Transfer of Equity of a Borrower. In the event that any shares of capital stock, partnership interests or other ownership interests of a Borrower are to be disposed of or otherwise transferred in such transaction each of the following additional conditions shall be met: (a) All Loans made to such Borrower and all intercompany obligations of such Borrower shall have been repaid in full and such Borrower shall sign an acknowledgement that all obligations of the Lender Parties to it are terminated; and (b) The Administrative Agent shall have received such replacement Notes, certificates, opinions, documents and/or instruments it shall reasonably request.
Appears in 3 contracts
Samples: Credit Agreement (Genesis Health Ventures Inc /Pa), Credit Agreement (Genesis Eldercare Acquisition Corp), Credit Agreement (Genesis Eldercare Acquisition Corp)
Transfer of Equity of a Borrower. In the event that any shares of capital stock, partnership interests or other ownership interests of a Borrower are to be disposed of or otherwise transferred in such transaction each of the following additional conditions shall be met:
(a) All Loans made to such Borrower and all intercompany obligations of such Borrower shall have been repaid in full and such Borrower shall sign an acknowledgement that all obligations of the Lender Parties to it are terminated; and
(b) The Administrative Agent shall have received such replacement Notes, certificates, opinions, documents and/or instruments it shall reasonably request.
Appears in 1 contract
Samples: Credit Agreement (Genesis Eldercare Acquisition Corp)
