Common use of Refinancing of Existing Indebtedness Clause in Contracts

Refinancing of Existing Indebtedness. Receipt by ▇▇▇▇▇▇ of copies of duly executed payoff letters in form and substance satisfactory to ▇▇▇▇▇▇, executed by each of ▇▇▇▇▇▇▇▇'s existing lenders or the agent thereof, together with (i) evidence of payment in full of such Indebtedness, (ii) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Lender, releasing all liens of any existing lenders or agent upon any of the personal property of Borrower and its Subsidiaries, (iii) cancellations and releases, in form and substance satisfactory to Lender, releasing all liens of any existing lenders or agent under such Indebtedness upon any of the real property of Borrower and its Subsidiaries, and (iv) any other releases, terminations or other documents reasonably required by Lender to evidence the payoff of Indebtedness.

Appears in 1 contract

Sources: Credit Agreement (HCI Group, Inc.)

Refinancing of Existing Indebtedness. Receipt by ▇▇▇▇▇▇ Lender of copies of duly executed payoff letters in form and substance satisfactory to ▇▇▇▇▇▇Lender, executed by each of ▇▇▇▇▇▇▇▇'s Borrower’s existing lenders or the agent thereof, together with (i) evidence of payment in full of such Indebtedness, (ii) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Lender, releasing all liens of any existing lenders or agent upon any of the personal property of Borrower and its Subsidiaries, (iii) cancellations and releases, in form and substance satisfactory to Lender, releasing all liens of any existing lenders or agent under such Indebtedness upon any of the real property of Borrower and its Subsidiaries, and (iv) any other releases, terminations or other documents reasonably required by Lender to evidence the payoff of Indebtedness.

Appears in 1 contract

Sources: Credit Agreement (HCI Group, Inc.)

Refinancing of Existing Indebtedness. Receipt by ▇▇▇▇▇▇ of copies of duly executed payoff letters in form and substance satisfactory to ▇▇▇▇▇▇Lender, executed by each of ▇▇▇▇▇▇▇▇Borrower's existing lenders or the agent thereof, together with (i) evidence of payment in full of such Indebtedness, (ii) UCC-3 UCC‑3 or other appropriate termination statements, in form and substance satisfactory to Lender, releasing all liens of any existing lenders or agent upon any of the personal property of Borrower and its Subsidiaries, (iii) cancellations and releases, in form and substance satisfactory to Lender, releasing all liens of any existing lenders or agent under such Indebtedness upon any of the real property of Borrower ▇▇▇▇▇▇▇▇ and its Subsidiaries, and (iv) any other releases, terminations or other documents reasonably required by Lender to evidence the payoff of Indebtedness.

Appears in 1 contract

Sources: Credit Agreement (HCI Group, Inc.)

Refinancing of Existing Indebtedness. Receipt by ▇▇▇▇▇▇ of copies of duly executed payoff letters in form and substance satisfactory to ▇▇▇▇▇▇, executed by each of ▇▇▇▇▇▇▇▇'s existing lenders or the agent thereof, together with (i) evidence of payment in full of such Indebtedness, (ii) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Lender, releasing all liens of any existing lenders or agent upon any of the personal 4891-8586-8126.7 property of Borrower and its Subsidiaries, (iii) cancellations and releases, in form and substance satisfactory to Lender, releasing all liens of any existing lenders or agent under such Indebtedness upon any of the real property of Borrower and its Subsidiaries, and (iv) any other releases, terminations or other documents reasonably required by Lender to evidence the payoff of Indebtedness.

Appears in 1 contract

Sources: Credit Agreement (HCI Group, Inc.)