Common use of Loans Under Existing Credit Agreement Clause in Contracts

Loans Under Existing Credit Agreement. On the Effective Date, all loans outstanding under the Existing Credit Agreement shall be deemed to be Revolving Loans made by each of the Banks under this Restated Credit Agreement, and all accrued unpaid interest thereon shall begin to accrue interest at the rates set forth in this Restated Credit Agreement.

Loans Under Existing Credit Agreement. On the Effective Date, all loans outstanding under the Existing Credit Agreement shall be deemed to be Revolving Loans made by each of the Banks Lender under this Restated Credit Agreement, and all accrued unpaid interest thereon shall begin to accrue interest at the rates set forth in this Restated Credit Agreement and all letters of credit issued by the issuing lender under the Existing Credit Agreement shall be deemed to be Letters of Credit issued by the Issuing Lender under this Restated Credit Agreement.