Termination of Commitments Under Existing Credit Agreements Sample Clauses

Termination of Commitments Under Existing Credit Agreements. (a) The Borrowers and each of the Lenders that is also a “Bank” party to the Existing Credit Agreement (which Lenders constitute the “Required Banks” (as defined therein) under the Existing Credit Agreement) agree that the “Commitments” as defined in the Existing Credit Agreement shall be terminated in their entirety on the Initial Effective Date in accordance with the terms thereof. Each of such Lenders waives any requirement of notice of such termination of the Existing Credit Agreement.
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Termination of Commitments Under Existing Credit Agreements. Each of the signatories hereto that is also a party to an Existing Credit Agreement hereby agrees that, as of the Effective Date, all of the commitments to extend credit under each Existing Credit Agreement to which such signatory is a party will be terminated automatically, each such Existing Credit Agreement shall be terminated and of no further force or effect and any and all conditions precedent or required notice periods in connection with such termination are hereby waived and of no further force and effect.
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Termination of Commitments Under Existing Credit Agreements. The commitments of the lenders under the Existing Credit Agreements shall terminate on the Closing Date. Execution of this Agreement by Lenders who are parties to the Amended and Restated Credit Agreement dated as of May 7, 2002 (the "Existing 364-Day Credit Agreement") shall constitute a waiver of the notice provisions in Sections 2.5 and 2.6 the Existing 364-Credit Agreement. Execution by Lenders who are parties to the $400,000,000 Credit Agreement dated as of May 13, 1998 (the "Existing Multi-Year Credit Agreement") shall constitute a waiver of the notice provisions in Sections 2.8 and 2.9 of the Existing Multi-Year Credit Agreement.
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Termination of Commitments Under Existing Credit Agreements. Evidence that the commitments to lend under the $500,000,000 Revolving Credit Agreement dated as of October 31, 1995 among the Company, the banks party thereto, Bank of America National Trust and Savings Association, as Administrative Agent, NationsBank of Texas, National Association and Citibank, N.A., as co-agents, as amended and restated by the parties as of October 29, 1996 and under the $1,000,000,000 Revolving Credit Agreement dated as of October 31, 1995 among the Company, the banks party thereto, Bank of America National Trust and Savings Association, as Administrative Agent, NationsBank of Texas, National Association and Citibank, N.A., as co-agents, as amended and restated by the parties as of October 29, 1996 (collectively, the "Existing Credit Agreements") have been terminated and that all principal, ---------------------------- interest, fees and other amounts due thereunder (including under Section 3.02 of each Existing Credit Agreement) have been paid or arrangements satisfactory to the Agent have been made for the payment thereof as of the Closing Date; and
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Termination of Commitments Under Existing Credit Agreements. 7167 Section 9.14. No Fiduciary Duty 7268 Section 9.15. Survival 7268 COMMITMENT SCHEDULE PRICING SCHEDULE EXHIBIT A - Note EXHIBIT B - Opinion of Internal Counsel of the Borrower EXHIBIT C - Opinion of Special Counsel for the Borrower EXHIBIT D - Assignment and Assumption Agreement EXHIBIT E - Extension Agreement EXHIBIT F - Notice of Issuance EXHIBIT G - Approved Form of Letter of Credit EXHIBIT H - Form of Joinder EXHIBIT I - Progress Energy, Inc. Consent CREDIT AGREEMENT AGREEMENT dated as of November 18, 2011 (as amended by Amendment No. 1 and Consent, dated as of December 18, 2013 and Amendment No. 2 and Consent, dated as of January 30, 2015) among DUKE ENERGY CORPORATION, DUKE ENERGY CAROLINAS, LLC, DUKE ENERGY OHIO, INC., DUKE ENERGY INDIANA, INC., DUKE ENERGY KENTUCKY, INC., DUKE ENERGY PROGRESS, INC. (f/k/a PROGRESS ENERGY CAROLINAS, INC.) and DUKE ENERGY FLORIDA, INC. (f/k/a PROGRESS ENERGY FLORIDA, INC.) as Borrowers, the Lenders from time to time party hereto, XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, BANK OF AMERICA, N.A., JPMORGAN CHASE BANK, N.A. and THE ROYAL BANK OF SCOTLAND PLC, as Co-Syndication Agents, and BANK OF CHINA, NEW YORK BRANCH, BARCLAYS BANK PLC, CITIBANK, N.A., CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, JPMORGAN CHASE BANK, N.A., THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. and UBS SECURITIES LLC, as Co-Documentation Agents. The parties hereto agree as follows:
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Termination of Commitments Under Existing Credit Agreements. The commitments of the lenders under the Existing Giant Credit Agreement, and the commitments of the lenders under the Existing Western Credit Agreement shall terminate on the Closing Date. Execution of this Agreement by a Lender who is also a lender under the Existing Giant Credit Agreement shall constitute a waiver of the notice provisions in Section 2.05(a) of such credit agreement, and execution of this Agreement by a Lender who is also a lender under the Existing Western Credit Agreement shall constitute a waiver of the notice provisions in Section 2.06 of such credit agreement.
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Termination of Commitments Under Existing Credit Agreements. The commitments of the lenders and the letter of credit issuer under the Existing Credit Agreement shall terminate on the Closing Date. Execution of this Agreement by a Lender who is also a lender under the Existing Credit Agreement shall constitute a waiver of the notice provisions in Section 2.05 of the Existing Credit Agreement.
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Termination of Commitments Under Existing Credit Agreements. Each of the parties hereto that is a party to Vencor's Existing Credit Agreement, First Healthcare's Existing Credit Agreement, Nationwide's Existing Credit Agreement or Hillhaven Funding's Existing Liquidity Agreement agrees that the commitments of the banks thereunder shall terminate, without further action by any of the parties thereto, concurrently with the closing under this Agreement on the Closing Date. First Healthcare agrees to give timely notice of such termination to (or obtain a waiver of such notice from) each bank that is a party to First Healthcare's Existing Credit Agreement but not a party to this Agreement.
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Termination of Commitments Under Existing Credit Agreements 
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Related to Termination of Commitments Under Existing Credit Agreements

