Common use of Termination of Existing Agreement Clause in Contracts

Termination of Existing Agreement. The Lenders which are parties to the Existing Agreement hereby waive the notice requirement set forth in the Existing Agreement for terminating the commitments under the Existing Agreement and agree that the Existing Agreement shall be terminated on the Closing Date (except for any provisions thereof which by their terms survive termination thereof).

Appears in 5 contracts

Samples: Year Revolving Credit Agreement (Visa Inc.), Day Revolving Credit Agreement (Visa Inc.), Assignment and Assumption (Visa Inc.)

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Termination of Existing Agreement. The Lenders which are parties to the Existing Agreement hereby waive the notice requirement set forth (and which constitute “Required Lenders” under and as defined in the Existing Agreement Agreement) hereby waive any advance notice requirement for terminating the commitments under the Existing Agreement Agreement, and the Company and the applicable Lenders agree that the Existing Agreement and the commitments thereunder shall be terminated on the Closing Effective Date hereof (except for any provisions thereof which by their terms survive termination thereof).

Appears in 2 contracts

Samples: Credit Agreement (Johnson Controls Inc), Credit Agreement (Johnson Controls Inc)

Termination of Existing Agreement. The Lenders which that are parties to the Existing Agreement hereby waive the notice requirement set forth (and which constitute “Majority Lenders” under and as defined in the Existing Agreement Agreement) hereby waive any requirement for terminating notice of the commitments termination of 67 the “Commitments” under and as defined in the Existing Agreement and agree that the Existing Agreement shall be terminated automatically terminate on the Closing Effective Date (except for any provisions thereof which provision of the Existing Agreement that by their its terms survive survives termination thereof).

Appears in 1 contract

Samples: Revolving Credit Agreement (Cna Financial Corp)

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Termination of Existing Agreement. The Lenders which are parties to the Existing Agreement hereby waive the notice requirement set forth in the Existing Agreement for terminating the commitments under the Existing Agreement and agree agree, to the extent that they are not so terminated in accordance with their terms, that the Existing Agreement shall be terminated on the Closing Date (except for any provisions thereof which by their terms survive termination thereof).

Appears in 1 contract

Samples: Assignment and Assumption (Visa Inc.)

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