Common use of Summary of Existing Loans Clause in Contracts

Summary of Existing Loans. The initial Advance under the New Facility shall be used to pay any Existing Loans held by the Exiting Lenders. Prior to the date the conditions precedent set forth in Article 5 of the Credit Agreement are satisfied (such date being the "Effective Date"), the Agent shall identify the Existing Loans payable by the Company under the Existing Agreements to each Exiting Lender and advise the Continuing Lenders of such amount. The aggregate outstanding balance of the Existing Loans held by the Exiting Lenders on the Effective Date shall be hereinafter referred to as the "Exiting Lender Pay-Off Amount".

Summary of Existing Loans. The initial Advance under the New Facility shall be used to pay any Existing Loans held by the Exiting Lenders. Prior to the date the conditions precedent set forth in Article 5 V of the Credit Agreement are satisfied (such date being the "Effective Date"), the Agent shall identify the Existing Loans payable by the Company under the Existing Agreements to each Exiting Lender and advise the Continuing Lenders of such amount. The aggregate outstanding balance of the Existing Loans held by the Exiting Lenders on the Effective Date shall be hereinafter referred to as the "Exiting Lender Pay-Off Amount".

Summary of Existing Loans. The initial Advance under the New Facility shall be used to pay any Existing Loans held by the Exiting Lenders. Prior to the date the conditions precedent set forth in Article 5 V of the Credit Agreement are satisfied (such date being the "“Effective Date"”), the Agent shall identify the Existing Loans payable by the Company under the Existing Agreements Agreement to each Exiting Lender and advise the Continuing Lenders of such amount. The aggregate outstanding balance of the Existing Loans held by the Exiting Lenders on the Effective Date shall be hereinafter referred to as the "“Exiting Lender Pay-Off Amount"”.