Common use of Payment of Outstanding Indebtedness, etc Clause in Contracts

Payment of Outstanding Indebtedness, etc. The Administrative Agent and the Co-Lead Arrangers shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreements and any other Indebtedness not permitted by Section 9.4, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent and the Co-Lead Arrangers shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

Payment of Outstanding Indebtedness, etc. The Administrative Agent and the Co-Lead Arrangers shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreements Agreement and any other Indebtedness of the Borrower and its Subsidiaries and the Targets not permitted by Section 9.47.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, all related Guarantees shall be permanently terminated and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent and the Co-Lead Arrangers shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 UCC‑3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

Payment of Outstanding Indebtedness, etc. The Administrative Agent and the Co-Lead Arrangers shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreements Agreement and any other Indebtedness of the Borrower and its Subsidiaries not permitted by Section 9.4‎Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, all related Guarantees shall be permanently terminated and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent and the Co-Lead Arrangers shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 UCC‑3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

Payment of Outstanding Indebtedness, etc. The Administrative Agent and the Co-Lead Arrangers shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness outstanding under the Existing Credit Agreements Agreement, dated January 5, 2016 as amended, supplemented or otherwise modified, among the Borrower, the PAC REIT, the lenders from time to time party thereto, and any other KeyBank National Bank, as administrative agent, and all Indebtedness not permitted by Section 9.47.04, in each case, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent and the Co-Lead Arrangers shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 UCC‑3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.