Refinancing of Existing Credit Agreement. (i) All obligations under the Existing Credit Agreement shall have been repaid in full, (ii) the Existing Credit Agreement and all Loan Documents (as defined therein) shall have been terminated on terms reasonably satisfactory to the Administrative Agent and (iii) the Administrative Agent shall have received a payoff letter duly executed and delivered by the respective borrower and agents thereunder or other evidence of such termination, in each case, in form and substance reasonably satisfactory to the Administrative Agent.
Refinancing of Existing Credit Agreement. All Existing Revolving Loans and all accrued and unpaid interest, fees, expenses and other obligations under the Existing Credit Agreement shall have been paid in full.
Refinancing of Existing Credit Agreement. On the Closing Date, Company and its Subsidiaries shall have (i) repaid in full all Indebtedness and other amounts outstanding under the Existing Credit Agreement (other than Existing Letters of Credit, which shall be subject to Section 2.11(j)) and (ii) terminated any commitments to lend or make other extensions of credit thereunder, in each case in accordance with the terms thereof.
Refinancing of Existing Credit Agreement. The Existing Credit Agreement shall have been refinanced, amended and restated pursuant to the Agreement.
Refinancing of Existing Credit Agreement. (i) All obligations under the Existing Credit Agreement shall have been repaid in full; provided, that letters of credit outstanding thereunder (which are not terminated and do not become Letters of Credit on the Closing Date) shall have been cash collateralized or supported by Letters of Credit to the extent permitted by this Agreement, (ii) the Existing Credit Agreement and all Loan Documents (as defined therein) shall have been terminated on terms satisfactory to the Administrative Agent and (iii) the Administrative Agent shall have received a payoff letter duly executed and delivered by the Borrower and the Existing Agent or other evidence of such termination in each case in form and substance satisfactory to the Administrative Agent.
Refinancing of Existing Credit Agreement. Borrower shall have ---------------------------------------- refinanced in full (or simultaneously with the initial Borrowing hereunder, Borrower shall refinance in full with proceeds of a Borrowing under this Agreement), (i) all Obligations accrued and outstanding under the Existing Credit Agreement as of the Closing Date, including, without limitation, the entire outstanding principal balance of the Loan made (and as defined) thereunder, (ii) all accrued but unpaid interest in connection therewith,
Refinancing of Existing Credit Agreement. Parent and its Subsidiaries shall have repaid in full all Indebtedness outstanding under the Existing Credit Agreement, together with all accrued but unpaid interest, fees and other amounts owing thereunder (other than contingent obligations not yet due and payable and Existing Letters of Credit rolled over on the Closing Date pursuant to the terms of this Agreement and other letters of credit issued thereunder that shall have been backstopped or cash collateralized in a manner reasonably satisfactory to the issuing bank therefor) and (i) all commitments to lend or make other extensions of credit thereunder shall have been terminated and (ii) all security interests and guarantees in respect of, and Liens securing, the Indebtedness and other obligations thereunder created pursuant to the security and guarantee documentation relating thereto shall have been terminated and released (or arrangements therefor reasonably satisfactory to the Agent shall have been made).
Refinancing of Existing Credit Agreement. Borrower shall have refinanced in full (or simultaneously with the initial Borrowing hereunder, Borrower shall refinance in full) with proceeds of a Borrowing under this Agreement, all Obligations accrued and outstanding under the Existing Credit Agreement as of the Closing Date, including, without limitation, (i) the entire outstanding principal balance of the Loans made thereunder, (ii) all accrued but unpaid interest, (iii) all accrued but unpaid commitment and other fees, and (iv) all amounts payable under SECTION 3.3 of the Existing Credit Agreement as a result of the prepayment of the other Obligations thereunder.
Refinancing of Existing Credit Agreement. Borrower shall have ---------------------------------------- refinanced in full (or simultaneously with the initial Borrowing hereunder, Borrower shall refinance in full) with proceeds of a Borrowing under this Agreement, all Obligations accrued and outstanding under the Existing Credit Agreement as of the Closing Date, including, without limitation, (i) the entire outstanding principal balance of the Loans made thereunder, (ii) all accrued but unpaid interest, (iii) all accrued but unpaid commitment and other fees, and (iv) all amounts payable under Section 3.3 of the Existing Credit Agreement as a ----------- result of the prepayment of the other Obligations thereunder.
Refinancing of Existing Credit Agreement. (a) On the Initial Borrowing Date and concurrently with the Credit Events then occurring, (i) the total commitments under the Existing Credit Agreement shall have been terminated, and all loans thereunder shall have been repaid in full, together with interest thereon, (ii) all other amounts owing pursuant to the Existing Credit Agreement shall have been repaid in full, (iii) the Existing Credit Agreement shall have been terminated and (iv) the Agent shall have received evidence in form, scope and substance satisfactory to it and the Required Banks that the matters set forth in this Section 5.12 have been satisfied on such date. On the Initial Borrowing Date and concurrently with the Credit Events then occurring, the creditors under the Existing Credit Agreement shall have terminated and released all security interests and Liens on the capital stock of MK Group or any of its Subsidiaries, or any other assets owned by MK Group or any of its Subsidiaries granted in connection with the Existing Credit Agreement. The Agent shall have received such releases of security interests in and Liens on the capital stock of MK Group or any of its Subsidiaries, or any other assets owned by MK Group and its Subsidiaries, as may have been requested by the Agent or the Required Banks, which releases shall be in form and substance satisfactory to the Agent and the Required Banks. Without limiting the foregoing, there shall have been delivered (w) proper termination statements (Form UCC-3 or the appropriate equivalent) for filing under the UCC of each jurisdiction where a financing statement (Form UCC-1 or the appropriate equivalent) was filed with respect to MK Group or any of its Subsidiaries in connection with the security interests created with respect to the Existing Credit Agreement and the documentation related thereto, (x) termination or reassignment of any security interest in, or Lien on, any patents, trademarks, copyrights, or similar interests of MK Group or any of its Subsidiaries on which filings have been made, (y) terminations of all mortgages, leasehold mortgages and deeds of trust created with respect to property of MK Group or any of its Subsidiaries, in each case, to secure the obligations under the Existing Credit Agreement, all of which shall be in form and substance satisfactory to the Agent and the Required Banks, and (z) all collateral owned by MK Group or any of its Subsidiaries in the possession of Bankers Trust Company, in its capacity as agent unde...
