By calling this covenant "new," he has made the first one obsolete; and what is obsolete and outdated will soon disappear. (NIV)
When God speaks of a new [covenant or agreement], He makes the first one obsolete (out of use). And what is obsolete (out of use and annulled because of age) is ripe for disappearance and to be dispensed with altogether. (AMP)
In that he saith, A new covenant, he hath made the first old. Now that which decayeth and waxeth old is ready to vanish away. (KJV)