Termination of Prior Credit Agreements Sample Clauses

Termination of Prior Credit Agreements. On the Closing Date, the total commitments under each of the Prior Credit Agreements shall have been terminated, all loans thereunder shall have been repaid in full, together with interest thereon, and all other amounts owing pursuant to such agreements shall have been repaid in full and such agreements shall have been terminated on terms and conditions satisfactory to the Administrative Agent and the Required Lenders and be of no further force or effect and the creditors thereunder shall have terminated, released or modified all security interests and Liens on the assets owned by the Borrower and its Subsidiaries in a manner satisfactory to the Administrative Agent, it being understood and agreed that for all purposes under this Agreement, such repayment shall be deemed to occur simultaneously with the effectiveness of this Agreement;
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Termination of Prior Credit Agreements. Contemporaneously with the initial advances hereunder, the Borrowers shall have paid in full all principal, interest and other accrued and outstanding amounts under the Prior Credit Agreements, all commitments to extend further credit under the Prior Credit Agreements shall have been terminated, all liens (if any) securing 80 amounts owing under the Prior Credit Agreements shall have been released and the Prior Credit Agreements shall have become terminated and of no further force and effect (except for unsecured reimbursement obligations in respect of continuing letters of credit, if any, and indemnity provisions that by their terms survive the termination of the Prior Credit Agreements).
Sample 1
Termination of Prior Credit Agreements. The Administrative Agent and the Banks shall have received evidence, in form and substance satisfactory to the Administrative Agent (it being understood by the Administrative Agent that copies of respective notices of termination of such credit facilities properly delivered pursuant to the terms of each of the following Revolving Credit Agreements shall be deemed to be satisfactory), of the termination of (a) that certain Revolving Credit Agreement, dated as of July 20, 1998 (as amended), among the Borrower, the financial institutions party thereto and Bank of America, as Administrative Agent, and (b) that certain Revolving Credit Agreement, dated as of October 30, 2000 (as amended), among the Borrower, the financial institutions party thereto and Bank of America, as administrative agent, in each case, confirming repayment in full of all obligations arising thereunder.
Sample 1
Termination of Prior Credit Agreements. With respect to the Prior Credit Agreements, (i) the Borrower shall have paid in full all principal, interest, fees, expenses and other amounts outstanding under the Prior Credit Agreements, (ii) no Event of Default under and as defined in the Prior Credit Agreements shall exist, and (iii) the Administrative Agent shall have received copies of notices to the appropriate agents or lenders under the Prior Credit Agreements terminating the commitments of the lenders thereunder to make any further loans or other extensions of credit.
Sample 1
Termination of Prior Credit Agreements. The Administrative Agent and the Banks shall have received evidence, in form and substance satisfactory to the Administrative Agent (it being understood by the Administrative Agent that copies of the notice of termination of such credit facility properly delivered pursuant to the terms thereof shall be deemed to be satisfactory), of the termination of (a) that certain Revolving Credit Agreement, dated as of February 17, 2006 (as amended), among the Company, the financial institutions party thereto and Bank of America, as administrative agent, and (b) that certain Revolving Credit Agreement, dated as of January 25, 2008 (as amended), among Xxxxxxx Xxxxxxxxx, the Company, the financial institutions party thereto and Citibank, N.A., as administrative agent, in each case, confirming repayment in full of all obligations arising thereunder.
Sample 1
Termination of Prior Credit Agreements. The Company shall have paid in full all principal, interest and other accrued and outstanding amounts under the Prior Credit Agreements, all commitments to extend further credit under the Prior Credit Agreements shall have been terminated, all Liens, if any, securing amounts owing under the Prior Credit Agreements shall have been released and the Prior Credit Agreements shall have become terminated and of no further force or effect (except for indemnity and similar provisions, if any, that by their terms survive the termination of the Prior Credit Agreements).
Sample 1
Termination of Prior Credit Agreements. (i) On or prior to the Original Closing Date, the total commitments under each of the Prior Credit Agreements shall have been terminated, all loans thereunder shall have been repaid in full, together with interest thereon, and all other amounts other than contingent and indemnification obligations) owing pursuant to the Prior Credit Agreements shall have been repaid in full and the Prior Credit Agreements shall have been terminated on terms and conditions reasonably satisfactory to Agent and the Required Lenders and be of no further force or effect. On the Original Closing Date, (x) the termination of the Prior Credit Agreements shall be reasonably satisfactory to Agent and the Required Lenders and all such conditions shall have been satisfied to the reasonable satisfaction of Agent and the Required Lenders or waived with the consent of Agent and the Required Lenders and (y) evidence in form, scope and substance reasonably satisfactory to Agent and the Required Lenders that the matters set forth in this Section 5.1(t) have been satisfied on such date;
Sample 1
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Related to Termination of Prior Credit Agreements

  • Termination of Prior Agreements The execution of this Agreement shall be deemed to constitute the termination as of the Effective Date of any and all prior agreements between an Acquiring Fund and an Acquired Fund that relates to the investment by any Acquiring Fund in any Acquired Fund in reliance on a participation agreement, exemptive order or other arrangement among the parties intended to achieve compliance with Section 12(d)(1) of the 1940 Act (the “Prior Section 12 Agreements”). The parties hereby waive any notice provisions, conditions to termination, or matters otherwise required to terminate such Prior Section 12 Agreements.

