The Borrower shall have (or substantially simultaneously with such initial extension of credit shall have) utilized the net cash proceeds of the Term Loans and the 2026 Notes to (a) repay all outstanding obligations (including accrued and unpaid interest thereon, if any) under the 2012 Credit Agreement and 2013 Credit Agreement and (b) pay all fees and expenses related thereto and any swap breakage costs (if any) resulting therefrom.
refinancings