Examples of Prior Lender Obligations in a sentence
Agent shall have received payoff letters from the Prior Lenders, each in form and substance reasonably satisfactory to Agent, as to the Prior Lender Obligations.
Prior to the Original Closing Date, Holdings will not have engaged in any business or incurred any Indebtedness or any other liabilities (except in connection with its corporate formation, the Prior Lender Obligations under and as defined in the Original Credit Agreement, the Related Transactions Documents and this Agreement).
Agents shall have received payoff letters from the Prior Lenders, each in form and substance reasonably satisfactory to Agents, as to the Prior Lender Obligations.
Prior to the Closing Date, Ultimate Parent, SHC, WAP and CCM will not have engaged in any business or incurred any Indebtedness or any other liabilities (except in connection with their corporate formation, the Related Transactions Documents or the Prior Lender Obligations which have been irrevocably repaid and extinguished in full on or before the Closing Date, this Agreement, and in the case of CCM, except in connection with owning and licensing (as licensor under Licences) Intellectual Property).
Agent shall have received fully executed original pay-off letters reasonably satisfactory to Agent confirming that the Prior Lender Obligations will be repaid from the proceeds of the Term Loans and the other Related Transactions and all Liens upon any of the property of Borrower or any of its Subsidiaries in favor of Prior Agents or any Prior Lender shall be terminated by such Person immediately upon such payment.