Common use of Pay-Off Letters Clause in Contracts

Pay-Off Letters. The Company shall have obtained from each Person who, on or following the date of this Agreement, holds any Indebtedness that is secured by an Encumbrance, a pay-off letter in form and substance reasonably satisfactory to Parent and such other evidence as Parent may reasonably request to the effect that all such Indebtedness of the Company (including without limitation, the Credit Agreements) has been paid in full and all such Encumbrances have been fully and finally released.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Athenahealth Inc), Agreement and Plan of Merger (Irobot Corp), Agreement and Plan of Merger (Athenahealth Inc)

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Pay-Off Letters. The Company shall have obtained from each Person who, on or following the date of this Agreement, holds any Indebtedness that is secured by an Encumbrance, a pay-off letter in form and substance reasonably satisfactory to Parent and such other evidence as Parent may reasonably request to the effect that all such Indebtedness of the Company (including without limitation, the Credit Agreements) has been paid in full and all such Encumbrances have been fully and finally released.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Brightcove Inc)

Pay-Off Letters. The Company shall have obtained from each Person who, on or following the date of this Agreement, holds any Indebtedness that is secured by an Encumbrancea Lien, a pay-off letter in form and substance reasonably satisfactory to Parent and such other evidence as Parent may reasonably request to the effect that all such Indebtedness of the Company (including without limitation, the Credit Agreements) has been paid in full and all such Encumbrances Liens have been fully and finally released.

Appears in 1 contract

Samples: Asset Purchase Agreement (Brightcove Inc)

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Pay-Off Letters. The Company shall have obtained from each Person who, on or following the date of this Agreement, holds any Indebtedness that is secured by an Encumbrance, a pay-off letter in form and substance reasonably satisfactory made available to Parent and such other evidence as Parent may reasonably request prior to the effect that all such Indebtedness of the Company (including without limitation, the Credit Agreements) has been paid in full and all such Encumbrances have been fully and finally releasedClosing Date.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Irobot Corp)

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