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 substantially concurrent with the borrowing of the initial Term Loans hereunder, Holdings, Company and its Subsidiaries shall have (a) repaid in full all Existing Indebtedness to Be Repaid, (b) terminated any commitments to lend or make other extensions of credit thereunder and (c) delivered to Administrative Agent all documents or instruments reasonably requested by Administrative Agent in order to release all Liens securing Indebtedness or other obligations of Company and its Subsidiaries thereunder. The terms and conditions of any Indebtedness remaining outstanding after the Closing Date shall be reasonably satisfactory to Administrative Agent.

Matters Relating to Existing Indebtedness of Company and Its Subsidiaries. On the Closing Date substantially concurrent with the borrowing of the initial Term Loans hereunder, Holdings, Company and its Subsidiaries shall have (a) repaid in full all Existing Indebtedness to Be Repaid, (b) terminated any commitments to lend or make other extensions of credit thereunder and (c) delivered to Administrative Agent all documents or instruments reasonably requested by Administrative Agent in order to release all Liens securing Indebtedness or other obligations of Company and its Subsidiaries thereunder. The terms and conditions of any Indebtedness remaining outstanding after the Closing Date shall be reasonably satisfactory to Administrative Agent.