Prior Credit Agreements. (a) On the Effective Date, the "Commitments" as defined in each of the Prior Credit Agreements shall terminate, without further action by any party thereto, except that Sections 2.14, 7.05, 7.06, 8.03 and 9.03 of each of the Prior Credit Agreements (and Section 2.13 and Article 9 of each of the Prior Credit Agreements insofar as they relate to such foregoing Sections) shall survive such termination and any related payment of amounts owed under each of the Prior Credit Agreements.
(b) The Banks which are parties to each Prior Credit Agreement, comprising the "Required Banks" as defined therein, hereby waive any requirement of notice of termination of the "Commitments" (as defined in such Prior 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(g) and Section 3.01(a) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of such Prior Credit Agreement.
Prior Credit Agreements. The Company will not directly or indirectly apply any part of the proceeds of any extension of credit made pursuant to this Agreement to purchase or to carry Margin Stock or to refinance any loan incurred for such purpose or to any transaction prohibited by the Foreign Trade Regulations or by other laws or regulations applicable to any of the Lenders.
Prior Credit Agreements. (b) The Banks which are parties to each Prior Credit Agreement, comprising the "Required Banks" as defined therein, hereby waive any requirement of notice of termination of the "Commitments" (as defined in such Prior 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(g) and Section 3.01(a) hereof; provided that any such prepayment of Loans shall be subject to Section 2.14 of such Prior Credit Agreement.
Prior Credit Agreements. Receipt by the Administrative Agent of evidence that (i) the Prior Credit Agreements and all documents executed or delivered in connection with the Prior Credit Agreements have been terminated, and (ii) all amounts owing in connection with the Prior Credit Agreements have been paid in full on the Effective Date and all liens granted in connection therewith have been or are agreed to be released upon such repayment in full.
Prior Credit Agreements. Receipt by the Administrative Agent of evidence that: (i) (A) the Credit Agreement, dated as of February 3, 1998, among Davel, NationsBank, N.A., as administrative agent, SunTrust Bank, Tampa Bay, as documentation agent, LaSalle National Bank, as co-agent and the lenders party thereto and (B) the Fourth Amended and Restated Loan and Security Agreement, dated as of July 10, 1995, among Peoples, Bank Austria Creditanstalt Corporate Finance, Inc., the assignee of Creditanstalt- Bankverein, as agent and -62- the lenders party thereto (as amended or modified from time to time, collectively the "Prior Credit Agreements"), and all documents executed or delivered in connection with the Prior Credit Agreements, have been terminated, and (ii) all amounts owing in connection with the Prior Credit Agreements have been paid in full on the Effective Date and all liens granted in connection therewith have been or are agreed to be released upon such repayment in full.
Prior Credit Agreements. Borrower and Guarantors acknowledge, with respect to the amounts owing to Bank under any prior credit agreement, including, but not limited to, those Loan Agreements, dated December 27, 1993, July 20, 1994 and August 10, 1994, and those Amendments to Loan Agreement, dated June 15, 1994, July 15, 1994, June 7, 1995 and June 21, 1995 that neither Borrower nor Guarantors have any offset, defense, or counterclaim with respect thereto, no claim or defense in abatement or reduction thereof, nor any other claim against Bank or with respect to any
Prior Credit Agreements
