Common use of Termination of Existing Credit Agreement Clause in Contracts

Termination of Existing Credit Agreement. Delivery of evidence satisfactory to the Administrative Agent that: (a) the Existing Credit Agreement has been terminated, (b) all outstanding Obligations (as defined in the Existing Credit Agreement) have been paid in full and (c) all guarantees and security interests granted in connection with the Existing Credit Agreement have been terminated and released, or arrangements reasonably satisfactory to the Administrative Agent shall have been made for their termination and release substantially contemporaneously with the Closing Date.

Termination of Existing Credit Agreement. Delivery The Administrative Agent shall have received sufficient evidence indicating that contemporaneously with the execution and closing of evidence satisfactory this Agreement all obligations of the Borrower to the Administrative Agent that: (a) lenders and agents under the Existing Credit Agreement has been terminated, (b) all outstanding Obligations (as defined in the Existing Credit Agreement) shall have been paid in full (other than with respect to the letters of credit issued thereunder which, on the Closing Date, will constitute Letters of Credit issued hereunder) and (c) all guarantees and security interests granted in connection with the Existing Credit Agreement have been shall be terminated and released, or arrangements reasonably satisfactory to (excluding any obligations which expressly survive the Administrative Agent shall have been made for their termination and release substantially contemporaneously with repayment of the Closing Dateamounts owing under the Existing Credit Agreement).

Termination of Existing Credit Agreement. Delivery Receipt by the Administrative Agent of evidence reasonably satisfactory to the Administrative Agent that: that all obligations (a) other than contingent obligations surviving the Existing Credit Agreement has been terminated, (b) all outstanding Obligations (as defined in termination of the Existing Credit Agreement) have been paid in full and (c) all guarantees and security interests granted in connection with owing under the Existing Credit Agreement have been repaid in full, all commitments thereunder have been terminated and released, or arrangements reasonably satisfactory to the Administrative Agent shall all Liens (if any) in connection therewith have been made for their termination and release substantially contemporaneously with the Closing Datereleased.

Termination of Existing Credit Agreement. Delivery of Agent shall have received evidence satisfactory to the Administrative Agent that: (a) that the Existing Credit Agreement has been shall be simultaneously terminated, (b) all outstanding Obligations (as defined in the Existing Credit Agreement) have been amounts thereunder shall be simultaneously paid in full and (c) all guarantees arrangements satisfactory to Agent shall have been made for the termination of Liens and security interests granted in connection with the Existing Credit Agreement have been terminated and released, or arrangements reasonably satisfactory to the Administrative Agent shall have been made for their termination and release substantially contemporaneously with the Closing Datetherewith.

Termination of Existing Credit Agreement. Delivery of evidence satisfactory to the Administrative Agent that: (a) the Existing Credit Agreement has been terminated, (b) all outstanding Obligations (as defined in the Existing Credit Agreement) have been paid in full and (c) all guarantees and security interests granted in connection with the Existing Credit Agreement have been terminated and released, or arrangements reasonably satisfactory to the Administrative Agent shall have been made for their termination and release substantially contemporaneously with the Closing Date.. (i)

Termination of Existing Credit Agreement. Delivery of evidence satisfactory to the The Administrative Agent that: (a) shall have received satisfactory evidence that the Existing Credit Agreement has been terminated, (b) terminated and all outstanding Obligations (as defined in the Existing Credit Agreement) obligations thereunder have been paid in full and (c) all guarantees and security interests granted in connection with the Existing Credit Agreement have been terminated and released, or arrangements reasonably satisfactory to the Administrative Agent shall have been made for their termination and release substantially contemporaneously with the Closing Datedischarged.

Termination of Existing Credit Agreement. Delivery of evidence satisfactory to the The Administrative Agent that: shall have received reasonably satisfactory evidence (awhich shall include an appropriate payoff letter from Bank of America, N. A.) that the Existing Credit Agreement has been terminated, (b) shall terminate either before or simultaneously upon the effectiveness of this Agreement and that all outstanding Obligations (as defined in the Existing Credit Agreement) have been paid in full Liens thereunder shall be released and (c) all guarantees and security interests granted in connection with the Existing Credit Agreement have been terminated and released, be of no further force or arrangements reasonably satisfactory to the Administrative Agent shall have been made for their termination and release substantially contemporaneously with the Closing Dateeffect.

Termination of Existing Credit Agreement. Delivery of evidence satisfactory to the (i) The Administrative Agent that: (a) shall have received satisfactory evidence that the Existing Credit Agreement has shall have been terminated, (b) terminated and all outstanding Obligations (as defined in the Existing Credit Agreement) amounts thereunder shall have been paid in full and (c) all guarantees and security interests granted in connection with the Existing Credit Agreement have been terminated and released, or satisfactory arrangements reasonably satisfactory to the Administrative Agent shall have been made for their the termination and release substantially contemporaneously with the Closing Dateof all Liens granted in connection therewith.

Termination of Existing Credit Agreement. Delivery of The Administrative Agent shall have received evidence satisfactory to the Administrative Agent that: it that (ai) the Existing Credit Agreement has been shall be simultaneously terminated, (bii) all outstanding Obligations (as defined in the Existing Credit Agreement) have been amounts thereunder shall be simultaneously paid in full and full, (ciii) all guarantees letters of credit (other than any Existing Letter of Credit) and security interests granted other contingent obligations in connection with the Existing Credit Agreement shall have been terminated and released, or (iv) arrangements reasonably satisfactory to the Administrative Agent shall have been made for their the termination of Liens and release substantially contemporaneously with the Closing Datesecurity interests granted in connection therewith.

Termination of Existing Credit Agreement. Delivery of evidence satisfactory to the The Administrative Agent that: (a) shall have received satisfactory evidence that the Existing Credit Agreement has been terminated, terminated and cancelled and any and all indebtedness thereunder has been fully repaid (b) all outstanding Obligations (as defined in except to the Existing Credit extent being so repaid with the proceeds of the initial Loans under this Agreement) and any and all liens thereunder have been paid in full and (cor shall concurrently be, to the extent repaid with proceeds of initial Loans hereunder) all guarantees and security interests granted in connection with the Existing Credit Agreement have been terminated and released, or arrangements reasonably satisfactory to the Administrative Agent shall have been made for their termination and release substantially contemporaneously with the Closing Date.

Termination of Existing Credit Agreement. Delivery of evidence satisfactory to the Administrative Agent that: that (a) the Existing Credit Agreement has been terminated, (b) all outstanding Obligations (as defined in the Existing Credit Agreement) have been paid in full and (c) all guarantees guarantees, mortgages, deeds of trust and security interests granted in connection with the Existing Credit Agreement have been terminated and released, or arrangements reasonably satisfactory to the Administrative Agent shall have been made for their termination and release substantially contemporaneously with the Closing Date.