Indebtedness; Release of Liens. On or prior to the Closing Date, Stealth Maritime shall cause all of the Owner's bank debt relating to the Vessel to be extinguished. On or prior to the Closing Date, Stealth Maritime shall have caused to be released any mortgage,
Indebtedness; Release of Liens. Purchaser shall have received evidence, in form and substance reasonably satisfactory to the Purchaser, that all Liens affecting the Business and the Assets, other than Permitted Liens, have been released;
Indebtedness; Release of Liens. The Seller Parties shall have delivered to the Purchaser payoff letters from each lender to the Indebtedness outstanding as of the Closing Date (including any interest accrued thereon and any prepayment or similar penalties and expenses associated with the prepayment of such Indebtedness on the Closing Date) and an agreement that, if such aggregate amount so identified is paid to such lender on the Closing Date, such Indebtedness shall be repaid in full and that all associated Liens, if any, affecting any real or personal property of the Seller will be released;
Indebtedness; Release of Liens. The Goldsboro Parties shall have delivered to the Purchaser payoff letters ("Payoff Letters") from each lender to the Butterball Closing Date Indebtedness outstanding as of the Closing Date (including any interest accrued thereon and any prepayment or similar penalties and expenses associated with the prepayment of such indebtedness on the Closing Date) and an agreement that, if such aggregate amount so identified is paid to such lender on the Closing Date, such indebtedness shall be repaid in full and that all Liens of such lender affecting any real or personal property of the Company or any of its Subsidiaries will be released.
Indebtedness; Release of Liens. On or prior to the Closing Date, Seller shall (i) extinguish or cause to be extinguished, as the case may be, (A) all Indebtedness of the Company, (B) all guarantees by the Company of any Indebtedness of Seller and any Affiliate of Seller (other than the Company), and (C) all Liens encumbering the Company or any of the Company’s assets and properties, other than Permitted Liens, and (ii) terminate all Contracts between the Company on the one hand and Seller or any officer, director or Affiliate (other than the Company or Q-Med Ireland) of Seller, on the other hand (other than the Transaction Documents or any agreements executed and delivered in connection with the ROW Reorganization), in each case without any Liability to the Company and otherwise on terms reasonably satisfactory to Buyer.
Indebtedness; Release of Liens. The Company shall have delivered to Buyer payoff letters (“Payoff Letters”) from each lender to the Indebtedness of the Company and the Company Subsidiaries evidencing the aggregate amount of such Indebtedness outstanding as of the Closing Date (including any interest accrued thereon and any prepayment or similar penalties and expenses associated with the prepayment of such Indebtedness on the Closing Date) and an agreement that, if such aggregate amount so identified is paid to such lender on the Closing Date, such Indebtedness shall be repaid in full and that all Liens affecting any real or personal property of the Company or the Company Subsidiaries will be released; and
Indebtedness; Release of Liens. The Company shall have delivered to Buyer payoff letters in customary form from each lender of the Indebtedness described in Section 5.10(c)(vi) evidencing the aggregate amount of such Indebtedness outstanding as of the Closing Date (including any interest accrued thereon and any prepayment or similar penalties and expenses associated with the prepayment of such Indebtedness on the Closing Date) and including an agreement that, if such aggregate amount so identified is paid to such lender on the Closing Date, such Indebtedness shall be repaid in full and all commitments thereunder shall automatically terminate and that all Liens with respect to any assets or real or personal property of any Group Company will be released and discharged.
Indebtedness; Release of Liens. The Company shall have delivered to the Purchaser payoff letters (“Payoff Letters”) from each lender to the Indebtedness (excluding Surviving Indebtedness) evidencing the aggregate amount of such Indebtedness outstanding as of the Closing Date (including any interest accrued thereon and any prepayment or similar penalties and expenses associated with the prepayment of such Indebtedness on the Closing Date) and an agreement that, if such aggregate amount so identified is paid to such lender on the Closing Date, such Indebtedness shall be repaid in full and that all Liens affecting any real or personal property of the Company or any of its Subsidiaries will be released, and at the Closing Time the Company and its Subsidiaries shall have no other outstanding Indebtedness (other than Surviving Indebtedness).
Indebtedness; Release of Liens. (a) Prior to the Closing Date, all Indebtedness of the Company and any guarantees of such Indebtedness shall be extinguished.
(b) Prior to the Closing Date, the Company shall have caused to be released all Liens in and upon any of the properties and assets of the Company.
Indebtedness; Release of Liens. The Seller and the Company shall have delivered to the Buyer payoff letters (“Payoff Letters”) from each lender of the Indebtedness of the Company (other than Affiliate Loans, which will be paid pursuant to Section 5.19) outstanding as of the Closing Date (including any interest accrued thereon and any prepayment or similar penalties and expenses associated with the prepayment of such Indebtedness on the Closing Date) and an agreement that, if such aggregate amount so identified is paid to such lender on the Closing Date, such Indebtedness shall be repaid in full and that all Liens affecting any real or personal property of the Company will be released.
