Common use of Repayment of Existing Indebtedness Clause in Contracts

Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts then due and payable (other than contingent amounts for which a claim has not been made) in respect of the Indebtedness under the Prior Credit Agreement shall have been (or shall be substantially concurrently) paid in full, that any commitments to extend credit thereunder shall have been canceled or terminated and that all Guarantees in respect of such Indebtedness shall have been released.

Appears in 3 contracts

Samples: Credit Agreement (WestRock Co), Credit Agreement (WestRock Co), Credit Agreement (WestRock Co)

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Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts then due and owing in respect of, the Indebtedness (including any contingent or other amounts payable (other than contingent amounts for which a claim has not been made) in respect of the Indebtedness letters of credit) outstanding under the Prior Existing Credit Agreement shall have been (or shall be substantially concurrentlysimultaneously) paid in full, that any commitments to extend credit thereunder under the Existing Credit Agreement shall have been canceled or terminated and that all Guarantees in respect of of, and all Liens securing, any such Indebtedness shall have been releasedreleased (or arrangements for such release satisfactory to the Required Lenders shall have been made).

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Krispy Kreme Doughnuts Inc), Credit Agreement (Krispy Kreme Doughnuts Inc)

Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts then due and owing in respect of, the Indebtedness (including, without limitation, any contingent or other amounts payable (other than contingent amounts for which a claim has not been made) in respect of letters of credit) outstanding in connection with the Indebtedness under the Prior Existing Credit Agreement shall have been (or shall be substantially concurrentlysimultaneously) paid in full, that any commitments to extend credit thereunder shall have been canceled under the agreements or terminated and that all Guarantees in respect of instruments relating to such Indebtedness shall have been releasedcancelled or terminated.

Appears in 1 contract

Samples: Term and Revolving Credit Agreement (Commercial Federal Corp)

Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts then due and owing in respect of, all Indebtedness (including any contingent or other amounts payable (other than contingent amounts for which a claim has not been made) in respect of the Indebtedness letters of credit) outstanding under the Prior Existing Credit Agreement shall have been (or shall be substantially concurrentlysimultaneously) paid in full, that any commitments to extend credit thereunder shall have been canceled or terminated and that all Guarantees guarantees in respect of of, and all Liens securing, such Indebtedness shall have been releasedreleased (or arrangements for such release satisfactory to the Administrative Agent shall have been made).

Appears in 1 contract

Samples: Credit Agreement (Nextel Partners Inc)

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Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts then due and payable (other than contingent amounts for which a claim has not been made) owing in respect of of, the Indebtedness (excluding undrawn letters of credit that are deemed to be Letters of Credit hereunder) under the Prior Existing Credit Agreement shall have been (or shall be substantially concurrentlysimultaneously) paid in full, that any commitments to extend credit thereunder shall have been canceled or terminated and that all Guarantees in respect of such Indebtedness shall have been released.

Appears in 1 contract

Samples: Credit Agreement (Wayne Farms, Inc.)

Repayment of Existing Indebtedness. Evidence (which may consist of confirmation from the agent for the lenders under the Existing Credit Agreement) that the principal of and interest on, and all other amounts then due and payable (other than contingent amounts for which a claim has not been made) owing in respect of of, the Indebtedness outstanding under the Prior Existing Credit Agreement shall have been (or shall be substantially concurrentlysimultaneously) paid in full, that any commitments to extend credit thereunder under the Existing Credit Agreement shall have been canceled or terminated and that all Guarantees in respect of such Indebtedness shall have been releasedterminated.

Appears in 1 contract

Samples: Credit Agreement (Intelsat LTD)

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