Termination of Credit Facilities and Liens. Unless prior to or concurrently with the making of the initial Loan all outstanding credit facilities of the Company (other than this Agreement) shall have been terminated and any Liens on the assets of the Company in connection with such credit facilities shall have been released and terminated, and the Lender shall have received signed payoff letters issued by the creditors under such credit facilities or other evidence satisfactory to the Lender of such termination and release.
Appears in 4 contracts
Samples: Credit Agreement (Strattec Security Corp), Credit Agreement (Strattec Security Corp), Credit Agreement (Strattec Security Corp)
