Existing 2007 Credit Agreement definition

Existing 2007 Credit Agreement means the Revolving Credit Agreement, dated as of June 26, 2007, as amended, by and among the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A. as administrative agent.

Existing 2007 Credit Agreement means the Revolving Credit Agreement, dated as of September 28, 2007, among Borrower, General Partner, the Administrative Agent and the lenders party thereto, as amended by the First Amendment to Revolving Credit Agreement, dated as of October 12, 2007, and the Second Amendment to Revolving Credit Agreement, dated as of June 8, 2011.

Existing 2007 Credit Agreement means this Agreement as in effect immediately prior to the First Amendment Effective Date.

Examples of Existing 2007 Credit Agreement in a sentence

• Effective on the First Amendment Effective Date, each Term Loan outstanding under the Existing 2007 Credit Agreement shall either be maintained hereunder as a “Non-Extended Term Loan” or converted to an “Extended Term Loan”, in each case in amounts for each relevant Lender as specified to such Lender in a notice from the Administrative Agent delivered on or about the First Amendment Effective Date.

• Repayment, with the proceeds of the Initial Advance, of all loans under the Existing 2007 Credit Agreement and termination of the Existing 2007 Credit Agreement (other than those provisions of the Existing 2007 Credit Agreement which, by their terms, expressly survive such termination).

• By executing this Agreement the Lenders who are Existing 2007 Credit Agreement Lenders hereby waive the notice provisions in Sections 2.06 and 2.07 of the Existing 2007 Credit Agreement, and the Lenders who are Existing 2010 Credit Agreement Lenders hereby waive the notice provisions in Sections 2.06 and 2.07 of the Existing 2010 Credit Agreement.

• The proceeds of the Loans made under this Agreement will be used by the Borrower to repay loans under the Existing 2009 Credit Agreement and Existing 2007 Credit Agreement on the Effective Date and for general corporate purposes of the Borrower and its Affiliates, including for working capital purposes, for making investments in or loans to Affiliates, and as a commercial paper backstop.

• All proceeds of the Loans will be used by Borrower for any purpose permitted by law, including, without limitation, repayment of all loans under the Existing 2007 Credit Agreement.

• Each Bank shall promptly, and in any event not later than three Business Days after the Closing Date, surrender to the Borrower for subsequent cancellation any promissory notes issued to such Bank under the Existing 2007 Credit Agreement (or provide a lost note affidavit in respect thereof).

• The proceeds of the Revolving Loans, the Swingline Loans and the Letters of Credit shall be used (i) to refinance any debt outstanding under the Existing 2007 Credit Agreement and the Existing 2010 Credit Agreement, (ii) for working capital purposes and (iii) for general corporate purposes, including commercial paper back-up and to support liquidity requirements associated with the Borrower’s energy procurement hedging activities.

• The Administrative Agent shall have received evidence satisfactory to it (which may be a certificate of the Borrower) that the commitments under each of the Existing 2007 Credit Agreement and the Existing 2010 Credit Agreement shall have been terminated in full and that all amounts then due and payable by the Borrower thereunder have been paid in full.

More Definitions of Existing 2007 Credit Agreement

Existing 2007 Credit Agreement has the meaning set forth in the recitals hereto.

Existing 2007 Credit Agreement that certain Credit Agreement, dated as of February 26, 2007, as amended by that certain Amendment and Limited Consent Agreement, dated as of April 27, 2009, in each case among the Borrower, the lenders party thereto, the syndication agent and co-documentation agents described therein and Citicorp North America Inc., as administrative agent.