Examples of Existing Senior Credit Facility in a sentence
After giving effect to the Transactions, Holdings and its Subsidiaries shall have outstanding no Indebtedness (other than the Indebtedness permitted to be outstanding under this Agreement) and the Administrative Agent shall have received reasonably satisfactory evidence of the termination of the Existing Senior Credit Facility and the release of all liens in connection therewith.
All Indebtedness, other than Indebtedness permitted under Section 8.1, but including the Existing Senior Credit Facility and Outstanding Senior Subordinated Term Loans, of the Company and each of its Subsidiaries outstanding immediately before the consummation of the Transactions shall have been repaid in full and each Purchaser shall have received evidence of each repayment reasonably satisfactory to such Purchaser and Xxxxx Xxxxx.
The proceeds of the Loans shall be used (i) to repay all obligations under the Existing Senior Credit Facility in full, if any, (ii) to pay or reimburse permitted fees and expenses in connection with the preparation, negotiation, execution and delivery of this Agreement and the other Credit Documents, and (iii) to provide for working capital and general corporate purposes and in accordance with the terms and provisions of this Agreement, including Permitted Acquisitions.
The Lenders acknowledge that under the terms of the Existing Senior Credit Facility, the Borrower may request and the Bank may, in its sole and absolute discretion, arrange for the Borrower to obtain from the Bank or the Bank’s Affiliates Bank Products, although the Borrower is not required to do so.
The Agent and the Lenders further acknowledge that the “Obligations” under the Existing Senior Credit Facility includes, without limitation, all debts, liabilities and obligations now or hereafter arising from or in connection with Bank Products provided by the Bank pursuant to the Existing Senior Credit Facility.