Termination of Existing Debt. Receipt by the Administrative Agent of evidence that prior to or concurrently with the Closing Date: (i) each of the Term Loan A-1 under the Existing Credit Agreement and the Term Loan A-2 under the Existing Credit Agreement (in each case, as defined therein) is being terminated and paid in full and (ii) the revolving commitments under the XX XX/KeyBank Credit Agreement are being terminated and all amounts owing with respect thereto are paid in full and the Term Loan A-1 under the XX XX/KeyBank Credit Agreement (as defined therein) is being terminated and paid in full.
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Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)
Termination of Existing Debt. Receipt by the Administrative Agent of evidence that prior to or concurrently with the Closing Date: (i) each of the Term Loan A-1 under the Existing Credit BAML Agreement and the Term Loan A-2 under the Existing Credit BAML Agreement (in each case, as defined therein) is being terminated and paid in full and (ii) the revolving commitments under the XX XX/KeyBank Credit Agreement are being terminated and all amounts owing with respect thereto are paid in full and the Term Loan A-1 under the XX XX/KeyBank Credit Agreement (as defined therein) is being terminated and paid in full.
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