Existing Credit Facility definition
Examples of Existing Credit Facility in a sentence
Evidence that all principal amounts, interest, fees and other amounts owed under the Borrower’s Existing Credit Facility shall have been refinanced in full on or before the Closing Date and all commitments and agreements with respect thereto shall have been terminated.
Notwithstanding the foregoing, Buyer may communicate with (A) the lenders under the Existing Credit Facility, solely in the event that Buyer timely delivers the Debt Assumption Notice in accordance with Section 6.13(e) and (B) any counterparty to any of the Contracts set forth on Schedule C in connection with obtaining any Consent, amendment, assignment or entry into a similar Contract, in each case, as further described on Schedule C.
Each of the Cornerstone Entities has been, in compliance with the terms and conditions of the Existing Credit Facility in all material respects and no Cornerstone Entity has received written notice of a default, event of default or breach of any representation or warranty by any Cornerstone Entity thereunder.