Original Credit Agreement Superseded Sample Clauses

Original Credit Agreement Superseded. This Credit Agreement shall on the Closing Date amend and restate the Original Credit Agreement in its entirety, except as provided in this ss.28. On the Closing Date, the rights and obligations of the parties evidenced by the Original Credit Agreement shall be evidenced by the Credit Agreement and the other Loan Documents, the "Revolving Credit Loans" as defined in the Original Credit Agreement shall be converted to Revolving Credit Loans as defined herein and all outstanding letters of credit issued by the Agent for the account of the Company prior to the Closing Date shall, for purposes of this Credit Agreement, be Letters of Credit for the account of the Company.
AutoNDA by SimpleDocs
Original Credit Agreement Superseded. As and to the extent set forth in Section 11.2(g), on and after the Closing Date, the Original Credit Agreement is superseded by this Agreement, which hereby renews, amends, restates and modifies, but does not novate or extinguish, the obligations under the Original Credit Agreement.
Original Credit Agreement Superseded. On the Restatement Date, this Agreement shall supersede the Original Credit Agreement in its entirety, except as provided in this Section 10.20. On the Restatement Date, (a) the rights and obligations of the parties evidenced by the Original Credit Agreement shall be evidenced by this Agreement and the other Loan Documents and (b) the Original Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Restatement Date shall be deemed to be Letters of Credit subject to and governed by the terms and conditions hereof.
Original Credit Agreement Superseded. This Credit Agreement shall on the Closing Date amend and restate the Original Credit Agreement in its entirety, except as provided in this Section 30. On the Closing Date, the rights and obligations of the parties evidenced by the Original Credit Agreement shall be evidenced by the Credit Agreement and the other Loan Documents, as defined herein, and the Loans as defined in the Original Credit Agreement, collectively, shall be converted to the Loans as defined herein.
Original Credit Agreement Superseded. On the Closing Date, this Agreement shall supersede the Original Credit Agreement in its entirety, except as provided in this Section. On the Closing Date, the rights and obligations of the parties hereto evidenced by the Original Credit Agreement shall be evidenced by this Agreement and the other Loan Documents, the "Loans" as defined in the Original Credit Agreement shall be converted to Loans as defined herein and the Existing Letters of Credit issued by Lender (as defined in the Original Credit Agreement) for the account of Borrower prior to the Closing Date shall be deemed to be Letters of Credit under this Agreement, and shall bear interest and be subject to such other fees as set forth in this Agreement.
Original Credit Agreement Superseded. This Credit Agreement shall, on the Closing Date, supersede the Original Credit Agreement in its entirety, except as expressly provided in this §17. On the Closing Date, the rights and obligations of the parties evidenced by the Original Credit Agreement shall be evidenced by this Credit Agreement and the other Loan Documents, the “Revolving Credit Loans” as defined in the Original Credit Agreement shall be converted to Revolving Credit Loans as defined herein, and all outstanding letters of credit issued by the Agent for the account of the Borrower prior to the Closing Date shall, for purposes of this Credit Agreement, be Letters of Credit hereunder.
Original Credit Agreement Superseded. This Credit Agreement shall on the Closing Date supersede the Original Credit Agreement in its entirety, except as provided in this ss.28. On the Closing Date, the rights and obligations of the parties evidenced by the Original Credit Agreement shall be evidenced by the Credit Agreement and the other Loan Documents, the "Loans" as defined in the Original Credit Agreement shall be converted to Loans as defined herein, and all outstanding letters of credit issued by the Agent for the account of the Borrower prior to the Closing Date shall, for the purposes of this Credit Agreement, be Stand Alone Letters of Credit.
AutoNDA by SimpleDocs
Original Credit Agreement Superseded. This Agreement shall supersede the Original Credit Agreement in its entirety, except as provided in this Section 12.28. On the Restatement Date, the rights and obligations of the parties under the Original Credit Agreement and the “Notes” defined therein shall be subsumed within and be governed by this Agreement and the Notes; provided however, that any of the “Obligations” (as defined in the Original Credit Agreement) outstanding under the Original Credit Agreement shall, for purposes of this Agreement, be Obligations hereunder. The Lenders' interests in such Obligations, and participations in such Letters of Credit, if any, shall be reallocated on the Restatement Date in accordance with each Lender's applicable Applicable Percentage
Original Credit Agreement Superseded. This Credit Agreement ------------------------------------ shall on the Closing Date amend and restate the Original Credit Agreement in its entirety, except as provided in this (S)31. On the Closing Date, the rights and obligations of the parties evidenced by the Original Credit Agreement shall be evidenced by the Credit Agreement and the other Loan Documents, the "Revolving Credit Loans" as defined in the Original Credit Agreement shall be converted to Revolving Credit Loans as defined herein, "Term Loan A" as defined in the Original Credit Agreement shall be converted to a portion of the Term Loan A as defined herein, "Term Loan B" as defined in the Original Credit Agreement shall be converted to a portion of the Term Loan B as defined herein, and all outstanding letters of credit issued by the Agent for the account of the Borrower prior to the Closing Date shall, for purposes of this Credit Agreement, be Letters of Credit.
Original Credit Agreement Superseded. This Credit Agreement shall on the Closing Date supersede the Original Credit Agreement in its entirety, except as provided in this ss.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!