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

Payment of Outstanding Indebtedness, etc. All Indebtedness identified in Item 7.2.2(b) ("Indebtedness to be Paid") of the Disclosure Schedule, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full (including, to the extent necessary, from proceeds of the initial Credit Extension); and all Liens securing payment of any such Indebtedness have been released and the Arrangers shall have received all UCC Form UCC-3 termination statements or other instruments as may be suitable or appropriate in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

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Payment of Outstanding Indebtedness, etc. All Indebtedness identified in Item 7.2.2(b) ("Indebtedness to be Paid") of the Disclosure Schedule, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full (including, to from the extent necessary, from proceeds of the initial Credit Extension); Extension and the commitments in respect of such Indebtedness shall have been terminated, and all Liens securing payment of any such Indebtedness have been released and the Arrangers Administrative Agent shall have received all UCC Uniform Commercial Code Form UCC-3 termination statements or other instruments as may be suitable or appropriate in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (KSL Recreation Group Inc)

Payment of Outstanding Indebtedness, etc. All Indebtedness identified in Item 7.2.2(b8.2.2(b) ("Indebtedness to be Paid") of the Disclosure Schedule, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full (including, to the extent necessary, from proceeds of the initial Credit ExtensionExtensions); and all Liens securing payment of any such Indebtedness have been released and the Arrangers Administrative Agent shall have received all UCC Uniform Commercial Code Form UCC-3 termination statements or other instruments as may be suitable or appropriate in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Budget Group Inc)

Payment of Outstanding Indebtedness, etc. All Indebtedness identified in Item 7.2.2(b) ("Indebtedness to be Paid") of the Disclosure Schedule, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been be paid in full (including, to from the extent necessary, from proceeds of the initial Credit Extension); Extension and all the commitments in respect of such Indebtedness shall be terminated, and any Liens securing payment of any such Indebtedness have been shall be released and the Arrangers Collateral Agent shall have received receive all UCC Uniform Commercial Code Form UCC-3 termination statements or other instruments as may be suitable or appropriate in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (3055854 Nova Scotia Co)

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Payment of Outstanding Indebtedness, etc. All Indebtedness identified in Item 7.2.2(b) ("Indebtedness to be Paid") of the Disclosure Schedule, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full (including, to from the extent necessary, from proceeds of the initial Credit Extension); Extension and the commitments in respect of such Indebtedness shall have been terminated, and all Liens securing payment of any such Indebtedness have been released and the Arrangers Administrative Agent shall have received all UCC Uniform Commercial Code Form UCC-3 termination statements or other instruments as may be suitable or appropriate in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (United Surgical Partners International Inc)

Payment of Outstanding Indebtedness, etc. All Indebtedness identified in Item 7.2.2(b) ("Indebtedness to be Paid") of the Disclosure Schedule, together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full (including, to the extent necessary, from proceeds of the initial Credit ExtensionBorrowing); and all Liens securing payment of any such Indebtedness have been released and the Arrangers Agent shall have received all UCC Uniform Commercial Code Form UCC-3 termination statements or other instruments as may be suitable or appropriate in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Microsemi Corp)

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