Termination of the Existing Credit Agreement Clause Samples

Termination of the Existing Credit Agreement. No later than three Business Days after the Closing Date, terminate the Existing Credit Agreement and, concurrently therewith, deliver evidence of such termination to the Administrative Agent (which evidence shall be reasonably satisfactory to the Administrative Agent).

Termination of the Existing Credit Agreement. On the Effective Date, the total commitments under the Existing Credit Agreement shall have been terminated, and all loans thereunder shall have been repaid in full, together with interest thereon, and all other amounts owing pursuant to the Existing Credit Agreement shall have been repaid in full and the Existing Credit Agreement shall have been terminated and be of no further force or effect (except as to indemnities contained therein which survive the termination of the Existing Credit Agreement in accordance with the terms thereof).

Termination of the Existing Credit Agreement. The Agent shall have received satisfactory evidence that the Existing Credit Agreement has been terminated and all Indebtedness, liabilities and obligations outstanding thereunder has been paid in full.

Termination of the Existing Credit Agreement. Administrative Agent shall have received evidence, in form and substance satisfactory to Administrative Agent, that (i) all amounts under the Existing Credit Agreement are paid in full and (ii) all commitments of the lenders thereunder have been terminated; provided that, by its execution hereof, each Lender that is a lender party to the Existing Credit Agreement hereby waives the provisions of the Existing Credit Agreement requiring prior notice by Borrower with respect to the prepayment of loans and/or the termination of the commitments thereunder as of the Commitment Effective Date. Administrative Agent shall notify Borrower and the Lenders of the Commitment Effective Date, and such notice shall be conclusive and binding.

Termination of the Existing Credit Agreement. The "Required Banks" under the Existing Credit Agreement, by executing this Agreement, hereby agree to terminate the Existing Credit Agreement, as of the Effective Date.

Termination of the Existing Credit Agreement. Evidence that all commitments of the lenders to extend credit under the Existing Credit Agreement shall have been terminated, and all principal of and interest on the loans thereunder, and all fees and any other amounts payable by the Company thereunder, shall have been paid in full.

Termination of the Existing Credit Agreement. On the Closing Date hereunder, all loans under the Existing Credit Agreement shall be repaid in full and the commitments and other obligations and rights of the lenders thereunder shall be terminated.

Termination of the Existing Credit Agreement. On the Effective Date, all loans under the Existing Credit Agreement shall have been repaid in cash in full, together with all accrued interest and fees thereon, all letters of credit (other than the Existing Fronted Letters of Credit and Existing Several Letters of Credit, if any) issued thereunder shall have been terminated, all commitments thereunder shall have been terminated, and all other amounts owing pursuant to the Existing Credit Agreement shall have been repaid in full. The Administrative Agent shall have received evidence in form, scope and substance reasonably satisfactory to it that the matters set forth in this Section 5.01(g) have been satisfied on such date.

Termination of the Existing Credit Agreement. The Borrower shall have prepaid in full all principal and accrued interest with respect to the revolving loans and L/C borrowings under the Existing Revolving Facility, in each case, outstanding under the Existing Credit Agreement immediately prior to the Third Amendment and Restatement Effective Date, and all such commitments under the Existing Credit Agreement shall be terminated, and the Administrative Agent shall have received evidence reasonably satisfactory to it of the foregoing, including, without limitation, an executed prepayment and termination notice from the Borrower delivered in accordance with the respective provisions of the Existing Credit Agreement.