  • Termination of Existing Credit Agreements The Company and each of the Banks that is also a "Bank" party to the Existing Credit Agreements agrees that the "Commitments" as defined in the Existing Credit Agreements shall be terminated in their entirety on the Effective Date. Each of such Banks waives (a) any requirement of notice of such termination pursuant to Section 2.09 of the Existing Credit Agreements and (b) any claim to any facility fees or other fees under the Existing Credit Agreements for any day on or after the Effective Date. Each of the Company and the Borrower (i) represents and warrants that (x) after giving effect to the preceding sentences of this Section 10.07, the commitments under the Existing Credit Agreements will be terminated effective not later than the Effective Date, (y) no loans are, as of the date hereof, or will be, as of the Effective Date, outstanding under the Existing Credit Agreements and (ii) covenants that all accrued and unpaid facility fees and any other amounts due and payable under the Existing Credit Agreements shall have been paid on or prior to the Effective Date.

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

  • Termination of Existing Credit Facility The Administrative Agent shall have received satisfactory evidence that the Existing Credit Agreement shall have been terminated, all commitments thereunder shall have been terminated and all amounts owing thereunder shall have been paid in full (the “Refinancing”).

  • Amendments to Existing Credit Agreement Effective on (and subject to the occurrence of) the Effective Date, the Existing Credit Agreement is hereby amended in accordance with this Part II. Except as so amended, the Existing Credit Agreement shall continue in full force and effect.

  • Termination of Commitments Declare the Commitments terminated whereupon the Commitments shall be immediately terminated.

  • Termination and Reduction of Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

  • Termination and Reduction of Revolving Commitments (a) Unless previously terminated, the Revolving Commitments shall terminate on the Maturity Date.

  • Termination of Revolving Credit Facility The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

  • 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.

  • Amendments to the Existing Credit Agreement The Existing Credit Agreement is, effective as of the date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended as follows:

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