Common use of Matters Relating to Existing Indebtedness of Company and Its Subsidiaries Clause in Contracts

Matters Relating to Existing Indebtedness of Company and Its Subsidiaries. On the Closing Date, Company and its Subsidiaries shall have (i) repaid in full all Indebtedness under the Existing Credit Agreement, (ii) terminated any commitments to lend or make other extensions of credit thereunder, (iii) delivered to Administrative Agent all documents or instruments necessary to release all Liens securing Indebtedness or other obligations of Company and its Subsidiaries thereunder, and (iv) made arrangements satisfactory to Administrative Agent with respect to any letters of credit outstanding thereunder.