Examples of Existing Term Loan Documents in a sentence
Section 2.9 Payoff and Termination of Existing Term Loan Documents.
The Existing Term Loan Banks have duly and effectively assigned to the Lender all of their rights under the Existing Term Loan Documents pursuant to the Assignment of Existing Term Loan, and the Existing Term Loan Banks have no further rights under or relating to the Existing Term Loan Documents except as provided in the Assignment of Existing Term Loan.
The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby are not intended by the parties to constitute, and shall not constitute, a novation or an accord and satisfaction of any of the indebtedness and other obligations owing by the Borrower to any Lender under the Existing Term Loan Documents (such indebtedness and other obligations, collectively, the “Existing Term Loan Debt”).
The Collateral shall be subject to exceptions and qualifications consistent with the Existing Term Loan Documents (as defined below).
The Liens and security interest of the Bank in the Collateral shall be deemed to be continuously granted and perfected from the earliest date of the granting and perfection of such Liens and security interests to the Bank (whether under the Existing Term Loan Documents, this Agreement or any of the other Loan Documents.