Common use of Existing Credit Agreement Superseded Clause in Contracts

Existing Credit Agreement Superseded. This Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 11.22. On the Closing Date, the rights and obligations of the parties under each of the Existing Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes issued hereunder; provided however, that any of the “Obligations” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall, for purposes of this Agreement, be Obligations hereunder. The Lenders' interests in such Obligations shall be reallocated on the Closing Date in accordance with each Lender's applicable Revolving Loan Commitment Percentage.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa)

AutoNDA by SimpleDocs

Existing Credit Agreement Superseded. This Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 11.22§32. On the Closing Effective Date, the rights and obligations of the parties under each of the Existing Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes issued hereunderNotes; provided however, that any of the “Outstanding Obligations” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall, for purposes of this Agreement, be Outstanding Obligations hereunder. The Lenders' interests in such Obligations Outstanding Obligations, and participations in such Letters of Credit shall be reallocated on the Closing Effective Date in accordance with each Lender's ’s applicable Revolving Loan Commitment Percentage.

Appears in 1 contract

Samples: Credit Agreement (Liberty Property Limited Partnership)

Existing Credit Agreement Superseded. This Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 11.22§32. On the Closing Effective Date, the rights and obligations of the parties under each of the Existing Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes issued hereunderNotes; provided however, that any of the “Outstanding Obligations” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall, for purposes of this Agreement, be Outstanding Obligations hereunder. The Lenders' interests in such Obligations Outstanding Obligations, and participations in such Letters of Credit shall be reallocated on the Closing Effective Date in accordance with each Lender's applicable Revolving Loan Commitment Percentage.

Appears in 1 contract

Samples: Credit Agreement (Liberty Property Limited Partnership)

Existing Credit Agreement Superseded. This Credit Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 11.22. On the Closing Effective Date, the rights and obligations of the parties under each of the Existing Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Credit Agreement and the Notes issued hereunder; provided however, that any of the “Obligations” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall, for purposes of this Credit Agreement, be Obligations hereunder. The Lenders' interests in such Obligations shall be reallocated on the Closing Effective Date in accordance with each Lender's applicable Revolving Loan Commitment Percentage.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.)

AutoNDA by SimpleDocs

Existing Credit Agreement Superseded. This Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 11.22. On the Closing Date, the rights and obligations of the parties under each of the Existing Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes issued hereunder; provided however, that any of the “Obligations” (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall, for purposes of this Agreement, be Obligations hereunder. The Lenders' interests in such Obligations shall be reallocated on the Closing Date in accordance with each Lender's ’s applicable Revolving Loan Commitment Percentage.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa)

Time is Money Join Law Insider Premium to draft better contracts faster.