Common use of Renewal and Extension Clause in Contracts

Renewal and Extension. The Indebtedness arising under this Agreement is a renewal, extension and restatement on revised terms of (but not an extinguishment or novation of) the Prior Indebtedness and, from and after the date hereof, the terms and provisions of the Prior Credit Documents shall be superseded by the terms and provisions of this Agreement. Borrower hereby agrees that (i) the Prior Indebtedness, all accrued and unpaid interest thereon, and all accrued and unpaid fees under the Prior Credit Documents shall be deemed to be Indebtedness of Borrower outstanding under and governed by this Agreement and (ii) all Liens securing the Prior Indebtedness shall continue in full force and effect to secure the Secured Obligations.

Renewal and Extension. The Indebtedness arising under this Agreement is a renewal, extension and restatement on revised terms of (but not an extinguishment or novation of) the Prior Indebtedness Existing Credit Agreement and, from and after the date hereof, the terms and provisions of the Prior Existing Credit Documents Agreement shall be superseded by the terms and provisions of this Agreement. Borrower hereby agrees that (i) the Prior IndebtednessIndebtedness evidenced by the Existing Credit Agreement, all accrued and unpaid interest thereon, and all accrued and unpaid fees under the Prior Existing Credit Documents Agreement shall be deemed to be Indebtedness of Borrower outstanding under and governed by this Agreement and (ii) all Liens securing the Prior Indebtedness evidenced by the Existing Credit Agreement shall continue in full force and effect to secure the Secured Obligations.

Renewal and Extension. The Indebtedness arising under this Agreement is a renewal, extension and restatement on revised terms of (but not an extinguishment or novation of) the Prior Indebtedness Existing Credit Agreement and, from and after the date hereof, the terms and provisions of the Prior Existing Credit Documents Agreement shall be superseded by the terms and provisions of this Agreement. Borrower hereby agrees that (ia) the Prior IndebtednessIndebtedness evidenced by the Existing Credit Agreement, all accrued and unpaid interest thereon, and all accrued and unpaid fees under the Prior Existing Credit Documents Agreement shall be deemed to be Indebtedness of Borrower outstanding under and governed by this Agreement and (iib) all Liens securing the Prior Indebtedness evidenced by the Existing Credit Agreement shall continue in full force and effect to secure the Secured Obligations.