Same Indebtedness; Other References. 1.6.1 This Agreement and the other Loan Documents shall not be deemed to provide for or effect a novation or repayment and re-advance of any portion of the Existing Revolving Loans or the Existing Letters of Credit now outstanding, it being the intention of the Borrowers and the Lenders hereby that the Indebtedness owing under this Agreement be and hereby is the same Indebtedness as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof. Without limiting the generality of the foregoing, to the extent, if any, not paid prior to the effectiveness of this Agreement, all accrued interest and fees owing under and pursuant to the Existing Credit Agreement shall be due and payable in full on the date on which they would have been due and payable pursuant the Existing Credit Agreement. 1.6.2 Upon the effectiveness of this Agreement as provided in Section 7.1.1 [Deliveries] hereof, the Existing Credit Agreement shall be deemed to have been amended and restated in its entirety and superseded by this Agreement, and any references in any other Loan Document to the Existing Credit Agreement shall be deemed to refer to this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Stoneridge Inc), Credit Agreement (Stoneridge Inc)
Same Indebtedness; Other References. 1.6.1 (a) This Agreement and the other Loan Credit Documents shall not be deemed to provide for or effect a novation or repayment and re-advance of any portion of the Existing Revolving Loans or Indebtedness under the Existing Letters of Credit Agreement now outstanding, it being the intention of the Borrowers and the Lenders hereby that the Indebtedness owing under this Agreement be and hereby is the same Indebtedness as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof. Without limiting the generality of the foregoing, to the extent, if any, not paid prior to the effectiveness of this Agreement, all accrued interest and fees owing under and pursuant to the Existing Credit Agreement shall be due and payable in full on the date on which they would have been due and payable pursuant to the Existing Credit Agreement.
1.6.2 (b) Upon the effectiveness of this Agreement as provided in Section 7.1.1 [Deliveries] hereofAgreement, the Existing Credit Agreement shall be deemed to have been amended and restated in its entirety and superseded by this Agreement, and any references in any other Loan Credit Document to the Existing Credit Agreement shall be deemed to refer to this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Genlyte Group Inc), Credit Agreement (Genlyte Group Inc)
Same Indebtedness; Other References. 1.6.1 (a) This Agreement and the other Loan Documents shall not be deemed to provide for or effect a novation or repayment and re-advance of any portion of the Existing Revolving Loans, the Existing Tranche A Term Loans or the Existing Letters of Credit Delayed Draw Acquisition Loans now outstanding, it being the intention of the Borrowers Borrower and the Lenders hereby that the Indebtedness owing under this Agreement be and hereby is the same Indebtedness as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof. Without limiting the generality of the foregoing, to the extent, if any, not paid prior to the effectiveness of this Agreement, all accrued interest and fees owing under and pursuant to the Existing Credit Agreement shall be due and payable in full on the date on which they would have been due and payable pursuant the Existing Credit Agreement.
1.6.2 (b) Upon the effectiveness of this Agreement as provided in Section 7.1.1 [Deliveries] Sections 2.01 and 4.02 hereof, the Existing Credit Agreement shall be deemed to have been amended and restated in its entirety and superseded by this Agreement, and any references in any other Loan Document to the Existing Credit Agreement shall be deemed to refer to this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Argo Tech Corp)
Same Indebtedness; Other References. 1.6.1 (a) This Agreement and the other Loan Documents shall not be deemed to provide for or effect a novation or repayment and re-advance of any portion of the Existing Revolving Loans, the Existing Tranche A Term Loans or the Existing Letters of Credit Delayed Draw Acquisition Loans now outstanding, it being the intention of the Borrowers Borrower and the Lenders hereby that the Indebtedness owing under this Agreement be and hereby is the same Indebtedness as that owing under the Existing Credit Agreement immediately prior to the effectiveness hereof. Without limiting the generality of the foregoing, to the extent, if any, not paid prior to the effectiveness of this Agreement, all accrued interest and fees owing under and pursuant to the Existing Credit Agreement shall be due and payable in full on the date on which they would have been due and payable pursuant the Existing Credit Agreement.
1.6.2 (b) Upon the effectiveness of this Agreement as provided in Section 7.1.1 [Deliveries] Sections 2.01 and 4.02 hereof, the Existing Credit Agreement shall be deemed to have been amended and restated in its entirety and superseded superceded by this Agreement, and any references in any other Loan Document to the Existing Credit Agreement shall be deemed to refer to this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Argo Tech Corp)