Pay-Off Letters definition

Pay-Off Letters has the meaning set forth in Section 1.6.2.

Pay-Off Letters means each payoff letter in respect of the Pay-Off Indebtedness, in form and substance reasonably satisfactory to the Administrative Agent.

Pay-Off Letters means the letters, and any updates thereto, to be sent by each of the Company’s lenders or debt holders under the Loan Agreements to Parent prior to Closing, which letters shall be in form and substance reasonably satisfactory to Parent and shall specify the aggregate amount of Debt that will be outstanding as of the Effective Time under each Loan Agreement and wire transfer information for each such lender or debt holder to be paid at Closing.

Examples of Pay-Off Letters in a sentence

• The Pay-Off Letters shall include the full repayment of all amounts due under clause (i) of the definition of Funded Indebtedness.

• CONDITIONS PRECEDENT TO OBLIGATIONS OF LIFEPOINT SUB AND THE JOINT VENTURE 38 7.1. Compliance with Representations and Covenants 39 7.2. Consents 39 7.3. Governmental Approvals 39 7.4. Action/Proceeding 39 7.5. Closing Documents 39 7.6. Material Adverse Changes 39 7.7. Insurance 39 7.8. Title and Survey 40 7.9. Pay-Off Letters; Releases 40 7.10.

• Buyer shall repay, or cause to be repaid, on behalf of the Group Companies, all amounts necessary to discharge fully the then-outstanding balance of the Indebtedness to be repaid at the Closing as set forth in the Pay-Off Letters, by wire transfer of immediately available funds to the account(s) designated in such Pay-Off Letters.

• At Closing, Buyer shall also pay the Indebtedness Amount included in the calculation of the Estimated Adjustment Amount, in such amounts and to such accounts, and as set forth in the Pay-Off Letters.

• At or prior to the Closing, the Company shall have received and delivered to Buyer the Pay-Off Letters.

More Definitions of Pay-Off Letters

Pay-Off Letters has the meaning set forth in Section 1.4.

Pay-Off Letters shall have the meaning set forth in Section 2.10(b)(v). 13

Pay-Off Letters has the meaning set forth in Section 2.02(c)(iv).

Pay-Off Letters has the meaning set forth in Section 7.2(g).

Pay-Off Letters has the meaning provided such term in Section 7.2(i).

Pay-Off Letters means those certain letters, in form and substance reasonably satisfactory to Bank, from Old Lenders respecting the amount necessary to repay in full all of the obligations of Borrower owing to Old Lenders and obtain a termination or release of all of the Liens existing in favor of Old Lenders in and to the Assets of Borrower.

Pay-Off Letters shall have the meaning set forth in Section 2.3(a).