Examples of Former Lenders in a sentence
Each Company, the Administrative Agent and each Lender party hereto acknowledges and agrees to the repayment in full on the Effective Date of the principal and interest outstanding under the Credit Agreement owing to the Former Lenders.
Each of Borrower, Guarantor and CapitalSource hereby certifies to Column that all of the obligations of Borrower with respect to the Prepaid Notes have been satisfied in full and that the Former Lenders have no further rights under the Loan Agreement or the Loan Documents.
Parent, Bank of America, N.A., as Agent (the "Former Agent") and the "Former Lenders" (as hereinafter defined) entered into that certain Credit Agreement dated as of June 30, 1998, by and among Parent, the Former Agent, and each of the lenders (collectively the "Former Lenders") party thereto (together with all amendments or modifications thereof and supplements thereto the "Existing Credit Agreement").
The Existing Revolving Credit Loans (other than those owing to the Former Lenders) shall be deemed for all purposes, to constitute Revolving Credit Loans hereunder.
No payment has been or will be made to the Former Lenders who have sold their debt to WPP in respect of their entitlement to make-whole and certain other payments which in aggregate total approximately (pound)20 million.
Pursuant to the terms of the Loan Agreement, Borrower, upon ten days prior notice to Agent, prepaid a portion of the Debt, consisting of the outstanding principal amount (together with all interest due thereon) of those certain Promissory Notes made by Borrower in favor of each of the Former Lenders (the "Prepaid Notes") which, together with the outstanding Promissory Note made by Borrower in favor of CapitalSource, comprised the defined term "Note".
The parties hereto have agreed to amend the Loan Agreement to, inter alia, (a) clarify that the Restated Note hereafter constitutes the "Note" as defined therein, (b) remove references to the Former Lenders and (c) reduce the interest rate payable thereunder.
Evidence that (i) the outstanding principal amount of each Loan (as defined in the Existing Credit Agreement) held by the Former Lenders, together with accrued interest thereon and all other amounts owing by the Company to the Former Lenders under the Existing Credit Agreement shall have been paid in full and (ii) each of the Former Lenders shall have consented to its no longer being a party to this Agreement.
In order to reduce its liability under its Guaranty of the Debt, Guarantor has tendered to Former Lenders an amount equal to the outstanding obligations of Borrower with respect to that portion of the Debt held by the Former Lenders and evidenced by Promissory Note B-2 and Promissory Note B-3 (hereafter, the "PREPAID NOTES").
The Parties agree that the so-called corporate licenses “Xxxxxx & Khalix” are not part of the Assets (and Information Technology and Systems) being transferred to the Purchaser by virtue of this Agreement.