Common use of Existing Liens; No Other Indebtedness Outstanding Clause in Contracts

Existing Liens; No Other Indebtedness Outstanding. All security interests attaching to any of the assets of Van xx Xxxx'x created to secure obligations under any Indebtedness shall have been terminated, and Company shall have delivered to Administrative Agent UCC-3 termination statements or assignments (or comparable forms) and any and all other instruments of release, satisfaction, assignment and/or reconveyance (or evidence of the filing thereof) as may be necessary or advisable to terminate all such security interests and all other security interests in the Collateral. Administrative Agent shall have received an Officers' Certificate of Company stating that, after giving effect to the Transaction, Loan Parties shall have no Indebtedness outstanding other than Indebtedness permitted under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc /De/)

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Existing Liens; No Other Indebtedness Outstanding. All security interests attaching to any of the assets of Van xx Xxxx'x the Xxxxxx Xxxxx Business created to secure obligations under any Indebtedness of P&G shall have been terminated, and Company shall have delivered to Administrative Agent UCC-3 termination statements or assignments (or comparable forms) and any and all other instruments of release, satisfaction, assignment and/or reconveyance (or evidence of the filing thereof) as may be necessary or advisable to terminate all such security interests and all other security interests in the Collateral. Administrative Agent shall have received an Officers' Certificate of Company stating that, after giving effect to the Transactiontransactions described in this subsection 4.1G, Loan Parties shall have no Indebtedness outstanding other than Indebtedness permitted under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

Existing Liens; No Other Indebtedness Outstanding. All security interests attaching to any of the assets of Van xx Xxxx'x created to secure obligations under any Indebtedness shall have been terminated, and Company shall have delivered to Administrative Agent UCC-3 termination statements or assignments (or comparable forms) and any and all other instruments of release, satisfaction, assignment and/or reconveyance (or evidence of the filing thereof) as may be necessary or advisable to terminate all such security interests and all other security interests in the Collateral. Administrative Agent shall have received an Officers' Certificate of Company stating that, after giving effect to the Transactiontransactions described in this subsection 4.1E, Loan Parties shall have no Indebtedness outstanding other than Indebtedness permitted under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Aurora Foods Inc /Md/)

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Existing Liens; No Other Indebtedness Outstanding. All security interests attaching to any of the assets of Van xx Xxxx'x the Business created to secure obligations under any Indebtedness of Seller shall have been terminated, and Company shall have delivered to Administrative Agent UCC-3 termination statements or assignments (or comparable forms) and any and all other instruments of release, satisfaction, assignment and/or reconveyance (or evidence of the filing thereof) as may be necessary or advisable to terminate all such security interests and all other security interests in the Collateral. Administrative Agent Agents shall have received an Officers' Certificate of Company stating that, after giving effect to the Transactiontransactions described in this subsection 4.1H, Loan Parties shall have no Indebtedness outstanding other than Indebtedness permitted under the Loan Documents and under the Subordinated Bridge Loan Documents.

Appears in 1 contract

Samples: Security Agreement (MBW Foods Inc)

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