Common use of Interrelationship with the Existing Credit Agreement Clause in Contracts

Interrelationship with the Existing Credit Agreement. As stated in the recitals to this Agreement, this Agreement is intended to amend and restate the provisions of the Existing Credit Agreement and, notwithstanding the issuance of the Notes on the Closing Date, (a) all of the terms and provisions of the Existing Credit Agreement shall continue to apply for the period prior to the Closing Date, including any determination of the interest periods, payment dates, interest rates, Events of Default or any amount that may be payable to the Banks or the Agents, and (b) the "Obligations" under the Existing Credit Agreement shall continue to be paid or repaid on or prior to the Closing Date in accordance with the terms thereof, and shall from and after the Closing Date be paid or repaid in accordance with the terms of this Agreement. All references in the Loan Documents to the Existing Credit Agreement, as it may be amended from time to time, shall be deemed to include references to this Agreement. All "Loans" under the Existing Credit Agreement shall constitute comparable "Loans" under this Agreement. Borrower hereby acknowledges that no Bank is currently in default of its obligations under the Existing Credit Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Equity Office Properties Trust), Revolving Credit Agreement (Eop Operating LTD Partnership)

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Interrelationship with the Existing Credit Agreement. As stated in the recitals to this Agreement, this Agreement is intended to amend and restate the provisions of the Existing Credit Agreement as of the Effective Date and, notwithstanding the issuance of the Notes on the Closing Date, (a) all of the terms and provisions of the Existing Credit Agreement shall continue to apply for the period prior to the Closing Effective Date, including any determination of the interest periods, payment dates, interest rates, Events of Default or any amount that may be payable to the Banks or the Agents, and (b) the "Obligations" under the Existing Credit Agreement shall continue to be paid or repaid on or prior to the Closing Effective Date in accordance with the terms thereof, and shall from and after the Closing Effective Date be paid or repaid in accordance with the terms of this Agreement. All references in the Loan Documents to the Existing Credit Agreement, as it may be amended from time to time, shall from and after the Effective Date be deemed to include references to this Agreement. All "Loans" under the Existing Credit Agreement shall constitute comparable "Loans" under this Agreement. Borrower hereby acknowledges that no Bank is currently in default of its obligations under the Existing Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Equity Office Properties Trust)

Interrelationship with the Existing Credit Agreement. (a) As stated in the recitals to this Agreementpreamble hereof, this Agreement is intended to amend and restate the provisions of the Existing Credit Agreement and, notwithstanding the issuance of the Notes on the Closing Dateexcept as expressly modified herein, (ax) all of the terms and provisions of the Existing Credit Agreement shall continue to apply for the period prior to the Closing Effective Date, including any determination determinations of the interest periods, payment dates, interest rates, Events of Default or any amount that may be payable to the Banks Administrative Agent or the AgentsLenders, and (by) the "Obligations" Obligations under the Existing Credit Agreement shall continue to be paid or repaid prepaid on or prior to the Closing Effective Date in accordance with the terms thereofExisting Credit Agreement, and shall from and after the Closing Effective Date continue to be paid or repaid in accordance with owing and be subject to the terms of this Agreement. All references in the Loan Documents to the Existing Credit Agreement, as it may be amended from time to time, Agreement and (z) this Agreement shall not be deemed to include references to this Agreement. All "Loans" evidence or result in a novation or repayment of the Loans and reborrowing hereunder, but obligations under the Existing Credit Agreement and Liens securing payment and performance thereof shall constitute comparable "Loans" in all respects be continuing as Obligations under this Agreement. Borrower hereby acknowledges that no Bank is currently in default of its obligations under the Existing Credit AgreementAgreement and Liens securing payment and performance thereof.

Appears in 1 contract

Samples: Credit Agreement (Cadmus Communications Corp/New)

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Interrelationship with the Existing Credit Agreement. As stated in the recitals to this Agreementpreamble hereof, this Agreement is intended to amend and restate the provisions of the Existing Credit Agreement and, notwithstanding the issuance of the Notes on the Closing Dateexcept as expressly modified herein, (ax) all of the terms and provisions of the Existing Credit Agreement shall continue to apply for the period prior to the Closing Datedate of this Agreement, including any determination determinations of the interest periods, payment dates, interest rates, Events of Default or any amount that may be payable to the Banks Agent or the AgentsLenders, and (by) the "Obligations" Obligations under the Existing Credit Agreement shall continue to be paid or repaid prepaid on or prior to the Closing Date date hereof in accordance with the terms thereofExisting Credit Agreement, and shall from and after the Closing Date date hereof continue to be paid or repaid in accordance with owing and be subject to the terms of this Agreement. All references in the Loan Documents to the Existing Credit Agreement, as it may be amended from time to time, Agreement and (z) this Agreement shall not be deemed to include references to this Agreement. All "Loans" evidence or result in a novation or repayment of the Loans and reborrowing hereunder, but obligations under the Existing Credit Agreement shall constitute comparable "Loans" in all respects be continuing as Obligations under this Agreement. Borrower hereby acknowledges that no Bank is currently in default of its obligations under the Existing Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Black Amber Florida, Inc.)

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