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.
The Lender shall have received evidence, in form and substance reasonably satisfactory to the Lender, that it has a valid and perfected security interests in, and liens upon, the Collateral and other property which is intended to be security for the Obligations or the liability of any Obligor in respect thereof, subject only to the security interests and liens permitted herein or in the Existing Senior Credit Facility, as amended by the Senior Credit Amendments.
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 Lender shall have received fully executed copies of the Senior Credit Amendments, in form and substance satisfactory to the Lender, as duly authorized, executed and delivered by the Borrowers and the Agent and Lenders named under the Existing Senior Credit Facility.
Borrowers shall utilize the proceeds of the sale of securities to refinance in part the Existing Senior Credit Facility and for the financing of Borrow ers' ordinary working capital needs (but excluding in any event the making of any Restricted Payment not specifically permitted by Section 7.14).