Restatement of the Original Credit Agreement Sample Clauses

Restatement of the Original Credit Agreement. Subject to the satisfaction (or waiver by each Lender) of the conditions precedent set forth in Section 6 hereof, on the Restatement Date: (a) the Original Credit Agreement will be amended and restated in its entirety in the form of the “Amended and Restated Credit Agreement” attached as Annex I hereto, (b) Subject to Section 11.01 of the Amended Credit Agreement, the schedules attached hereto will replace in their entirety the corresponding schedules attached to the Original Credit Agreement (including, without limitation, Schedule 2.01 hereto which sets forth the USD Revolving Facility Commitments, the Multicurrency Revolving Facility Commitments, the Term A-1 Loan Commitments, the Term A-2 Loan Commitments, the USD Letter of Credit Commitments and the Multicurrency Letter of Credit Commitments), (c) the Exhibits attached hereto will replace in their entirety the corresponding Exhibits attached to the Original Credit Agreement (or, to the extent there is no corresponding Exhibit attached to the Original Credit Agreement, constitute new Exhibits to the Amended Credit Agreement), and (d) the schedules attached within Annex II hereto will replace in their entirety the corresponding schedules attached to the Security Agreement.
Sample 1
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Restatement of the Original Credit Agreement. With effect from the Effective Date the Original Credit Agreement shall be amended and restated so that it shall be read and construed for all purposes as set out in Schedule 2 (Restated Agreement.)
Sample 1
Restatement of the Original Credit Agreement. The parties hereto desire to restate the Original Credit Agreement in its entirety to reflect the terms set forth in the form of the “Amended and Restated Credit Agreement” attached as Annex I hereto to, among other things, (a) refinance and replace all term loans, revolving credit commitments and revolving credit loans outstanding under the Original Credit Agreement and pay all accrued interest (regardless of whether then due or payable), fees and other amounts, in each case outstanding under the Original Credit Agreement, with (i) a U.S. Dollar revolving credit facility in an aggregate principal amount of $100,000,000, (ii) a multicurrency revolving credit facility in an aggregate principal amount of the U.S. Dollar equivalent of $150,000,000, (iii) a term loan A-1 facility in an aggregate principal amount of $230,000,000, and (iv) a term loan A-2 facility in an aggregate principal amount of $450,000,000, in each case, as set forth in and incurred pursuant to the Amended Credit Agreement, and (b) make certain other amendments to the Original Credit Agreement in connection therewith; and
Sample 1
Restatement of the Original Credit Agreement. The parties hereto agree that, on the Closing Date, the following transactions shall be deemed to occur automatically, without further action by any party hereto: (a) the Original Credit Agreement shall be deemed to be amended and restated in its entirety in the form of this Agreement; (b) all Obligations under and as defined in the Original Credit Agreement (the “Existing Obligations”) outstanding on the Closing Date shall in all respects be continuing and shall be deemed to be Obligations outstanding hereunder; and (c) all references in the other Loan Documents to the Original Credit Agreement shall be deemed to refer to this Agreement. The parties acknowledge and agree that this Agreement and the other applicable Loan Documents do not constitute a novation, payment and reborrowing or termination of the Existing Obligations and that all such Existing Obligations are in all respects continued and outstanding as Obligations under this Agreement.
Sample 1

Related to Restatement of the Original Credit Agreement

  • Amendments to Original Credit Agreement On the Effective Date, the Original Credit Agreement shall be amended as follows: (a) Section 1.02 of the Original Credit Agreement shall be amended by adding the following definitions in appropriate alphabetical order:

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: (a) The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:

  • Amendment and Restatement of the Existing Credit Agreement The parties to this Agreement agree that, upon (i) the execution and delivery by each of the parties hereto of this Agreement and (ii) satisfaction of the conditions set forth in Section 3.01, the terms and provisions of the Existing Credit Agreement shall be and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Agreement. This Agreement is not intended to and shall not constitute a novation. All loans made and obligations incurred under the Existing Credit Agreement which are outstanding on the Effective Date shall continue as Obligations under (and shall be governed by the terms of) this Agreement and the other Loan Documents. Without limiting the foregoing, upon the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit Agreement) to the “Agent”, the “Credit Agreement” and the “Loan Documents” shall be deemed to refer to the Agent, this Agreement and the Loan Documents, (b) all obligations constituting “Obligations” with any Lender or any Affiliate of any Lender which are outstanding on the Effective Date shall continue as Obligations under this Agreement and the other Loan Documents, (c) the Agent shall make such reallocations, sales, assignments or other relevant actions in respect of each Lender’s credit and loan exposure under the Existing Credit Agreement as are necessary in order that each such Lender’s outstanding Revolving Credit Advances hereunder reflect such Lender’s Pro Rata Share of the outstanding aggregate Revolving Credit Advances on the Effective Date, (d) the Existing Revolving Credit Advances (as defined in Section 2.01) of each Departing Lender shall be repaid in full (accompanied by any accrued and unpaid interest and fees thereon), each Departing Lender’s “Commitment” under the Existing Credit Agreement shall be terminated and each Departing Lender shall not be a Lender hereunder, and (e) the Borrower hereby agrees to compensate each Lender (including each Departing Lender) for any and all losses, costs and expenses incurred by such Lender in connection with the sale and assignment of any Eurodollar Rate Advances (including the “Eurodollar Rate Advances” under the Existing Credit Agreement) and such reallocation described above, in each case on the terms and in the manner set forth in Section 8.04(c) hereof.

  • Amendments to Credit Agreement (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order:

  • to Credit Agreement COLLATERAL REPORTS Borrower shall deliver or cause to be delivered the following:

  • Existing Credit Agreement Upon satisfaction of the conditions precedent set forth in Sections 5.1. and 5.2. of this Agreement, this Agreement and the other Loan Documents shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing Credit Agreement, and the Existing Credit Agreement shall be superseded in all respects, in each case, on a prospective basis only.

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

  • Amendment of Credit Agreement (a) Effective as of the First Incremental Term Facility Amendment Effective Date, the Credit Agreement is hereby amended as follows: (i) The following definitions are hereby added in the appropriate alphabetical order to Section 1.01:

  • Credit Agreement Amendments As of the Effective Date, a. Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions:

  • 01 of the Credit Agreement Section 1.01 of the Credit Agreement is hereby amended as follows:

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