Prior Loan Agreement. Credit Extensions under the Prior Loan Agreement which are outstanding at the Effective Date shall be governed by the provisions of this Agreement.
Prior Loan Agreement. The undersigned agree and acknowledge that, except for provisions that expressly provide for their survival of termination, the Prior Loan Agreement is terminated, and all Commitments thereunder (as defined in the Prior Loan Agreement) are terminated, and the undersigned waive any right to receive any notice of such termination.
Prior Loan Agreement. The words “Prior Loan Agreement” means that certain Business Loan Agreement dated March 6, 2013, by and between the Existing Borrower and the Lender as it was amended from time to time prior to the date hereof.
Prior Loan Agreement. Agent, the Lenders and Borrower hereby agree that this Agreement amends, restates and supersedes all prior agreements, including without limitation, the Prior Loan Agreement, but in no way acts as a release or relinquishment of the liens and/or security interests securing payment of the indebtedness advanced pursuant to the Prior Loan Agreement and such liens and/or security interests (including, without limitation, those created by that certain Accounts Receivable and Inventory Security Agreement dated March 5, 1993 as most recently amended by Eighth Amendment to Amended and Restated Accounts Receivable and Inventory Security Agreement of even date herewith) are hereby renewed, extended, ratified, confirmed and carried forward by Borrower in all respects to secure the Notes and the Credit Facility.
Prior Loan Agreement. This Loan Agreement supersedes, replaces and restates in its entirety that certain Business Loan Agreement dated April 23, 2012 entered into between Borrower and Lender, together with all modifications thereto (the “Prior Loan Agreement”). The Prior Loan Agreement shall have no further force and effect.
Prior Loan Agreement. Lender and Borrower agree and acknowledge they may have entered into other loan or credit agreements dated or effective prior to the date hereof in the same capacity as under the Agreement and that all such prior loan or credit agreements are terminated and superseded by the Agreement.
Prior Loan Agreement. Borrower certifies that the representations and warranties made by Borrower in the Prior Loan Agreement are true and complete on and as of the date hereof, except to the extent that any such representations and warranties refer to a specific prior date.
Prior Loan Agreement. The Borrower shall remain in compliance with all of the covenants (including, without limitation, the affirmative covenants, negative covenants, and financial covenants) contained in the Prior Loan Agreement, as amended.
Prior Loan Agreement. Bank and Borrower hereby acknowledge and agree that there are no outstanding obligations due to Bank by Borrower with respect to the Prior Agreement, except as set forth on Schedule 2.7 attached hereto, which outstanding obligations shall be paid in full on the 2014 Effective Date.
Prior Loan Agreement. This Second Amended and Restated Revolving Credit Loan Agreement amends and restates the Prior Loan Agreement. The covenants, terms and provisions of this Agreement shall apply and shall govern the administration of the Loan and the making of Advances from and after the date of execution of this Agreement.
