Termination of Existing Indebtedness. Evidence that (i) all existing Indebtedness not otherwise permitted by Section 7.07 have been or concurrently with the Closing Date are being terminated, and all outstanding amounts thereunder have been paid in full and (ii) all Liens securing such Indebtedness have been or concurrently with the Closing Date are being released;
Appears in 3 contracts
Samples: Loan Agreement (American Electric Technologies Inc), Loan Agreement (Internet America Inc), Security Agreement (Micropac Industries Inc)
Termination of Existing Indebtedness. Evidence that (i) all existing Indebtedness not otherwise permitted by Section 7.07 have 7.05 has been or concurrently with the Closing Date are is being terminated, and all outstanding amounts thereunder have been paid or concurrently with the Closing Date are being paid in full and (ii) all Liens securing such Indebtedness have been or concurrently with the Closing Date are being released;
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement (Del Frisco's Restaurant Group, Inc.), Loan Agreement (Del Frisco's Restaurant Group, Inc.)
Termination of Existing Indebtedness. Evidence that (i) all existing Indebtedness not otherwise permitted by Section 7.07 7.05 have been or concurrently with the Closing Date are being terminated, and all outstanding amounts thereunder have been paid in full and (ii) all Liens securing such Indebtedness have been or concurrently with the Closing Date are being released;; and
Appears in 2 contracts
Samples: Pledge and Security Agreement (Geospace Technologies Corp), Pledge and Security Agreement (Oyo Geospace Corp)
