Termination of Existing Facility. (i) The Administrative Agent shall have received satisfactory evidence that the Existing Facility shall have been terminated and all amounts thereunder shall have been paid in full (the “Refinancing”) and (ii) satisfactory arrangements shall have been made for the termination of all Liens granted in connection therewith.
Termination of Existing Facility. Evidence satisfactory to the Administrative Agent confirming that if any principal, interest, fees, costs or other amounts are outstanding under the Existing Facility, all such amounts have been paid in full by the Closing Date or that the Revolving Loans borrowed by the Borrower on the Closing Date will be used to repay such outstanding amounts, and that the Existing Facility shall thereby terminate on the Closing Date;
Termination of Existing Facility. (a) An appropriate termination agreement, dated as of the date hereof (the “Termination Agreement”), shall be executed and such Termination Agreement will, among other things, (i) terminate the Existing Credit Agreement, Existing Subsidiary Guaranty and Existing Contribution Agreement and (ii) require the repayment of all Loans and L/C Obligations under the Existing Facility, together with accrued interest and any fees due at the termination of the Commitments under the Existing Facility. The Administrative Agent under the Existing Facility acknowledges, on behalf of the parties to the Credit Documents under the Existing Facility, that Loans (as defined in this Agreement) drawn under this Agreement may be used simultaneously to repay obligations under the Existing Facility. The “Existing Facility” means the Credit Documents as defined in the Existing Credit Agreement, and the rights and obligations thereunder. Unless otherwise provided above, for purposes of this Section 2.08(a) only, the terms “Loans,” “L/C Obligations,” “Commitments,” “Administrative Agent,” and “Credit Documents,” have the meanings ascribed to such terms in the Existing Facility.
Termination of Existing Facility. The Administrative Agent shall have received evidence satisfactory to it that the credit facilities evidenced by the Credit Agreement, dated as of December 30, 2020, among the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended prior to the Closing Date, the “Existing Credit Agreement”), have been terminated and cancelled and any and all obligations thereunder shall have been fully repaid (except with respect to any Existing Letters of Credit or to the extent being so repaid with the proceeds of the initial Revolving Loans) and any and all Liens thereunder and guarantees in respect thereof have been terminated and released (or arrangements for such release and termination satisfactory to the Administrative Agent shall have been made).
Termination of Existing Facility. The Borrower shall have satisfied and terminated the credit facility evidenced by that certain Amended and Restated Unsecured Credit Agreement dated as of June 9, 2005 with Bank of Montreal as the administrative agent, as amended to date.
Termination of Existing Facility. Each Lender that is a party to the Existing Financing hereby acknowledges the termination of the Existing Facility and waives any requirement of minimum notice of such termination.
Termination of Existing Facility. Borrower hereby agrees that the initial Advance hereunder shall include an amount sufficient to repay in full all of the outstanding amounts owing under that certain existing credit facility (the "Existing Facility") in the maximum principal amount of $75,000,000 from The First National Bank of Boston, as agent for the lenders thereunder, to Borrower (as same may be amended or supplemented from time to time) and that all such outstanding amounts shall be repaid to, and all of the collateral securing the Existing Facility shall be released by, The First National Bank of Boston simultaneously with such initial Advance.
Termination of Existing Facility. Borrower hereby agrees that the initial Advance hereunder shall include an amount sufficient to repay in full all of the outstanding amounts owing under that certain existing credit facility (the "Existing Facility") from Bank of America National Trust and Savings Association, as agent for the lenders thereunder, to Borrower (as same may be amended or supplemented from time to time) and that all such outstanding amounts shall be repaid simultaneously with such initial Advance.
Termination of Existing Facility. The Borrower hereby agrees that effective as of the Closing Date the Existing Facility is terminated.
Termination of Existing Facility. Evidence that GAINSCO's existing revolving credit facility with Lender has been terminated.
