Common use of Existing Term Notes Clause in Contracts

Existing Term Notes. The Borrower's obligations under the Existing Term Notes shall continue in full force and effect in accordance with the terms thereof. Such notes shall be deemed amended to include this 1997 Revolving Credit Agreement within the definition of Obligations in such notes, it being understood that this 1997 Revolving Credit Agreement, rather than the 1996 Revolving Credit Agreement, shall be controlling with respect to defaults, covenants and all other relevant matters arising under the Existing Term Notes and the Notes executed and delivered in connection with this 1997 Revolving Credit Agreement. The Existing Term Notes shall continue to be secured by the security interest provided in the Security Agreement.

Appears in 1 contract

Samples: 1997 Revolving Credit Agreement (Data Transmission Network Corp)

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Existing Term Notes. The Borrower's obligations under the Existing Term Notes shall continue in full force and effect in accordance with the terms thereof. Such notes shall be deemed amended to include this 1997 Revolving Credit 1995 Restated Loan Agreement within the definition of Obligations in such notes, it being understood that this 1997 Revolving Credit 1995 Restated Loan Agreement, rather than the 1996 Revolving Credit Agreement1993 Restated Loan Agreement of November 8, 1993, shall be controlling with respect to defaults, covenants and all other relevant matters arising under the Existing Term Notes and the Notes executed and delivered in connection with this 1997 Revolving Credit 1995 Restated Loan Agreement. The Existing Term Notes shall continue to be secured by the security interest provided in the Security Agreement.

Appears in 1 contract

Samples: Loan Agreement (Data Transmission Network Corp)

Existing Term Notes. The Borrower's obligations under the Existing Term Notes shall continue in full force and effect in accordance with the terms thereof. Such notes shall be deemed amended to include this 1997 1996 Revolving Credit Agreement within the definition of Obligations in such notes, it being understood that this 1997 1996 Revolving Credit Agreement, rather than the 1996 Revolving Credit Agreement1995 Restated Loan Agreement dated as of June 29, 1995, or the 1993 Restated Loan Agreement dated as of November 8, 1993, shall be controlling with respect to defaults, covenants and all other relevant matters arising under the Existing Term Notes and the Notes executed and delivered in connection with this 1997 1996 Revolving Credit Agreement. The Existing Term Notes shall continue to be secured by the security interest provided in the Security Agreement.

Appears in 1 contract

Samples: 1996 Revolving Credit Agreement (Data Transmission Network Corp)

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Existing Term Notes. The Borrower's obligations under the Existing Term Notes shall continue in full force and effect in accordance with the terms thereof. Such notes shall be deemed amended to include this 1997 1998 Revolving Credit Agreement within the definition of Obligations in such notes, it being understood that this 1997 1998 Revolving Credit Agreement, rather than the 1996 1997 Revolving Credit Agreement, shall be controlling with respect to defaults, covenants and all other relevant matters arising under the Existing Term Notes and the Notes executed and delivered in connection with this 1997 1998 Revolving Credit Agreement. The Existing Term Notes shall continue to be secured by the security interest provided in the Security Agreement.

Appears in 1 contract

Samples: 1998 Revolving Credit Agreement (Data Transmission Network Corp)

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