  • Termination of Prior Agreement Upon the effectiveness of this Agreement, the Prior Agreement shall terminate and be of no further force and effect, and shall be superseded and replaced in its entirety by this Agreement.

  • Amendment of Prior Agreement The Prior Agreement is hereby amended and superseded in its entirety and restated herein. Such amendment and restatement is effective upon the execution of this Agreement by the Company and the parties required for an amendment pursuant to Section 5.5 of the Prior Agreement. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety by the provisions hereof and shall have no further force or effect.

  • Incorporation of Prior Agreements; Amendments This Lease contains all agreements of the parties with respect to any matter mentioned herein. No prior agreement or understanding pertaining to any such matter shall be effective. This Lease may be modified in writing only, signed by the parties in interest at the time of the modification. Except as otherwise stated in this Lease, Lessee hereby acknowledges that neither the real estate broker listed in Paragraph 15 hereof nor any cooperating broker on this transaction nor the Lessor or any employees or agents of any of said persons has made any oral or written warranties or representations to Lessee relative to the condition or use by Lessee of said Premises and Lessee acknowledges that Lessee assumes all responsibility regarding the Occupational Safety Health Act, the legal use and adaptability of the Premises and the compliance thereof with all applicable laws and regulations in effect during the term of this Lease except as otherwise specifically stated in this Lease.

  • Amendments to Existing Credit Agreement Effective on (and subject to the occurrence of) the Effective Date, the Existing Credit Agreement is hereby amended in accordance with this Part II. Except as so amended, the Existing Credit Agreement shall continue in full force and effect.

  • Incorporation of Prior Agreements; Modifications This Lease is the only agreement between the parties pertaining to the lease of the Property and no other agreements are effective. All amendments to this Lease shall be in writing and signed by all parties. Any other attempted amendment shall be void.

  • Amendment and Restatement of Prior Agreement The Prior Agreement is hereby amended and restated in its entirety as set forth herein. Such amendment and restatement is effective upon the execution of this Agreement on the date hereof by the Company and certain of the Prior Investors who are party hereto, pursuant to Section 5.5 of the Prior Agreement. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect, including, without limitation, all rights of first refusal and any notice period associated therewith otherwise applicable to the transactions contemplated by the Purchase Agreement.

  • Continuing Security Interest: Assignments under Credit Agreement (a) This Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until the Obligations have been paid in full in accordance with the provisions of the Credit Agreement and the Commitments have expired or have been terminated, (ii) be binding upon each Grantor, and their respective successors and assigns, and (iii) inure to the benefit of, and be enforceable by, Agent, and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), any Lender may, in accordance with the provisions of the Credit Agreement, assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise. Upon payment in full of the Secured Obligations in accordance with the provisions of the Credit Agreement and the expiration or termination of the Commitments, the Guaranty made and the Security Interest granted hereby shall terminate and all rights to the Collateral shall revert to Grantors or any other Person entitled thereto. At such time, upon Borrowers’ request, Agent will authorize the filing of appropriate termination statements to terminate such Security Interest. No transfer or renewal, extension, assignment, or termination of this Agreement or of the Credit Agreement, any other Loan Document, or any other instrument or document executed and delivered by any Grantor to Agent nor any additional Revolving Loans or other loans made by any Lender to any Borrower, nor the taking of further security, nor the retaking or re-delivery of the Collateral to Grantors, or any of them, by Agent, nor any other act of the Lender Group or the Bank Product Providers, or any of them, shall release any Grantor from any obligation, except a release or discharge executed in writing by Agent in accordance with the provisions of the Credit Agreement. Agent shall not by any act, delay, omission or otherwise, be deemed to have waived any of its rights or remedies hereunder, unless such waiver is in writing and signed by Agent and then only to the extent therein set forth. A waiver by Agent of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Agent would otherwise have had on any other occasion.

  • Incorporation of Prior Agreements This Lease and the attachments listed in Section 1.16 contain all agreements of the parties with respect to the lease of the Premises and any other matter mentioned herein. No prior or contemporaneous agreement or understanding pertaining to any such matter shall be effective. Except as otherwise stated in this Lease, Tenant hereby acknowledges that no real estate broker nor Landlord or any employee or agents of any of said persons has made any oral or written warranties or representations to Tenant concerning the condition or use by Tenant of the Premises or the Project or concerning any other matter addressed by this Lease.

  • Continuing Security Interest; Assignments under the Credit Agreement This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations, (ii) the Termination Date and (iii) the termination or expiration of all Letters of Credit and all Secured Hedge Agreements, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Advances owing to it and the Note or Notes, if any, held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender Party herein or otherwise, in each case as provided in Section 8.07 of the Credit Agreement.

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