Existing Credit Arrangements Sample Clauses

Existing Credit Arrangements. On or before the initial Extension of Credit, the Existing Credit Agreement shall have been terminated and all Indebtedness thereunder shall have been repaid in full, all collateral (if any) pledged to secure such Indebtedness shall be released and executed Uniform Commercial Code termination statements shall either have been filed or be provided to the Agent.
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Existing Credit Arrangements. (i) The Borrower's existing credit arrangements with National Bank of Canada as administrative agent (the "Existing Lenders") shall be concurrently terminated and all loans and obligations of the Credit Parties thereunder shall be paid or satisfied in full, including, through utilization of the proceeds of the initial Revolving Loans to be made under this Agreement; and (ii) all Liens and all claims to Insurance Proceeds in favour of the Existing Lenders on the Collateral and otherwise in connection therewith shall be terminated and/or released upon such payment.
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Existing Credit Arrangements. (i) Spruce Fall’s existing credit arrangements with The Toronto-Dominion Bank as administrative agent (the "Existing Lenders") shall be concurrently terminated and all loans and obligations of 5183878 v13 Spruce Falls and any of its Restricted Subsidiaries thereunder shall be paid or satisfied in full, including, through utilization of the proceeds of the initial Revolving Loans to be made under this Agreement; and (ii) all Liens and all claims to Insurance Proceeds in favour of the Existing Lenders on the Collateral owned by Spruce Falls and any of its Restricted Subsidiaries and otherwise in connection therewith shall be terminated and/or released upon such payment.
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Existing Credit Arrangements. The Existing Credit Agreement and any existing credit facilities relating to the BrassRing Acquisition shall have been terminated, all Indebtedness thereunder shall have been paid in full and the Liens securing any such Indebtedness shall have been released and payoff letters shall have been delivered to the Administrative Agent and be in a form acceptable to the Administrative Agent.
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Existing Credit Arrangements. All existing credit arrangements between any of the Borrowers and any Bank, including the Existing Credit Agreements, shall have been terminated and all Indebtedness thereunder shall have been repaid in full.
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Existing Credit Arrangements. The Existing Credit Agreement and any existing credit facilities relating to the Xxxxxx.xxx Acquisition shall have been terminated, all Indebtedness thereunder shall have been paid in full and the Liens securing any such Indebtedness shall have been released and payoff letters shall have been delivered to the Administrative Agent and be in a form acceptable to the Administrative Agent.
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Related to Existing Credit Arrangements

  • Credit Arrangements Schedule 5.10 is a complete and correct list of all credit agreements, indentures, purchase agreements, guaranties, Capital Leases and other investments, agreements and arrangements presently in effect providing for or relating to extensions of credit (including agreements and arrangements for the issuance of letters of credit or for acceptance financing) in respect of which such Borrower or any of its Subsidiaries is in any manner directly or contingently obligated; and the maximum principal or face amounts of the credit in question, outstanding and which can be outstanding, are correctly stated, and all Liens of any nature given or agreed to be given as security therefor are correctly described or indicated in such Schedule.

  • Existing Credit Agreements The Existing Credit Agreements shall have been terminated and shall be of no further force and effect, and all amounts outstanding thereunder shall have been paid in full.

  • Existing Credit Agreement The Administrative Agent shall have received satisfactory evidence that the Existing Credit Agreement shall have been terminated and all amounts thereunder (other than contingent indemnification obligations for which no claim has been made) shall have been paid in full and (ii) satisfactory arrangements shall have been made for the termination of all Liens granted in connection therewith.

  • Existing Arrangements From and after the Effective Time, the Surviving Corporation will (and Parent will cause the Surviving Corporation to) honor all of the Employee Plans and compensation and severance arrangements in accordance with their terms as in effect immediately prior to the Effective Time. Notwithstanding the foregoing, nothing will prohibit the Surviving Corporation from in any way amending, modifying or terminating any such Employee Plans or compensation or severance arrangements in accordance with their terms or if otherwise required pursuant to applicable law.

  • 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.

  • Cash Management Arrangements Borrower shall cause all Rents to be transmitted directly by tenants of the Property into an Eligible Account (the “Clearing Account”) maintained by Borrower at a local bank selected by Borrower, which shall at all times be an Eligible Institution (the “Clearing Bank”) as more fully described in the Clearing Account Agreement. A form of tenant direction letter for such purpose is attached hereto as Schedule 1. Without in any way limiting the foregoing, all Rents received by Borrower or Manager shall be deposited into the Clearing Account within one (1) Business Day of receipt. Funds deposited into the Clearing Account shall be swept by the Clearing Bank on a daily basis into Borrower’s operating account at the Clearing Bank, unless a Cash Management Period is continuing, in which event such funds shall be swept on a daily basis into an Eligible Account at the Deposit Bank controlled by Lender (the “Deposit Account”) and applied and disbursed in accordance with this Agreement. Funds in the Deposit Account shall be invested at Lender’s discretion only in Permitted Investments. Lender will also establish subaccounts of the Deposit Account which shall at all times be Eligible Accounts (and may be ledger or book entry accounts and not actual accounts) (such subaccounts are referred to herein as “Subaccounts”). The Deposit Account and any Subaccount will be under the sole control and dominion of Lender, and Borrower shall have no right of withdrawal therefrom. Borrower shall pay for all expenses of opening and maintaining all of the above accounts.

  • Revolving Credit Agreement The Agent shall have received this Agreement duly executed and delivered by each of the Banks and the Company and each of the Banks shall have received a fully executed Committed Note and a fully executed Bid Note, if such Notes are requested by any Bank pursuant to Section 12.9.

  • Management Arrangements As of the date hereof, other than the Support Agreement and except as previously disclosed to the Company, none of Parent or Merger Sub, or their respective executive officers, directors or affiliates, has entered into any agreement, arrangement or understanding with any of the executive officers, directors or Affiliates of the Company that is currently in effect or would become effective in the future (upon the consummation of the Merger or otherwise) and that would be required to be disclosed under Item 1005(d) of Regulation M-A under the Exchange Act.

  • 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 Agreement Amendments The Credit Agreement is hereby amended as follows:

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