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Existing Credit Agreements Superseded Sample Clauses

Existing Credit Agreements Superseded. This Agreement shall supersede each of the Existing Credit Agreements in its entirety, except as provided in this Section 14.31 and Section 3.6. On the Closing Date, the rights and obligations of the parties under each of the Existing Credit Agreements and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided, however, that (x) any of the “Loans” (as defined in the Existing Credit Agreements) outstanding under the Existing Credit Agreements shall, for purposes of this Agreement, be Loans hereunder (y) this Agreement shall not in any way release or impair the rights, duties or obligations created pursuant to the Existing Credit Agreements or any other Loan Document (as defined in the Existing Credit Agreements) or affect the relative priorities thereof, in each case to the extent in force and effect thereunder as of the Closing Date, except as modified hereby or by documents, instruments and agreements executed and delivered in connection herewith, and all of such rights, duties and obligations are assumed, ratified and affirmed by the Borrower; and (z) the execution, delivery and effectiveness of this Agreement shall not operate as a waiver of any right, power or remedy of the Lenders or the Administrative Agent under the Existing Credit Agreements, or constitute a waiver of any covenant, agreement or obligation under the Existing Credit Agreements, except to the extent that any such covenant, agreement or obligation is no longer set forth herein or is modified hereby. The Revolving Credit Lenders’ interests in the Revolving Credit Loans and participations in the Letters of Credit shall be reallocated on the Closing Date in accordance with each Revolving Credit Lender’s applicable Revolving Credit Commitments, and the Revolving Credit Lenders shall make such purchases of Revolving Credit Loans from each other as are necessary to effect such reallocation. The Term Lenders’ interests in the Term Loans under the Existing Term Loan Agreement shall be reallocated on the Closing Date in accordance with each Term Lender’s applicable Term Commitments, and the Term Lenders shall make such purchases of such Term Loans from each other as are necessary to effect such reallocation. On the Closing Date, (A) the loan commitments of each Lender that is a party to one of the Existing Credit Agreements but is not a party to this Agreement (an “Exiting Lender”) will be terminated, all outstanding obligations owing to t...
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Existing Credit Agreements Superseded. This Credit Agreement shall on -------- ------ ---------- ---------- the Closing Date supersede the Revolver Credit Agreement and the Acquisition Credit Agreement in their entirety, except as provided in this (S)28. On the Closing Date, the rights and obligations of the parties evidenced by the Revolver Credit Agreement and the Acquisition Credit Agreement shall be evidenced by this Credit Agreement and other Revolver Loan Documents, the "Revolving Credit Loans" as defined in the Revolver Credit Agreement and the Acquisition Credit Agreement shall be converted to Revolving Credit Loans, as defined herein, and all outstanding letters of credit issued by the Agent for the account of the Borrower prior to the Closing Date shall, for the purposes of this Credit Agreement, be Letters of Credit.
Sample 1
Existing Credit Agreements Superseded. This Agreement shall supersede each of the Existing Revolving Credit Agreement and the Existing Term Loan Agreement in their entirety, except as provided in this Article XVI. On the Closing Date, the rights and obligations of the parties under the Existing Revolving Credit Agreement and the Existing Term Loan Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided, however, that any of the “Loans” (as defined in the Existing Revolving Credit Agreement and the Existing Term Loan Agreement) outstanding under the Existing Revolving Credit Agreement and the Existing Term Loan Agreement shall, for purposes of this Agreement, be Loans hereunder. The Lenders’ interests in such Loans and participations in any Letters of Credit shall be reallocated on the Closing Date in accordance with each Lender’s applicable Commitment.
Sample 1
Existing Credit Agreements Superseded. This Agreement shall supersede the each of the Existing Credit Agreements in its entirety, except as provided in this Section 32. On the Effective Date, the rights and obligations of the parties under each of the Existing Credit Agreements and the "Notes" defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided however, that any of the "Outstanding Obligations" (as defined in each of the Original Credit Agreement and Multi-Currency Credit Agreement) outstanding under the Original Credit Agreement and Multi-Currency Credit Agreement shall, for purposes of this Agreement, be Outstanding Obligations hereunder. The Lenders' interests in such Outstanding Obligations, and 101 participations in such Letters of Credit shall be reallocated on the Effective Date in accordance with each Lender's applicable Commitment Percentage.
Sample 1
Existing Credit Agreements Superseded. This Agreement shall supersede ------------------------------------- the Existing Credit Agreements in their entirety, except as provided in this ss.30. On the Closing Date, the rights and obligations of the parties under the Existing Credit Agreements and the "Notes" as defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided, however, that each of the "Revolving Credit Loans" (as such term is respectively defined in the Existing Credit Agreements) outstanding under the Existing Credit Agreements on the Closing Date shall, for purposes of this Agreement, be included as Revolving Credit Loans and each of the "Letters of Credit" (as such term is respectively defined in the Existing Credit Agreements) outstanding under the Existing Credit Agreements on the Closing Date shall be Letters of Credit.
Sample 1

