in the Existing Credit Agreement under the Existing Credit Agreement as in effect immediately prior to the Closing Date and which remain outstanding; and (b) except for any “Obligations” " (as defined in the Existing Credit Agreement) which are expressly contemplated under the Existing Credit Agreement as in effect prior to be repaid on the Closing Date and to the extent Date, (b) such "Obligations" are in fact so repaid, the “Obligations” all respects continuing (as amended and restated hereby and which are hereinafter subject to hereby) with only the terms herein) are thereof being modified as provided in all respects continuing.this Agreement; and (

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Lear Corp Eeds & Interiors)

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