Existing Loan Agreement Sample Clauses

Existing Loan Agreement. This Agreement amends and restates the Existing Loan Agreement in its entirety, provided that obligations of the Borrowers incurred under the Existing Loan Agreement, excluding the commitments of the Administrative Agent thereunder, which shall terminate as of the Closing Date of this Agreement, shall continue under this Agreement, and shall not in any circumstances be terminated, extinguished or discharged hereby (except pursuant to the terms of this Agreement) or thereby but shall hereafter be governed by the terms of this Agreement, and this Agreement shall not constitute a substitution or novation of such Obligations or any of the other rights, duties and obligations of the parties hereunder.

Existing Loan Agreement. Borrowers shall have terminated the Loan Agreement (and any documents executed in connection therewith (other than any document related to the IDRB Letter of Credit)), dated as of December 30, 2003, as amended, between Core Molding and KeyBank, which terminations shall be deemed to have occurred upon payment in full of all of the Indebtedness outstanding thereunder.

Existing Loan Agreement. There shall occur an Event of Default under (and as defined in) the Existing Loan Agreement.

Existing Loan Agreement. Loan Parties hereby acknowledge, confirm and agree that, immediately prior to giving effect to this Agreement, (a) the Existing Loan Agreement is in full force and effect as of the date hereof, and (b) the agreements and obligations of Loan Parties contained in the Existing Loan Agreement constitute the legal, valid and binding obligations of Loan Parties against them in accordance with their respective terms and Loan Parties have no valid defense to the enforcement of such obligations.

Existing Loan Agreement. 5 Facility...............................................................................5

Existing Loan Agreement. Each Borrower and Guarantor hereby acknowledges, confirms and agrees that: (a) the Existing Loan Agreement has been duly executed and delivered by Borrowers and Guarantors is in full force and effect as of July __, 2003, (b) the Guarantees, dated September 22, 2000, have been duly executed and delivered by each Guarantor party thereto and are in full force and effect as of July _, 2003, and (c) the agreements and obligations of Borrowers and Guarantors contained in the Existing Loan Agreement constitute the legal, valid and binding obligations of each such Borrower and Guarantor enforceable against it in accordance with their respective terms and Borrowers and Guarantors have no valid defense to the enforcement of such obligations.

Existing Loan Agreement. See the Recitals. Federal Securities Laws. See Section 7.2.

Existing Loan Agreement. Notwithstanding anything to the contrary in the Existing Loan Agreement or in any agreement, document or instrument evidencing the Additional Debt Financing, all of the term loans made under the Original Loan Agreement in the original principal amount of $75 million shall remain and be treated as pari passu for all purposes, including, without limitation, with respect to right and priority of payment and recourse to collateral. It shall be a breach of the Existing Loan Agreement if any party thereto shall take any action having the result that such pari passu treatment is not effective.

Existing Loan Agreement. On the Restatement Date, all Revolving Credit Loans shall have been converted to Base Rate Loans, all amounts owing under the Existing Loan Agreement to Prior Lenders which are not Lenders hereunder shall have been paid (including interest, fees and costs required by Section 3.2.5 of the Existing Loan Agreement), and Borrower shall have paid to Agent and the Lenders all interest, fees and costs (including those required by Section 3.2.5 of the Existing Loan Agreement) due under the Existing Loan Agreement and the Loan Documents.