Common use of Existing Target Credit Facility Clause in Contracts

Existing Target Credit Facility. Within 30 days after the Closing Date (or such later date as the Administrative Agent may agree in its discretion), the Existing Target Credit Facility shall be repaid, all commitments to extend credit thereunder shall be terminated, all Liens or other security interests securing such Indebtedness shall be terminated and released by the lenders thereunder, and the Administrative Agent shall receive evidence thereof and, after giving effect to the Target Transactions, the Target shall have no outstanding Indebtedness outstanding.