Common use of Termination of Existing Indebtedness Clause in Contracts

Termination of Existing Indebtedness. Receipt by the Administrative Agent of evidence that the Existing Credit Agreements concurrently with the Closing Date are being terminated, all Liens securing obligations under the Existing Credit Agreements concurrently with the Closing Date are being released and all loans and other obligations under the Existing Credit Agreements are being paid in full concurrently with the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Fleetcor Technologies Inc), Credit Agreement (Fleetcor Technologies Inc)

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Termination of Existing Indebtedness. Receipt by the Domestic Administrative Agent of evidence that the Existing Credit Agreements concurrently with the Closing Date are being terminated, will be simultaneously terminated and all Liens securing obligations under the such Existing Credit Agreements concurrently Agreement will be simultaneously released with the Closing Date are being released and all loans and other obligations under initial funding of the Existing Credit Agreements are being paid in full concurrently with the Closing DateLoans.

Appears in 1 contract

Samples: Credit Agreement (Georgia Gulf Corp /De/)

Termination of Existing Indebtedness. Receipt by the Multicurrency Administrative Agent of evidence that the Existing Credit Agreements concurrently with the Closing Date are being terminated, Agreement will be simultaneously terminated and all Liens securing obligations under the such Existing Credit Agreements concurrently Agreement, if any, will be simultaneously released with the Closing Date are being released and all loans and other obligations under initial funding of the Existing Credit Agreements are being paid in full concurrently with the Closing DateLoans.

Appears in 1 contract

Samples: Credit Agreement (Invacare Corp)

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Termination of Existing Indebtedness. Receipt by the Administrative Agent Agents of evidence that the Existing Credit Agreements concurrently with the Closing Date are being terminated, terminated and all Liens securing obligations under the Existing Credit Agreements concurrently with the Closing Date are being released and all loans and other obligations under the Existing Credit Agreements are being paid in full concurrently with the Closing Datereleased.

Appears in 1 contract

Samples: Credit Agreement (Ems Technologies Inc)

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