Common use of Termination of Existing Credit Facility Clause in Contracts

Termination of Existing Credit Facility. The General Administrative Agent shall have received evidence satisfactory to the General Administrative Agent that the Existing Credit Facility shall be simultaneously terminated, all amounts thereunder shall be simultaneously paid in full and arrangements satisfactory to the General Administrative Agent shall have been made for the termination of Liens and security interests granted in connection therewith.

Appears in 2 contracts

Samples: Credit Agreement (Cott Corp /Cn/), Credit Agreement (Cott Corp /Cn/)

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Termination of Existing Credit Facility. The General Administrative Agent shall have received evidence satisfactory to the General Administrative Agent that the Existing Credit Facility Agreement (and related security documents) shall be simultaneously terminated, all amounts thereunder shall be simultaneously paid in full and arrangements satisfactory to the General Administrative Agent shall have been made for the termination of Liens and security interests granted in connection therewiththerewith (including without limitation the existing U.K. pledge agreement).

Appears in 1 contract

Samples: Credit Agreement (Panavision Inc)

Termination of Existing Credit Facility. The General Administrative Agent shall have received evidence satisfactory to the General Administrative Agent that the Existing Credit Facility shall be simultaneously terminated, all amounts thereunder shall be simultaneously paid in full and arrangements reasonably satisfactory to the General Administrative Agent shall have been made for the termination of Liens and security interests granted in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (K&f Industries Inc)

Termination of Existing Credit Facility. The General Administrative Agent shall have received evidence satisfactory to the General Administrative Agent Agents that (i) the Existing Credit Facility shall be simultaneously terminated, (ii) all amounts thereunder shall be simultaneously paid in full full, (iii) all letters of credit (other than any Existing Letter of Credit) and other contingent obligations in connection with the Existing Credit Facility shall have been terminated and arrangements satisfactory to the General Administrative Agent Agents shall have been made for the termination of Liens and security interests granted in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Cumulus Media Inc)

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Termination of Existing Credit Facility. The General Administrative Agent shall have received evidence satisfactory to the General Administrative Agent that the Existing Credit Facility shall be simultaneously terminated, all amounts thereunder shall be simultaneously paid in full (or cash collateralized in the case of the Existing Letters of Credit) and arrangements satisfactory to the General Administrative Agent shall have been made for the termination of Liens and security interests granted in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Capital Environmental Resource Inc)

Termination of Existing Credit Facility. The General Administrative Agent shall have received evidence satisfactory to the General Administrative Agent that the Existing Credit Facility shall be simultaneously terminated, all amounts thereunder shall be simultaneously paid in full and arrangements satisfactory to the General Administrative Agent shall have been made for the termination of Liens and security interests granted in connection therewith.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)

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