Repayment of Existing Loans. On the Closing Date, the Company shall have repaid in full all amounts outstanding under the Existing Credit Agreement, including accrued interest and fees not yet due, or have irrevocably directed the Agent to apply the initial proceeds of Loans hereunder toward such repayment in full; and
Repayment of Existing Loans. (a) The Existing Term A Loans of each Existing Term A Lender (including any Converting New Term A Lender) and the Existing Revolving Loans of each Existing Revolving Lender (including any Converting New Revolving Lender) shall, immediately upon the Effective Date, be deemed repaid in full (together with any unpaid fees and interest accrued thereon (including, with respect to Existing Term A Lenders and Existing Revolving Lenders that are not Converting New Term A Lenders and Converting New Revolving Lenders, as applicable, funding losses payable to pursuant to Section 3.05 of the Credit Agreement)) with the making of the Amended Term A Loans, Amended Term B Loans and the Amended Revolving Loans and other funds available to the Borrower.
(b) Each Existing Term A Lender and Existing Revolving Lender party hereto waives its right to compensation for losses, expenses or liabilities incurred by such Existing Term A Lender or Existing Revolving Lender to which it may otherwise be entitled pursuant to Section 3.05 of the Credit Agreement in respect of the transactions contemplated hereby as a result of its Loans being repaid on the Effective Date and not on the last date of the Interest Period applicable thereto.
Repayment of Existing Loans. (A) evidence satisfactory to the Administrative Agent that: all principal of and interest on the extensions of credits outstanding under, and all other amounts owing under, the Existing Credit Agreement shall have been (or shall be simultaneously) paid in full, or the Company shall have irrevocably directed the Administrative Agent to apply the proceeds from the initial Credit Extension hereunder toward such repayment in full, and that any commitments to extend credit under the Existing Credit Agreement shall have been (or shall be simultaneously) canceled or terminated and that all guarantees in respect of, and all Liens securing, such Indebtedness shall have been released (or arrangements for such release reasonably satisfactory to the Administrative Agent shall have been made); and
(B) an irrevocable written notice from the Company directing BofA to withdraw funds out of the account of the Company maintained with BofA into which proceeds from the 2001 Notes are to be deposited and pay to BofA, as administrative agent under the NATC Credit Agreement, such funds, and an irrevocable written instruction from the Company to the Administrative Agent directing the Administrative Agent to pay to BofA, as administrative agent under the NATC Credit Agreement, a portion of the initial Credit Extension to be made hereunder, such that such funds in such account together with such portion of such initial Credit Extension will payoff in full all the principal of and interest on the extensions of credit outstanding under, and all other amounts owing under, the NATC Credit Agreement;
Repayment of Existing Loans. The Borrower shall prepay the existing Refinancing Tranche A Term Loan interests and all Revolving Loans outstanding immediately prior to the effectiveness of this Amendment.
Repayment of Existing Loans. (a) Subject to Section 7.12(b), the Principal Stockholders and the Acquired Companies shall cause all Debt under the Existing Loans to be satisfied in full at or prior to Closing, including the principal balances and all accrued and unpaid interest thereon and other fees and costs related thereto. The Principal Stockholders shall provide to Sunrise at Closing evidence of such satisfaction and releases of all related Liens with respect to the Existing Loans. The Principal Stockholders and the Acquired Companies shall be entitled to satisfy all such Debt under the Existing Loans by directing Sunrise, in writing, to apply the appropriate portion of the amount attributable to such Debt that would otherwise have been included in the calculation of Merger Consideration (but that is excluded therefrom pursuant to Section 3.01(e)(i)) at Closing, and directing Sunrise to pay such amount directly to the Lenders in full satisfaction of such Debt. Any such payment of Debt by Sunrise to a Lender shall be made subject to and in accordance with a pay-off letter provided to Sunrise.
(b) On or prior to the Closing Date, Sunrise shall obtain security necessary to replace the letters of credit identified in Section 7.12(b) of the Disclosure Schedule.
Repayment of Existing Loans. For so long as Enterprise Ireland holds any Shares, the Company and the Shareholders covenant with and undertake to Enterprise Ireland that Existing Loans will not be repaid for a period of two years from the date of this Agreement.
Repayment of Existing Loans. Solely with respect to the initial extension of credit under this Agreement, all of the existing Indebtedness for borrowed money of NorthWestern Corporation under that certain Credit Agreement dated as of October 28, 2022 by and among NorthWestern Corporation, the lenders party thereto and Mizuho Bank, Ltd., as administrative agent, shall be repaid in full and all security interests related thereto shall be terminated on or prior to the Restructuring. Each borrowing of a Loan by and each issuance (or extension, or renewal) of a Letter of Credit (including an Auto-Extension Letter of Credit) on behalf of a Borrower hereunder shall constitute a representation and warranty by such Borrower as of the date of such extension of credit that the conditions contained in this Section 5.2 have been satisfied.
Repayment of Existing Loans. The Borrower shall have, contemporaneously with the effectiveness of this Agreement, repaid all Existing Revolving Loans and all Existing Add-on Term Loans, in each case together with all accrued and unpaid interest thereon, and paid all accrued and unpaid fees under the Existing Credit Agreement.
Repayment of Existing Loans. Borrowers shall, on the Closing Date, repay to Lender all indebtedness and other amounts owing to Lender by Borrowers under the Extension Agreement.