Related to Existing Credit Agreements Superseded

  • Existing Credit Agreement Upon satisfaction of the conditions precedent set forth in Sections 5.1. and 5.2. of this Agreement, this Agreement and the other Loan Documents shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Credit Agreement, and the Existing Credit Agreement shall be superseded in all respects, in each case, on a prospective basis only.

  • PRIOR AGREEMENTS SUPERSEDED This Contract restates, amends and supersedes any and all prior Seller Contracts or Servicer Contracts between the parties except that any subservicing agreement executed by the Seller/Servicer in connection with any loan-security exchange transaction shall not be affected.

  • Amendments to Existing Credit Agreement Effective on (and subject to the occurrence of) the Effective Date, the Existing Credit Agreement is hereby amended in accordance with this Part II. Except as so amended, the Existing Credit Agreement shall continue in full force and effect.

  • Credit Agreements Schedule II is a complete and correct list, as of the date of this Agreement, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Company or any of its Material Subsidiaries the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $150,000,000 and the aggregate principal or face amount outstanding or which may become outstanding under each such arrangement is correctly described in Schedule II.

  • Credit Agreement Amendments As of the Effective Date, a. Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions:

  • Amendment and Restatement of Existing Credit Agreement Upon the execution and delivery of this Agreement, the Existing Credit Agreement shall be amended and restated to read in its entirety as set forth herein. With effect from and including the Effective Date, (i) the Commitments of each Lender party hereto shall be as set forth on Appendix A (and (a) to the extent that such Lender constitutes a lender under the Existing Credit Agreement (a “Consenting Lender”), such Consenting Lender’s commitment thereunder shall be terminated and replaced with its respective Commitment hereunder and (b) any lender under the Existing Credit Agreement that is not listed on Appendix A shall cease to be a Lender hereunder and its commitment thereunder shall be terminated; provided that, for the avoidance of doubt, such lender under the Existing Credit Agreement shall continue to be entitled to the benefits of Section 9.03 of the Existing Credit Agreement), (ii) all accrued and unpaid interest and fees and other amounts owing under the Existing Credit Agreement shall have been paid by the Borrower under the Existing Credit Agreement, whether or not such interest, fees or other amounts would otherwise be due and payable at such time pursuant to the Existing Credit Agreement, (iii) the Commitment Ratio of the Consenting Lenders shall be redetermined based on the Commitments set forth in the Appendix A and the participations of the Consenting Lenders in, and the obligations of the Consenting Lenders in respect of, any Letters of Credit or Swingline Loans outstanding on the Effective Date shall be reallocated to reflect such redetermined Commitment Ratio and (iv) each JLA Issuing Bank shall have the Fronting Sublimit set forth in Appendix B.

  • Prior Agreements; Amendments This Agreement supersedes all prior agreements between each Fund on behalf of each of the Fund’s Portfolios and the Custodian relating to the custody of the Fund’s assets. This Agreement may be amended at any time in writing by mutual agreement of the parties hereto.

  • Existing Agreement Except as expressly amended herein, the Credit Agreement shall remain in full force and effect, and in all other respects is affirmed.

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein. The term “instrument” shall have the meaning specified in Article 9 of the New York UCC. (b) The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement.

  • Amendments to the Existing Credit Agreement Upon, and subject to, the satisfaction or waiver in accordance with Section 9.02 of the Existing Credit Agreement of the conditions precedent set forth in Section 2 below, the Existing Credit Agreement is hereby amended as follows: (a) The following new definition is included in Section 1.01 of the Existing Credit Agreement in the proper alphabetical order as follows:

Most Referenced Clauses

Most Referenced Definitions