Common use of Matters Relating to Existing Indebtedness of Company and Its Subsidiaries Clause in Contracts

Matters Relating to Existing Indebtedness of Company and Its Subsidiaries. On the Closing Date, Company and its Subsidiaries shall have (i) repaid in full all Indebtedness under the Existing Credit Agreement, (ii) terminated any commitments to lend or make other extensions of credit thereunder and (iii) delivered to Administrative Agent all documents or instruments necessary to release all Liens securing Indebtedness or other obligations of Company and its Subsidiaries thereunder.

Appears in 4 contracts

Samples: Credit Agreement (Ferroglobe PLC), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Globe Specialty Metals Inc)

AutoNDA by SimpleDocs

Matters Relating to Existing Indebtedness of Company and Its Subsidiaries. On the Closing Date, Company and its Subsidiaries shall have (ia) repaid in full all Indebtedness under in respect of the Existing Credit AgreementPrior Reimbursement Obligations, (ii) terminated any commitments to lend or make other extensions of credit thereunder and (iiib) delivered to Administrative Agent all documents or instruments necessary to release all Liens securing Indebtedness or other obligations of Company and its Subsidiaries thereunderin connection therewith, and (d) made arrangements satisfactory to Administrative Agent with respect to the cancellation of the Prior Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

AutoNDA by SimpleDocs

Matters Relating to Existing Indebtedness of Company and Its Subsidiaries. On the Closing Date, Company and its Subsidiaries shall have (i) repaid in full all Indebtedness under the Existing Credit Agreement, and (ii) terminated any commitments to lend or make other extensions of credit thereunder and (iii) delivered to Administrative Agent all documents or instruments necessary to release all Liens securing Indebtedness or other obligations of Company and its Subsidiaries thereunder.

Appears in 1 contract

Samples: Loan Agreement (Hexcel Corp /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!