Common use of Existing Credit Facilities Clause in Contracts

Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Sections 5.1. and 5.2. of this Agreement with respect to the first Credit Event hereunder on the Effective Date, this Agreement shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Revolver Agreement and the Existing Term Loan Agreement, and the Existing Revolver Agreement and the Existing Term Loan Agreement shall be superseded by this Agreement in all respects, in each case, on a prospective basis only.

Appears in 1 contract

Samples: Credit Agreement (First Potomac Realty Trust)

AutoNDA by SimpleDocs

Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Sections Section 5.1. and 5.2. of this Agreement with respect to the first Credit Event hereunder on the Effective Date., this Agreement shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Revolver Agreement and the Existing Term Loan AgreementCredit Facilities, and the Existing Revolver Agreement and the Existing Term Loan Agreement Credit Facilities shall be superseded by this Agreement in all respects, in each case, on a prospective basis only.

Appears in 1 contract

Samples: Credit Agreement (Parkway Properties Inc)

Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Sections 5.16.1. and 5.26.2. of this Agreement with respect to the first Credit Event hereunder on the Effective Date, this Agreement shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Revolver Agreement and the Existing Term Loan Credit Agreement, and the Existing Revolver Agreement and the Existing Term Loan Credit Agreement shall be superseded by this Agreement in all respects, in each case, respects on a prospective basis only.

Appears in 1 contract

Samples: Credit Agreement (National Storage Affiliates Trust)

AutoNDA by SimpleDocs

Existing Credit Facilities. Upon satisfaction of the conditions precedent set forth in Sections 5.1. and 5.2. of this Agreement with respect to the first Credit Event hereunder on the Effective DateAgreement, this Agreement shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Revolver Credit Agreement and the Existing Term Loan Agreement, and the Existing Revolver Credit Agreement and the Existing Term Loan Agreement shall be superseded by this Agreement in all respects, in each case, on a prospective basis only.

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties, L.P.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!