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 owing in respect of, the Indebtedness (including any contingent or other amounts payable in respect of letters of credit) indicated on Schedule II (including, without limitations, all amounts outstanding under the Existing Credit Agreement) that is to be repaid on the Effective Date shall have been (or shall be simultaneously) paid in full, that any commitments to extend credit under the agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees in respect of, and all Liens securing, any such Indebtedness shall have been released (or arrangements for such release satisfactory to the Administrative Agent shall have been made).

Appears in 1 contract

Samples: Credit Agreement (Chart Industries Inc)

AutoNDA by SimpleDocs

Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts owing in respect of, the Indebtedness (including i) of Borrower or its Affiliates to Xxxxx Fargo (including, without limitation, any contingent or other amounts payable in respect of letters of credit), and (ii) indicated which is secured by any Liens on Schedule II (including, without limitations, all amounts outstanding under any portion of the Existing Credit Agreement) that is to be repaid on the Effective Date Loan Collateral shall have been (or shall be simultaneously) paid in full, that any commitments to extend credit under the agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees guarantees in respect of, and all Liens securing, any such Indebtedness shall have been released (or arrangements for such release satisfactory to the Administrative Agent Bank shall have been made).

Appears in 1 contract

Samples: Financing Agreement (OVERSTOCK.COM, Inc)

Repayment of Existing Indebtedness. Evidence that the principal ---------------------------------- of and interest on, and all other amounts owing in respect of, the Indebtedness (including any contingent or other amounts payable in respect of letters of credit) in respect of the Existing Credit Agreement and the Bridge Debt or indicated on Schedule II (including, without limitations, all amounts outstanding under the Existing Credit Agreement) that is to be repaid on the Effective Date shall have been (or shall be simultaneously) paid in full, that any commitments to extend credit under the agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees in respect of, and all Liens securing, any such Indebtedness shall have been released (or arrangements for such release satisfactory to the Administrative Agent shall have been made).

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts owing in respect of, the any Indebtedness (including any contingent or other amounts payable in respect of letters of credit) indicated on Schedule II (including, without limitations, all amounts outstanding under the Existing Credit Agreement) that is to be repaid on the Effective Closing Date shall have been (or shall be simultaneously) paid in full, that any commitments to extend credit under the any agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees in respect of, and all Liens securing, any such Indebtedness shall Credit Agreement ---------------- have been released (or arrangements for such release satisfactory to the Administrative Agent shall have been made).

Appears in 1 contract

Samples: Credit Agreement (Excelcom Inc)

Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts owing in respect of, the Indebtedness (including any contingent or other amounts payable in respect of letters of credit) indicated on Schedule II (including, without limitations, all amounts outstanding under the Existing Credit Agreement) that is to be repaid on the Effective Date shall have been (or shall be simultaneously) paid in full, that any commitments to extend credit under the agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees in respect of, and all Liens securing, any such Indebtedness shall have been released (or arrangements for such release reasonably satisfactory to the Administrative Agent Required Lenders shall have been made).

Appears in 1 contract

Samples: Credit Agreement (SCV Epi Vineyards Inc)

AutoNDA by SimpleDocs

Repayment of Existing Indebtedness. Evidence that the principal of ---------------------------------- and interest on, and all other amounts owing in respect of, the Indebtedness Existing Revolving Credit Agreement (including any contingent or other amounts payable in respect of letters of credit) indicated on Schedule II (including, without limitations, all amounts outstanding under the Existing Credit Agreement) that is to be repaid on the Effective Date shall have been (or shall be simultaneously) paid in fullfull on the Effective Date, that any commitments to extend credit under the agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees in respect of, and all Liens securing, any such Indebtedness shall have been released (or arrangements for such release satisfactory to the Administrative Agent Required Lenders shall have been made).

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Repayment of Existing Indebtedness. Evidence that the principal of and interest on, and all other amounts owing in respect of, the Indebtedness (including including, without CREDIT AGREEMENT limitation, any contingent or other amounts payable in respect of letters of credit) indicated on Schedule II (including, without limitations, all amounts outstanding under the Existing Credit Agreement) that is to be repaid on the Effective Date (including, without limitation, all Indebtedness under the Existing Credit Agreement) shall have been (or shall be simultaneously) paid in full, that any commitments to extend credit under the agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees in respect of, and all Liens securing, any such Indebtedness shall have been released (or arrangements for such release satisfactory to the Administrative Agent shall have been made).

Appears in 1 contract

Samples: Credit Agreement (Panavision Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!