Examples of Existing Term Credit Agreement in a sentence
Section 2.04(a) of the Credit Agreement is amended by adding the following sentence at the end thereof: “It is acknowledged and agreed that the Existing Term Credit Agreement Amendment became effective on May 1, 2015 and that the Tranche B Commitments terminated in their entirety on such date.”.
The Administrative Agent shall have received a payoff letter evidencing that the Indebtedness under 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.
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.
For the avoidance of doubt, no Subsidiary shall be a Guarantor under the Senior Credit Agreement or the Existing Term Credit Agreement and not be a Guarantor hereunder.