Common use of PAYMENT OF CERTAIN OUTSTANDING INDEBTEDNESS Clause in Contracts

PAYMENT OF CERTAIN OUTSTANDING INDEBTEDNESS. Agent shall have received evidence satisfactory to Agent that all existing Borrowed Money Indebtedness owing by any Obligors (other than Indebtedness permitted under Section 8.1 hereof) shall have been paid in full (or will be paid in full out of the initial advance hereunder) and that any credit availability under any facility for Borrowed Money Indebtedness to which any Obligor is a party as the borrower (other than Indebtedness permitted under Section 8.1 hereof) shall have been terminated.

PAYMENT OF CERTAIN OUTSTANDING INDEBTEDNESS. Agent shall have received evidence satisfactory to Agent that all existing Borrowed Money Indebtedness owing by any Obligors (other than Indebtedness permitted under Section SECTION 8.1 hereof) shall have been paid in full (or will be paid in full out of the initial advance hereunder) and that any credit availability under any facility for Borrowed Money Indebtedness to which any Obligor is a party as the borrower (other than Indebtedness permitted under Section SECTION 8.1 hereof) shall have been terminated.

PAYMENT OF CERTAIN OUTSTANDING INDEBTEDNESS. Agent shall have received evidence satisfactory to Agent that all existing Borrowed Money Indebtedness owing by any Obligors (other than Indebtedness permitted under Section SECTION 8.1 hereof) shall have been paid in full (or will be paid in full out of the initial advance hereunder) and that any credit availability under any facility for Borrowed Money Indebtedness to which any Obligor is are a party as the borrower (other than Indebtedness permitted under Section 8.1 hereof) shall have been terminated.