Common use of Termination of the Existing Credit Agreement Clause in Contracts

Termination of the Existing Credit Agreement. The Borrower shall provide evidence to the Administrative Agent that (i) the Existing Credit Agreement shall be terminated, (ii) all liens created in connection therewith, if any, shall be terminated and (iii) all Indebtedness outstanding thereunder has been paid in full, in each case concurrently with the making of the initial extensions of credit hereunder.

Termination of the Existing Credit Agreement. The Borrower There shall provide evidence have been delivered to the Administrative Agent that (i) evidence of the refinancing and repayment of the Indebtedness outstanding under the Existing Credit Agreement, the termination of all commitments under the Existing Credit Agreement shall be terminated, (ii) all and termination and release of guarantees and liens created in connection therewith, if any, shall be terminated in form and (iii) all Indebtedness outstanding thereunder has been paid in full, in each case concurrently with substance reasonably satisfactory to the making of the initial extensions of credit hereunderAdministrative Agent.

Termination of the Existing Credit Agreement. The Borrower shall provide evidence to By their execution of this Agreement, the Borrower, the Administrative Agent and the Lenders each hereby agree that (i) as of the Closing Date the Existing Credit Agreement shall be terminated, (ii) all liens created in connection therewith, if any, shall be terminated and (iii) of no further force and effect, except for the terms and provisions of the Existing Credit Agreement which expressly survive the termination thereof and except for the Borrower's obligation to repay all Indebtedness outstanding accrued and unpaid fees thereunder has been paid in full, in each case concurrently accordance with the making of the initial extensions of credit hereunderterms thereof.