Common use of Payoff Existing Debt/ Release of Liens Clause in Contracts

Payoff Existing Debt/ Release of Liens. Full payment and satisfaction of all debt of the Borrower and each of its Subsidiaries other than the Indebtedness permitted by Section 5.1 hereof, and the release and satisfaction of all Liens other than the Liens permitted by Section 5.2 hereof.

Appears in 3 contracts

Samples: Credit Agreement (United Western Bancorp Inc), Credit Agreement (Park National Corp /Oh/), Credit Agreement (Clarkston Financial Corp)

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Payoff Existing Debt/ Release of Liens. Full Evidence of the full payment and satisfaction of all debt of the Borrower and each of its Subsidiaries other than the Indebtedness permitted by Section 5.1 5.2 hereof, and the release and satisfaction of all Liens other than the Liens permitted by Section 5.2 5.3 hereof.;

Appears in 2 contracts

Samples: Credit Agreement (Wesbanco Inc), Credit Agreement (Wesbanco Inc)

Payoff Existing Debt/ Release of Liens. Full payment and satisfaction of all debt of the Borrower and each of its Subsidiaries other than the Indebtedness permitted by Section 5.1 hereof, and the release and satisfaction of all Liens other than the Liens permitted by Section 5.2 hereof., which may occur prior to or contemporaneously with the initial funding under Facility A.

Appears in 1 contract

Samples: Credit Agreement (Wesbanco Inc)

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Payoff Existing Debt/ Release of Liens. Full payment and satisfaction of all debt of the Borrower and each of its Subsidiaries other than the Indebtedness permitted by Section 5.1 5.2 hereof, and the release and satisfaction of all Liens other than the Liens permitted by Section 5.2 5.3 hereof.; and

Appears in 1 contract

Samples: Credit Agreement (First Busey Corp /Nv/)

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