Termination of Liens. Receipt by the Administrative Agent of evidence satisfactory to the Administrative Agent that all Liens on the assets acquired in the Target Acquisition (other than Permitted Liens) have been, or substantially simultaneously with the making of such Credit Extension shall be, released. The Request for Credit Extension for the Borrowing of the Delay Draw Term Loan submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 5.02(a), (b) and (c) have been satisfied on and as of the date of the Borrowing of the Delay Draw Term Loan.
Appears in 3 contracts
Sources: Receivables Funding and Administration Agreement (Synnex Corp), Credit Agreement (Synnex Corp), Credit Agreement (Synnex Corp)