Common use of Existing Indebtedness of the Loan Parties Clause in Contracts

Existing Indebtedness of the Loan Parties. All of the existing Indebtedness (including, without limitation under the Existing Credit Agreements) for borrowed money of the Company and its Subsidiaries (other than Indebtedness permitted to exist pursuant to Section 7.02) shall be, or contemporaneously with the initial Credit Extension hereunder will be, repaid in full and all security interests related thereto shall be terminated on or prior to the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Checkpoint Systems Inc)

Existing Indebtedness of the Loan Parties. All of the existing Indebtedness (including, without limitation under the Existing Credit Agreements) for borrowed money of the Company Loan Parties and its Subsidiaries their respective Subsidiaries, including, without limitation, Indebtedness arising under the Existing Credit Agreements (other than but excluding Indebtedness permitted to exist pursuant to Section 7.02) ), shall be, or contemporaneously with the initial Credit Extension hereunder will be, be repaid in full and all security interests related thereto shall be terminated on or prior to the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Amedisys Inc)

Existing Indebtedness of the Loan Parties. All of the existing Indebtedness for borrowed money of Holdings and its Subsidiaries (including, without limitation including Indebtedness under the Existing Credit AgreementsAgreement) for borrowed money of the Company and its Subsidiaries (other than than, in each case, Indebtedness permitted to exist pursuant to Section 7.02) ), shall be, or contemporaneously with the initial Credit Extension hereunder will behereunder, repaid in full and all security interests related thereto shall be terminated on or prior to the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (El Pollo Loco Holdings, Inc.)

Existing Indebtedness of the Loan Parties. All of the existing Indebtedness of the Loan Parties and their respective Subsidiaries (including, without limitation including Indebtedness under the Existing Credit Agreements) for borrowed money of the Company and its Subsidiaries (Agreement, but other than Indebtedness permitted to exist pursuant to Section 7.02) shall be, or contemporaneously with the initial Credit Extension hereunder will be, be repaid in full full, all commitments with respect thereto shall be terminated, and all guarantees, liens and security interests related thereto shall be terminated terminated, in each case, on or prior to the Closing DateDate (or substantially concurrently with the occurrence thereof).

Appears in 1 contract

Sources: Credit Agreement (Resources Connection, Inc.)

Existing Indebtedness of the Loan Parties. All of the existing Indebtedness (including, without limitation under the Existing Credit Agreements) for borrowed money of the Company and its Subsidiaries (including Indebtedness under the Existing Credit Agreement, but other than Indebtedness permitted to exist pursuant to Section 7.02) 7.01), shall be, or contemporaneously with the initial Credit Extension hereunder will be, be repaid in full on or prior to the Closing Date, and all commitments, all guarantees and all security interests related thereto shall be terminated on or prior to the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Meet Group, Inc.)