Common use of EXISTING CREDIT AGREEMENT PAYMENTS AND ASSIGNMENTS Clause in Contracts

EXISTING CREDIT AGREEMENT PAYMENTS AND ASSIGNMENTS. (i) With respect to the Existing Credit Agreement, Borrowers shall have paid to BTCo, as administrative agent under the Existing Credit Agreement, for distribution to lenders and issuing lenders, as applicable, under the Existing Credit Agreement all unpaid accrued interest on all loans, all unpaid accrued commitment fees and all unpaid accrued fees on all Letters of Credit, in each case through but excluding the Effective Date. (ii) On or before the Effective Date, Borrowers, each lender under the Existing Credit Agreement, BTCo, as administrative agent under the Existing Credit Agreement, each Lender under this Agreement and Agents shall have executed and delivered the Master Assignment Agreement, substantially in the form of EXHIBIT XXIV annexed hereto, and on the Effective Date, each such lender, BTCo, Lender and Agents shall have sold, purchased and/or assigned such loans and/or revolving loan commitments pursuant to the Master Assignment Agreement such that each Lender's Pro Rata Share of the Loans and/or Revolving Loan Commitments upon consummation of the closing shall be as set forth on SCHEDULE 2.1 annexed hereto.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Graphic Systems Inc)

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EXISTING CREDIT AGREEMENT PAYMENTS AND ASSIGNMENTS. (i1) With respect to the Existing Credit Agreement, Borrowers Company shall have paid to BTCoBankers, as administrative agent under the Existing Credit Agreement, for distribution to lenders and issuing lenders, as applicable, under the Existing Credit Agreement all unpaid accrued interest on all loans, all unpaid accrued commitment fees and all unpaid accrued fees on all Letters of Credit, in each case through but excluding the Effective Date. (ii2) On or before the Effective Date, BorrowersCompany, each lender under the Existing Credit Agreement, BTCoBankers, as administrative agent under the Existing Credit Agreement, each Lender and Agent under this Agreement and Agents shall have executed and delivered the Master Assignment Agreement, substantially in the form of EXHIBIT XXIV Exhibit XX annexed hereto, and on the Effective Date, each such lender, BTCoBankers, Lender and Agents Agent shall have sold, purchased and/or assigned such loans and/or revolving loan commitments pursuant to the Master Assignment Agreement such that each Lender's Pro Rata Share of the Loans and/or Revolving Loan Commitments upon consummation of the closing shall be as set forth on SCHEDULE Schedule 2.1 annexed hereto.

Appears in 1 contract

Samples: Credit Agreement (Bay Area Warehouse Stores Inc)

EXISTING CREDIT AGREEMENT PAYMENTS AND ASSIGNMENTS. (i1) With respect to the Existing Credit Agreement, Borrowers Company shall have paid to BTCoBankers, as administrative agent under the Existing Credit Agreement, for distribution to lenders and issuing lenders, as applicable, under the Existing Credit Agreement all unpaid accrued interest on all loans, all unpaid accrued commitment fees and all unpaid accrued fees on all Letters of Credit, in each case through but excluding the Effective Closing Date. (ii2) On or before the Effective Closing Date, BorrowersCompany, each lender under the Existing Credit Agreement, BTCoBankers, as administrative agent under the Existing Credit Agreement, each Lender and Administrative Agent under this Agreement and Agents shall have executed and delivered the Master Assignment Agreement, substantially in the form of EXHIBIT XXIV Exhibit XIX annexed hereto, and on the Effective Closing Date, each such lender, BTCoBankers, Lender and Agents Administrative Agent shall have sold, purchased and/or assigned such loans and/or revolving loan commitments pursuant to the Master Assignment Agreement such that each Lender's Pro Rata Share of the Loans and/or Revolving Loan Commitments upon consummation of the closing shall be as set forth on SCHEDULE Schedule 2.1 annexed hereto.

Appears in 1 contract

Samples: Credit Agreement (Smiths Food & Drug Centers Inc)

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EXISTING CREDIT AGREEMENT PAYMENTS AND ASSIGNMENTS. (i) With respect to the Existing Credit Agreement, Borrowers Company shall have paid to BTCoFirst Union, as administrative agent under the Existing Credit Agreement, for distribution to lenders and issuing lenders, as applicable, under the Existing Credit Agreement all unpaid accrued interest on all loans, all unpaid accrued commitment fees and all unpaid accrued fees on all Letters of Credit, in each case through but excluding the Effective Date. (ii) On or before the Effective Date, BorrowersCompany, each lender under the Existing Credit Agreement, BTCoFirst Union, as administrative agent under the Existing Credit Agreement, and each Lender and Administrative Agent under this Agreement and Agents shall have executed and delivered the Master Assignment Agreement, substantially in the form of EXHIBIT XXIV Exhibit XIX annexed hereto, and on the Effective Date, each such lender, BTCoFirst Union, Lender and Agents Administrative Agent shall have sold, purchased and/or assigned such loans and/or revolving loan commitments and acquisition term loan commitments pursuant to the Master Assignment Agreement such that each Lender's Pro Rata Share of the Loans and/or Revolving Loan Commitments upon consummation of the closing Effective Date shall be as set forth on SCHEDULE Schedule 2.1 annexed hereto.

Appears in 1 contract

Samples: Credit Agreement (Pantry Inc)

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