Termination of the Existing Credit Agreement. There shall have been delivered to the Administrative Agent evidence of the refinancing and repayment of the Indebtedness outstanding under the Existing Credit Agreement, the termination of all commitments under the Existing Credit Agreement and termination and release of guarantees and liens in connection therewith, in form and substance reasonably satisfactory to the Administrative Agent.
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Samples: Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)
Termination of the Existing Credit Agreement. There The Borrower shall have been delivered provide evidence to the Administrative Agent evidence of the refinancing and repayment of the Indebtedness outstanding under the Existing Credit Agreement, the termination of all commitments under that (i) the Existing Credit Agreement and termination and release of guarantees and shall be terminated, (ii) all liens created in connection therewith, if any, shall be terminated and (iii) all Indebtedness outstanding thereunder has been paid in form and substance reasonably satisfactory to full, in each case concurrently with the Administrative Agentmaking of the initial extensions of credit hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Media General Inc), Credit Agreement (Media General Inc)
Termination of the Existing Credit Agreement. There shall have been delivered to By their execution of this Agreement, the Borrower, the Administrative Agent evidence and the Lenders each hereby agree that as of the refinancing and repayment of the Indebtedness outstanding under the Existing Credit Agreement, the termination of all commitments under Closing Date the Existing Credit Agreement shall be terminated and of no further force and effect, except for the terms and provisions of the Existing Credit Agreement which expressly survive the termination thereof and release of guarantees except for the Borrower's obligation to repay all accrued and liens unpaid fees thereunder in connection therewith, in form and substance reasonably satisfactory to accordance with the Administrative Agentterms thereof.
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