Common use of Prior Credit Agreement Clause in Contracts

Prior Credit Agreement. (a) On the Effective Date, the “Commitments” as defined in the Prior 364-Day Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of the Prior 364-Day Credit Agreement (and Section 2.13 and Article 9 of the Prior 364-Day Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 364-Day Credit Agreement. (b) The Banks which are parties to the Prior 364-Day Credit Agreement, comprising the “Required Banks” as defined therein, hereby waive any requirement of notice of termination of the “Commitments” (as defined in the Prior 364-Day Credit Agreement) pursuant to Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section 3.01(f) and Section 3.02(a) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of the Prior 364-Day Credit Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Prior Credit Agreement. (a) On the Effective Date, the “Commitments” as defined in the Prior 3645-Day Year Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of the Prior 3645-Day Year Credit Agreement (and Section 2.13 and Article 9 of the Prior 3645-Day Year Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 3645-Day Year Credit Agreement. (b) The Banks which are parties to the Prior 3645-Day Year Credit Agreement, comprising the “Required Banks” as defined therein, hereby waive any requirement of notice of termination of the “Commitments” (as defined in the Prior 3645-Day Year Credit Agreement) pursuant to Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section 3.01(f) and Section 3.02(a) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of the Prior 3645-Day Year Credit Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Prior Credit Agreement. (a) On the Effective Date, the "Commitments" as defined in the Prior 364-Day Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of the Prior 364-Day Credit Agreement (and Section 2.13 and Article 9 of the Prior 364-Day Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 364-Day Credit Agreement. (b) The Banks which are parties to the Prior 364-Day Credit Agreement, comprising the "Required Banks" as defined therein, hereby waive any requirement of notice of termination of the "Commitments" (as defined in the Prior 364-Day Credit Agreement) pursuant to Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section 3.01(f3.01(g) and Section 3.02(a3.01(a) hereof; , provided that any such prepayment of Loans shall be subject to Section 2.14 of the Prior 364-Day Credit Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Prior Credit Agreement. (a) On the Effective Date, the “Commitments” as defined in the Prior 3643-Day Year Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14‎2.14, 7.05‎7.05, 7.06‎7.06, 8.03 ‎8.03 and 9.03 ‎9.03 of the Prior 3643-Day Year Credit Agreement (and Section ‎Section 2.13 and Article ‎Article 9 of the Prior 3643-Day Year Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 3643-Day Year Credit Agreement. (b) The Banks which are parties to the Prior 3643-Day Year Credit Agreement, comprising the “Required Banks” as defined therein, hereby waive any requirement of notice of termination of the “Commitments” (as defined in the (NY) 27011/233/CA/JPM.CA.doc Prior 3643-Day Year Credit Agreement) pursuant to Section ‎Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section ‎Section 3.01(f) and Section ‎Section 3.02(a) hereof; provided that any such prepayment of Loans shall be subject to Section ‎Section 2.14 of the Prior 3643-Day Year Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Prior Credit Agreement. (a) On the Effective Date, the “Commitments” as defined in the Prior 3643-Day Year Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of the Prior 3643-Day Year Credit Agreement (and Section 2.13 and Article 9 of the Prior 3643-Day Year Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 3643-Day Year Credit Agreement. (b) The Banks which are parties to the Prior 3643-Day Year Credit Agreement, comprising the “Required Banks” as defined therein, hereby waive any requirement of notice of termination of the “Commitments” (as defined in the Prior 3643-Day Year Credit Agreement) pursuant to Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section 3.01(f) and Section 3.02(a) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of the Prior 3643-Day Year Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Prior Credit Agreement. (a) On the Effective Date, the “Commitments” as defined in the Prior 3645-Day Year Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of the Prior 3645-Day Year Credit Agreement (and Section 2.13 and Article 9 of the Prior 3645-Day Year Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 3645-Day Year Credit Agreement. (b) The Banks which are parties to the Prior 3645-Day Year Credit Agreement, comprising the “Required Banks” as defined therein, hereby waive any requirement of notice of termination of the “Commitments” (as defined in the Prior 3645-Day Year Credit Agreement) pursuant to Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section 3.01(f3.01(f)3.01(f) and Section 3.02(a3.02(a)(i) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of the Prior 3645-Day Year Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Prior Credit Agreement. (a) On the Effective Date, the “Commitments” as defined in the Prior 3645-Day Year Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of the Prior 3645-Day Year Credit Agreement (and Section 2.13 and Article 9 of the Prior 3645-Day Year Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 3645-Day Year Credit Agreement. (ba) The Banks which are parties to the Prior 3645-Day Year Credit Agreement, comprising the “Required Banks” as defined therein, hereby waive any requirement of notice of termination of the “Commitments” (as defined in the Prior 3645-Day Year Credit Agreement) pursuant to Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section 3.01(f) and Section 3.02(a) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of the Prior 3645-Day Year Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Prior Credit Agreement. (a) On the Effective Date, the “Commitments” as defined in the Prior 364-Day Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of the Prior 364-Day Credit Agreement (and Section 2.13 and Article 9 of the Prior 364-Day Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 364-Day Credit Agreement. (b) The Banks which are parties to the Prior 364-Day Credit Agreement, comprising the “Required Banks” as defined therein, hereby waive any requirement of notice of termination of the “Commitments” (as defined in the Prior 364-Day Credit Agreement) pursuant to Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section 3.01(f3.01(g) and Section 3.02(a) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of the Prior 364-Day Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Prior Credit Agreement. (a) On the Effective Date, the “Commitments” as defined in the Prior 364-Day Credit Agreement shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of the Prior 364-Day Credit Agreement (and Section 2.13 and Article 9 of the Prior 364-Day Credit Agreement insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under the Prior 364-Day Credit Agreement. (ba) The Banks which are parties to the Prior 364-Day Credit Agreement, comprising the “Required Banks” as defined therein, hereby waive any requirement of notice of termination of the “Commitments” (as defined in the such Prior 364-Day Credit Agreement) pursuant to Section 2.10 thereof and of prepayment of loans thereunder to the extent necessary to give effect to Section 3.01(f3.01(g) and Section 3.02(a3.01(a) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of the Prior 364-Day Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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