Common use of The Refinancing Clause in Contracts

The Refinancing. Such amount of Parent Floating Rate Notes shall have been, or shall simultaneously be, purchased or redeemed such that after giving effect to the Transactions on the Closing Date no more than $25.0 million aggregate principal amount of Parent Floating Rate Notes remains outstanding (it being understood that Parent Floating Rate Notes as to which notice of redemption has been irrevocably delivered to the trustee in accordance with the indenture for the Parent Floating Rate Notes shall be deemed not outstanding). The Term B Loans and revolving loans under the Original Credit Agreement shall have been, or shall simultaneously be, repaid in full or exchanged for Term Loans or revolving loans, as the case may be, under this Agreement (including pursuant to Section 2.19). All commitments under the Original Credit Agreement shall be terminated.