Common use of Repayment of Prior Lender Obligations; Satisfaction of Outstanding L/Cs Clause in Contracts

Repayment of Prior Lender Obligations; Satisfaction of Outstanding L/Cs. (i) Agent and Lenders shall have received fully executed originals of pay-off letters reasonably satisfactory to Agent confirming that all of the Prior Lender Obligations will be repaid in full from the proceeds of the Additional Term Loan and all Liens upon any of the property of any of the Country Road Entities in favor of any Prior Lender shall be terminated by such Prior Lender immediately upon such payment; and (ii) all letters of credit, if any, issued or guaranteed by any Prior Lender shall have been cash collateralized.

Repayment of Prior Lender Obligations; Satisfaction of Outstanding L/Cs. (i) Agent and Lenders Lender shall have received a fully executed originals original of a pay-off letters reasonably letter satisfactory to Agent Lender confirming that all of the Prior Lender Obligations will be repaid in full from the proceeds of the Additional Term Loan initial Revolving Credit Advance and all Liens upon any of the property of Borrowers or any of the Country Road Entities their Subsidiaries in favor of any Prior Lender shall be terminated by such Prior Lender immediately upon such payment; and (ii) all letters of credit, if any, credit issued or guaranteed by any Prior Lender shall have been cash collateralized, as mutually agreed upon by Lender, Borrowers and Prior Lender.

Repayment of Prior Lender Obligations; Satisfaction of Outstanding L/Cs. (i) Agent and Lenders shall have received a fully executed originals original of a pay-off letters letter reasonably satisfactory to Agent confirming that all of the Prior Lender Obligations will be repaid in full from the proceeds of the Additional Closing Date Term Loan and all Liens upon any of the property of the Credit Parties or any of the Country Road Entities their Subsidiaries in favor of any Prior Lender shall be terminated by such Prior Lender immediately upon such payment; and (ii) all letters of credit, if any, credit issued or guaranteed by any Prior Lender shall have been cash collateralized.

Repayment of Prior Lender Obligations; Satisfaction of Outstanding L/Cs. (i) Agent and Lenders shall have received a fully executed originals original of a pay-off letters letter reasonably satisfactory to Agent confirming that all of the Prior Lender Obligations will be repaid in full from the proceeds of the Additional Term Loan and the initial Revolving Credit Advance and all Liens upon any of the property of Borrower or any of the Country Road Entities its Subsidiaries in favor of any Prior Lender shall be terminated by such Prior Lender immediately upon such payment; and (ii) all letters of credit, if any, issued or guaranteed by any Prior Lender shall have been cash collateralized.

Repayment of Prior Lender Obligations; Satisfaction of Outstanding L/Cs. (i) Agent and Lenders shall have received fully executed originals of pay-off letters reasonably satisfactory to Agent confirming that all of the Prior Lender Obligations will be repaid in full from the proceeds of the Additional Term Loan and all Liens upon any of the property of any of the Country Road Mid-Maine Entities in favor of any Prior Lender shall be terminated by such Prior Lender immediately upon such payment; and (ii) all letters of credit, if any, issued or guaranteed by any Prior Lender shall have been cash collateralized.