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Common use of Termination of Existing Indebtedness Clause in Contracts

Termination of Existing Indebtedness. The Administrative Agent shall have received evidence that the Existing Indebtedness has been paid off and terminated prior to the Effective Date or substantially concurrently with the closing of this Agreement on the Effective Date.

Appears in 4 contracts

Sources: Senior Revolving Credit Facility (Kinetik Holdings Inc.), Credit Agreement (Kinetik Holdings Inc.), Credit Agreement (Kinetik Holdings Inc.)

Related Clauses

  • Repayment of Existing Indebtedness
  • DESCRIPTION OF EXISTING INDEBTEDNESS
  • DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS
  • Termination of Existing Credit Agreement
  • Termination of Existing Agreements

Parent Clauses

  • Conditions Precedent
  • Conditions to Closing Date and Initial Revolving Loans
  • Miscellaneous
  • Initial Extension of Credit
  • Conditions to Closing Date and Initial Extensions of Credit

Sub-Clauses

  • Additional Conditions to Swingline Loans
  • Additional Conditions to Japanese/Multicurrency Revolving Loans
  • Representations and Warranties
  • Additional Conditions to U.S. Revolving Loans
  • Additional Conditions to Swiss/Multicurrency Revolving Loans
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