Examples of Existing Term Credit Agreement in a sentence
The Administrative Agent shall have received payoff letters evidencing that the Indebtedness under the Existing Revolving Credit Agreement and the Existing Term Credit Agreement has been or concurrently with the Closing Date is being repaid in full and the commitments thereunder have been or concurrently with the Closing Date are being terminated.
Subject to the immediately preceding sentence, all rights, benefits, indebtedness, interest, liabilities and obligations of the parties to the Existing Term Credit Agreement are hereby amended, restated, replaced and superseded, in their entirety, on the terms and provisions set forth herein.
The proceeds of the Loans will be used solely to pay and discharge the Indebtedness and any other amounts owing under the Existing Term Credit Agreement.
Notwithstanding anything to the contrary herein or in the Existing Term Credit Agreement, each Existing Lender hereby waives any right to receive payments pursuant to Section 2.17 of the Existing Term Credit Agreement in connection with the conversion of the Existing Loans pursuant to Section 2.07(c) hereof.
Subject to Section 4.01, this Agreement amends and restates in its entirety the Existing Term Credit Agreement.