Common use of Payoff documentation providing evidence Clause in Contracts

Payoff documentation providing evidence. satisfactory to the Administrative Agent that the Existing Credit Agreement shall have been terminated and cancelled and all indebtedness thereunder shall have been fully repaid (except to the extent being so repaid with the initial Loans) and any and all liens thereunder shall have been terminated and released (except to the extent supporting the Secured Obligations under the Security Documents).

Appears in 1 contract

Sources: Credit Agreement (Puget Energy Inc /Wa)

Payoff documentation providing evidence. satisfactory to the Administrative Agent that the Existing Credit Agreement shall have has been terminated and cancelled (along with all of the agreements, documents and instruments delivered in connection therewith), all indebtedness Indebtedness owing thereunder has been repaid and any Liens thereunder shall have been fully repaid (except to the extent being so repaid with the initial Loans) and any and all liens thereunder shall have been terminated and released (except to the extent supporting the Secured Obligations under the Security Documents)terminated.

Appears in 1 contract

Sources: Credit Agreement (Polaris Industries Inc/Mn)