Common use of Existing Credit Agreement Amended and Restated Clause in Contracts

Existing Credit Agreement Amended and Restated. Upon satisfaction on the Closing Date of all of the conditions specified in Sections 4.01 and 4.02, (a) this Agreement shall amend and restate the Existing Credit Agreement in its entirety, (b) each of the “Loans” (as such term is defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement on the Closing Date shall, for purposes of this Agreement and the Loan Documents, be included as Loans and Obligations hereunder and thereunder, (c) all Liens securing obligations under the Existing Credit Agreement and the Loan Documents executed pursuant thereto shall be automatically continued as security for the Obligations, and (d) each Lender who holds Loans in an aggregate amount less than its Applicable Percentage (after giving effect to the amendment and restatement of the Existing Credit Agreement in the form of this Agreement) of all Loans shall advance new Loans which shall be disbursed to the Administrative Agent and used to repay Loans outstanding to each Lender who holds Loans in an aggregate amount greater than its Applicable Percentage of all Loans.

Existing Credit Agreement Amended and Restated. Upon satisfaction on On the Closing Date of all of the conditions specified in Sections 4.01 and 4.02Effective Date, (a) this Agreement shall amend and restate the Existing Credit Agreement in its entiretyentirety but, for the avoidance of doubt, shall not constitute a novation of the parties’ rights and obligations thereunder, (b) each the “Commitments” thereunder (and as defined therein) shall automatically continue as “Commitments” herein, (c) the rights and obligations of the “Loans” (as such term is defined in the Existing Credit Agreement) outstanding under parties hereto evidenced by the Existing Credit Agreement on the Closing Date shall, for purposes of shall be evidenced by this Agreement and the other Loan Documents, be included (d) the “Revolving Loans” and “Term Loans” under (and as Loans and Obligations hereunder and thereunder, (cdefined in) all Liens securing obligations under the Existing Credit Agreement shall remain outstanding and the Loan Documents executed pursuant thereto shall be automatically continued as security for the ObligationsRevolving Loans and Original Term Loans, respectively, hereunder, and shall bear interest and be subject to such other fees as set forth in this Agreement, and (de) each Lender who holds Loans the security interests granted under the Collateral Documents shall continue to secure the Secured Obligations. All interest and fees and expenses, if any, owing or accruing under or in an aggregate amount less than its Applicable Percentage (after giving effect to the amendment and restatement respect of the Existing Credit Agreement to the Effective Date shall be calculated as of the Effective Date (pro-rated in the form case of this Agreement) of all Loans shall advance new Loans which any fractional periods), and shall be disbursed to paid on the Administrative Agent and used to repay Loans outstanding to each Lender who holds Loans in an aggregate amount greater than its Applicable Percentage of all LoansEffective Date.