Common use of Existing Indebtedness Refinancing Clause in Contracts

Existing Indebtedness Refinancing. (x) The Existing Indebtedness Refinancing shall have been consummated prior to, or shall be consummated substantially concurrently with, the initial Borrowing under the Credit Facilities and, to the extent applicable, all security interests, commitments and guarantees relating thereto shall have been or shall be substantially concurrently terminated and released and (y) the Senior Notes shall have been issued, in each case, pursuant to documentation reasonably satisfactory to the Administrative Agent.

Existing Indebtedness Refinancing. (x) The Existing Indebtedness Refinancing shall have been consummated prior to, or shall be consummated substantially concurrently with, the initial Borrowing under the Credit Facilities and, to the extent applicable, and all security interests, commitments and guarantees relating thereto shall have been or shall be substantially concurrently terminated and released and (y) the Senior Notes shall have been issuedreleased, in each case, pursuant to documentation reasonably satisfactory to the Administrative Agent.

Existing Indebtedness Refinancing. (x) The Existing Indebtedness Refinancing shall have been consummated prior to, or shall be consummated substantially concurrently with, the initial Borrowing under the Credit Facilities and, to the extent applicable, all security interests, commitments and guarantees relating thereto shall have been or shall be substantially concurrently terminated and released and (y) the Senior Notes 118 shall have been issued, in each case, pursuant to documentation reasonably satisfactory to the Administrative Agent.