Example ContractsClausesExisting Debt
Existing Debt
Existing Debt contract clause examples

Existing Debt” means Debt for borrowed money of each Loan Party and its Subsidiaries outstanding immediately prior to the Closing Date.

Existing Debt” shall mean the Indebtedness outstanding under the Existing Credit Agreement.

Existing Debt” means that certain Indenture dated as of December 21, 2004, entered into between Borrower, as issuer, and Wells Fargo Trust Company, National Association (f/k/a Wells Fargo Bank, Northwest, N.A.), as indenture trustee, and those certain notes issued in connection therewith, as amended and in effect on the Closing Date.

Existing Debt” means all debt outstanding as of the Closing Date under that certain Credit Agreement, dated January 9, 2020 (as amended prior to the date hereof), by and among the Loan Parties party thereto, the lenders party thereto and Orbimed Royalty & Credit Opportunities III, LP, as administrative agent.

Existing Debt” shall mean the Indebtedness outstanding under the Existing Credit Agreement.

Existing Debt. The Administrative Agent and the Lenders shall have received all documents or instruments necessary to release all Liens on the assets of Loan Parties including, without limitation payoff letters with respect to the Existing Debt and evidence that such Existing Debt or Debt, in each case, shall be fully repaid with the proceeds of the Loans, UCC and other appropriate termination statements and documents effective to evidence the foregoing.

Existing Debt. Set forth on Schedule 4.01(m) hereto is a complete and accurate list of all Existing Debt (other than Surviving Debt), showing as of the Closing Date the obligor and the principal amount outstanding thereunder immediately prior to the transactions contemplated hereby to occur on the Closing Date.

Existing Debt” means the Debt of the Loan Parties outstanding immediately before the occurrence of the Effective Date and listed on Schedule 3.01(b).

Existing Debt Arrangements Term Loan Facility: The Third Amended and Restated Credit Agreement, dated March 3, 2017 (the “Term Credit Agreement”), by and between Gastar, as Borrower, the Guarantors party thereto, the Lenders (the “Term Lenders”) from time to time party thereto and Wilmington Trust, National Association, as administrative agent (the “Term Agent”) (as amended, supplemented or otherwise modified prior to the date hereof, and including all exhibits and guarantee, security and other ancillary documentation in respect thereof, the “Term Facility”; all payment Obligations (as defined in the Term Credit Agreement), under or related to the Term Facility, collectively, the “Term Obligations”). Second Lien Notes: Those certain notes issued pursuant to the Indenture dated March 3, 2017 (the “Second Lien Indenture”), by and between Gastar, as Issuer, the Guarantors party thereto, and Wilmington Trust, National Association, as trustee and collateral agent (the “Second Lien Trustee”) (as amended, supplemented or otherwise modified prior to the date hereof, and including all exhibits and guarantee, security and other ancillary documentation in respect thereof, the “Second Lien Notes”; all payment Obligations (as defined in the Second Lien Indenture), under or related to the Second Lien Notes, collectively, the “Second Lien Obligations”).

Existing Debt” means Debt for borrowed money of each Loan Party and its Subsidiaries outstanding immediately prior to the Closing Date.

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