Common use of Prior Indebtedness Clause in Contracts

Prior Indebtedness. The Administrative Agent and the Lenders shall have received and be satisfied that all prior Debt, Liens and security in connection therewith, except for Permitted Debt and Permitted Liens, have been paid in full and terminated. (12)

Prior Indebtedness. The Administrative Agent and the Lenders shall have received and be satisfied that all prior DebtDebt of New Borrower, Liens and security in connection therewith, except for Permitted Debt and Permitted Liens, have been paid in full and terminated. (12k)