BANK LETTER Sample Clauses
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BANK LETTER. The Purchaser shall have delivered to the Company a “comfort” letter from a financial institution, in a form reasonably acceptable to the Company, which states, in relevant part, that the sole stockholder of the Purchaser has on deposit with such financial institution funds sufficient to pay the applicable Exercise Price (as defined in the First Warrant) on behalf of the Purchaser.
BANK LETTER. The Seller shall have delivered to the Purchaser a letter from a commercial bank having assets of at least $50 billion, in the form attached hereto as Exhibit 7.02(f).
BANK LETTER. OHAWB shall have received a statement substantially in the form of EXHIBIT 5 attached hereto and incorporated herein by reference, executed by AmSouth Bank ("AMSOUTH"), Response's lead lender for the Receivables Line ("RESPONSE ACCOUNTS RECEIVABLE LOAN"), on its own behalf and on behalf of all other lenders who have participated in the Response Accounts Receivable Loan, stating each of the following:
(i) it has received reviewed and approved this Agreement;
(ii) subject to assignment of the Non-Medicare Accounts Receivable and grant by OHAWB of a first priority security interest in the proceeds of the Medicare Accounts Receivable, it releases any claims against OHAWB and OHAWB's Representatives (as defined in SECTION 7(A) below) and all liens or encumbrances against the assets of OHAWB, other than the Accounts Receivable arising prior to the Closing Date;
(iii) it acknowledges that the AmSouth acknowledgment and estoppel letter shall constitute a release of all liens and encumbrances against the assets to be acquired by OHAWB, as set forth in this Agreement, other than the Accounts Receivable arising prior to the Closing Date; and
(iv) its commitment to execute and deliver such releases, satisfactions, and termination statements, as shall be necessary to release or discharge any liens against the assets of OHAWB created or arising in connection with the Response receivables loan that relate to the Accounts Receivable arising after the Closing Date.
BANK LETTER. A letter from National Westminster Bank confirming that it will release its lien on Sellers' property and a Certificate of Non-Crystalisation.