Common use of Existing Agreement Clause in Contracts

Existing Agreement. (a) On the Closing Date, the commitments under the Existing Agreements shall terminate, without further action by any party thereto. (b) The Banks which are parties to each Existing Agreement, comprising the “Majority Banks” as defined therein, hereby waive any requirement of notice of termination of the commitments pursuant to each such Existing Agreement and of prepayment of loans to the extent necessary to give effect to subsections 4.01(g) and 4.03(a); provided that any such prepayment of loans shall be subject to Section 3.04 of such Existing Agreement.

Appears in 3 contracts

Samples: Credit Agreement (General Mills Inc), Credit Agreement (General Mills Inc), Credit Agreement (General Mills Inc)

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Existing Agreement. (a) On the Closing Date, the commitments under the Existing Agreements Agreement shall terminate, without further action by any party thereto. (b) The Banks which are parties to each the Existing Agreement, comprising the “Majority Banks” as defined therein, hereby waive any requirement of notice of termination of the commitments pursuant to each such the Existing Agreement and of prepayment of loans to the extent necessary to give effect to subsections 4.01(g4.01(h) and 4.03(a); provided that any such prepayment of loans shall be subject to Section 3.04 of such the Existing Agreement.

Appears in 2 contracts

Samples: Credit Agreement (General Mills Inc), Credit Agreement (General Mills Inc)

Existing Agreement. (a) On the Closing Effective Date, the commitments under the Existing Agreements Agreement shall terminate, without further action by any party thereto. (b) The Banks which are parties to each the Existing Agreement, comprising the “Majority "Required Banks" as defined therein, hereby waive any requirement of notice of termination of the commitments pursuant to each such Section 2.09 of the Existing Agreement and of prepayment of loans Loans to the extent necessary to give effect to the subsections 4.01(g3.01(e) and 4.03(a3.02(a); provided , PROVIDED that any such prepayment of loans Loans shall be subject to Section 3.04 2.13 of such the Existing Agreement.

Appears in 1 contract

Samples: Credit Agreement (Tyco International LTD /Ber/)

Existing Agreement. (a) On the Closing Date, the commitments under the Existing Agreements Agreement shall terminate, without further action by any party thereto. (b) The Banks which are parties to each the Existing Agreement, comprising the “Majority Banks” as defined therein, hereby waive any requirement of notice of termination of the commitments pursuant to each such the Existing Agreement and of prepayment of loans to the extent necessary to give effect to subsections 4.01(g4.01(h) and 4.03(a); provided that any such prepayment of loans shall be subject to Section 3.04 of such Existing Agreement.and

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

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Existing Agreement. (a) On the Closing Date, the commitments under the Existing Agreements Agreement shall terminate, without further action by any party thereto. (b) The Banks which are parties to each the Existing Agreement, comprising the “Majority Banks” as defined therein, hereby waive any requirement of notice of termination of the commitments pursuant to each such the Existing Agreement and of prepayment of loans to the extent necessary to give effect to subsections 4.01(g) and 4.03(a); , provided that any such prepayment of loans shall be subject to Section 3.04 of such the Existing Agreement.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Existing Agreement. (a) On the Closing Date, the commitments under the Existing Agreements Agreement shall terminate, without further action by any party thereto. (b) The Banks which are parties to each the Existing Agreement, comprising the “Majority Banks” as defined therein, hereby waive any requirement of notice of termination of the commitments pursuant to each such the Existing Agreement and of prepayment of loans to the extent necessary to give effect to subsections 4.01(g4.01(h) and 4.03(a‎4.03(a); provided that any such prepayment of loans shall be subject to Section ‎Section 3.04 of such the Existing Agreement.

Appears in 1 contract

Samples: Five Year Credit Agreement (General Mills Inc)

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