This Agreement shall be deemed to restate and amend the Existing Credit Agreement in its entirety, and all of the terms and provisions hereof shall supersede the terms and conditions thereof. The parties hereto further agree that this Agreement and each Borrowing shall serve to extend, renew and continue, but not to extinguish or novate, the “Borrowings” under the Existing Credit Agreement and the corresponding promissory notes and to amend, restate and supersede, but not to extinguish or cause to be novated the Indebtedness under, the Existing Credit Agreement. The Borrower hereby agrees that, upon the effectiveness of this Agreement, the “Term Loan” made and outstanding under the Existing Credit Agreement and all accrued and unpaid interest thereon shall be deemed to be the Term Loan outstanding under and payable by this Agreement.