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. (a) On the Initial Borrowing Date, the total commitments under the Existing Credit Agreement shall have been terminated, and all loans and notes issued thereunder shall have been repaid in full, together with interest thereon, and all other amounts owing pursuant to the Existing Credit Agreement shall have been repaid in full and the Existing Credit Agreement shall have been terminated and be of no further force or effect except for indemnification obligations described therein which by their terms specifically survive the repayment of the loans thereunder. The Agent shall have received evidence in form, scope and substance reasonably satisfactory to it that the matters set forth in this Section 5.07(a) have been satisfied on such date.
(b) On the Initial Borrowing Date, the creditors under the Existing Credit Agreement shall have terminated and released all security interests and Liens on the assets owned or to be owned by the Borrower 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 assets owned or to be owned by the Borrower as may have been reasonably requested by the Agent, which releases shall be in form and substance reasonably satisfactory to the Agent. Without limiting the foregoing, there shall have been delivered (i) 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 the Borrower or any of its Subsidiaries, or their respective predecessors in interest, in connection with the security interests created with respect to the Existing Credit Agreement and the documentation related thereto, (ii) terminations or assignments of any security interest in, or Lien on, any patents, trademarks, copyrights, or similar interests of the Borrower or any of its Subsidiaries, on which filings have been made and (iii) terminations of all mortgages, leasehold mortgages and deeds of trust created with respect to property of the Borrower or any of its Subsidiaries, or their respective predecessors in interest, in each case to secure the obligations under the Existing Credit Agreement, all of which shall be in form and substance reasonably satisfactory to the 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. EXISTING LETTERS OF CREDIT. On the Closing Date, Company shall have repaid in full all amounts outstanding under the Existing Credit Agreement and shall have terminated any commitments to lend or make other extensions of credit thereunder. Company shall have delivered to Agent all termination statements, assignment documents, satisfactions and releases as to any financing statements, mortgages, deeds of trust and assignments which shall release all liens securing any and all indebtedness under the Existing Credit Agreement. Company shall have furnished to Agent copies of all Existing Letters of Credit and all amendments to such Existing Letters of Credit. Company shall have paid to the lenders with respect to such Existing Letters of Credit all fees and other amounts owing with respect thereto to but excluding the Closing Date.
Refinancing of Existing Credit Agreement. Prior to, or concurrently with, the making of the initial Advances hereunder, all outstanding obligations owing under the Existing Credit Agreement and the credit documents related thereto shall have been paid or refinanced in full, and the Administrative Agent shall have received a “pay-off” letter (or such other evidence) in form and substance reasonably satisfactory to the Administrative Agent with respect to all such Debt being refinanced with the initial Advances to be made hereunder.
Refinancing of Existing Credit Agreement. All outstanding Indebtedness under the Existing Credit Agreement shall have been repaid in full (which shall be with the proceeds of the initial Revolving Credit Loans hereunder) and the commitments thereunder shall have been terminated.
