Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.
Termination of Existing Credit Agreement. The Administrative Agent shall have received evidence that the principal of and interest on the loans under, and all other amounts owing under or in respect of, the Existing Credit Agreement shall have been (or shall simultaneously be) paid in full and all commitments to extend credit thereunder of any lender thereunder shall have been terminated, in each case in a manner reasonably satisfactory to the Administrative Agent.
Termination of Existing Credit Agreement. Concurrent with the closing of the Agreement, the Existing Credit Agreement shall have been terminated, together with the commitments thereunder, and all amounts owing in respect of the Existing Credit Agreement shall have been repaid in full.
Termination of Existing Credit Agreement. Receipt by the Administrative Agent of evidence reasonably satisfactory to the Administrative Agent that the Existing Credit Agreement shall have been repaid and terminated.
Termination of Existing Credit Agreement. Delivery of evidence satisfactory to the Administrative Agent that: (a) the Existing Credit Agreement has been terminated, (b) all outstanding Obligations (as defined in the Existing Credit Agreement) have been paid in full and (c) all guarantees and security interests granted in connection with the Existing Credit Agreement have been terminated and released, or arrangements reasonably satisfactory to the Administrative Agent shall have been made for their termination and release substantially contemporaneously with the Closing Date.
Termination of Existing Credit Agreement. On or prior to the Initial Borrowing Date, the total commitments under the Existing Credit Agreement shall have been terminated, all loans thereunder shall have been repaid in full, together with interest thereon, all letters of credit, if any, issued thereunder shall have been terminated and all other amounts owing pursuant to the such agreements shall have been repaid in full and the such agreements shall have been terminated on terms and conditions satisfactory to Administrative Agent and the Majority Lenders and be of no further force or effect and the creditors there under shall have terminated and released all security interests and Liens on the assets owned by Company and its Subsidiaries in a manner satisfactory to the Administrative Agent.
Termination of Existing Credit Agreement. In connection with the delivery of evidence of termination of the Existing Credit Agreement required as a condition to the effectiveness of this Agreement pursuant to Section 4.01(a)(x), each of the Lenders, upon delivery of such evidence, in its capacity as a Lender under the Existing Credit Agreement, waives any notice requirement under the Existing Credit Agreement with which the Borrowers would otherwise be obligated to comply in order to terminate the Existing Credit Agreement.
Termination of Existing Credit Agreement. Each Lender that is also a lender party to the Existing Credit Agreement hereby waives any requirement pursuant to (a) Section 2.04(a) of the Existing Credit Agreement that three Business Days notice be given of a voluntary prepayment, and (b) Section 2.05 of the Existing Credit Agreement that five Business Days notice be given of a termination of the Aggregate Commitments (as defined therein), provided that such prepayment is made and such termination is effected on the Closing Date.
Termination of Existing Credit Agreement. Confirmation that all Indebtedness of, and accrued and unpaid fees and all other amounts owing by, the Borrower under the Existing Credit Agreement will be repaid in full and the commitments thereunder will be terminated, in each case, on or prior to the Closing Date.
Termination of Existing Credit Agreement. The Existing Credit Agreement has been (or concurrently with the Effective Date is being) paid in full and terminated in accordance with its terms.
