Common use of Existing Facilities Clause in Contracts

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of Borrower, stating that Borrower or its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities concurrently with the effectiveness of the Combined Credit Agreements.

Appears in 2 contracts

Samples: Credit Agreement (Apache Corp), 364 Day Credit Agreement (Apache Corp)

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Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that Borrower TBRL or its Subsidiaries the Parent have repaid in full and terminated the Existing Global Credit Facilities concurrently contemporaneously with the effectiveness of initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 2 contracts

Samples: Credit Agreement (Brown Tom Inc /De), Revolving Credit Agreement (Brown Tom Inc /De)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that the Borrower or its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities concurrently contemporaneously with the effectiveness of initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 2 contracts

Samples: u.s. Revolving Credit Agreement (Brown Tom Inc /De), Credit Agreement (Brown Tom Inc /De)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of the Borrower, stating that Borrower the Parent or its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities concurrently contemporaneously with the effectiveness of initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent have been made for recording and filing such releases.

Appears in 2 contracts

Samples: Credit Agreement (Brown Tom Inc /De), Canadian Revolving Credit Agreement (Brown Tom Inc /De)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of Borrower, stating that Borrower or its Subsidiaries have repaid are repaying in full and terminated the Existing Global Target Credit Facilities concurrently Facility contemporaneously with the effectiveness funding of the initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Target Credit Facility are being released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent has been made for recording and filing of such releases.

Appears in 1 contract

Samples: Credit Agreement (Forest Oil Corp)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of Borrower, stating that either (i) Borrower or its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities concurrently with the effectiveness of the Combined Credit Agreements or (ii) the Existing Global Credit Facilities have been terminated in full prior to the effectiveness of the Combined Credit Agreements.

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

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Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of Borrower, stating that Borrower or its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities concurrently contemporaneously with the effectiveness of initial Combined Loans under the Combined Credit Agreements. The Global Administrative Agent shall have received evidence satisfactory to it that all Liens associated with the Existing Credit Facilities have been released or terminated contemporaneously with the making of such payments and that arrangements satisfactory to the Global Administrative Agent has been made for recording and filing of such releases.

Appears in 1 contract

Samples: Credit Agreement (Forest Oil Corp)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of Borrower, stating that Borrower or its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities concurrently with the effectiveness of initial Combined Loans under the Combined Credit Agreements.

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

Existing Facilities. The Global Administrative Agent shall have received a certificate, signed by an Authorized Officer of Borrower, stating that either (i) Borrower or its Subsidiaries have repaid in full and terminated the Existing Global Credit Facilities concurrently with the effectiveness of the Combined Credit Agreements or (ii) the Existing Credit Facilities have been terminated in full prior to the effectiveness of the Combined Credit Agreements.

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

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