Refinanced Indebtedness. (i) the Agents shall have received reasonably satisfactory evidence that all loans and other obligations under the Existing Jarden Credit Agreement shall have been repaid in full, (A) the Existing Jarden Credit Agreement and all Loan Documents (as defined therein) shall have been terminated on terms satisfactory to the Arrangers, including the release of all Liens granted to the Existing Jarden Agent pursuant thereto and (B) the Administrative Agent shall have received a payoff letter duly executed and delivered by the Borrower and the Existing Jarden Agent or other evidence of such termination in each case in form and substance reasonably satisfactory to the Agents; (ii) the Agents shall have received satisfactory evidence that all loans and other obligations under the Existing AHI Credit Agreement shall have been repaid in full, (A) the Existing AHI Credit Agreement and all Loan Documents (as defined therein) shall have been terminated on terms reasonably satisfactory to the Agents, including the release of all Liens granted to the Existing AHI Agent and (B) the Administrative Agent shall have received a payoff letter duly executed and delivered by AHI and the Existing AHI Agent or other evidence of such termination in each case in form and substance reasonably satisfactory to the Agents; and (iii) the Agents shall have received satisfactory evidence that all loans outstanding under, and all other amounts due in respect of, the Refinanced Indebtedness (other than the Refinanced Indebtedness described in the foregoing clauses (i) and (ii)) specified on Schedule 4.01(d) (Refinanced Indebtedness) shall have been repaid in full (or satisfactory arrangements made for such repayment) and the commitments thereunder shall have been permanently terminated.
Appears in 2 contracts
Sources: Credit Agreement (Jarden Corp), Credit Agreement (Jarden Corp)