Pay-Off Letters. The Companies shall cause to be delivered to Buyer customary pay-off letters (the “Pay-Off Letters”) in respect of the Payoff Indebtedness and customary lien release documents with respect to all Liens in or upon the assets or properties of the Companies or any of their Subsidiaries arising from or in connection with such Payoff Indebtedness.
Appears in 2 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement (Martin Marietta Materials Inc)
Pay-Off Letters. The Companies Prior to the Closing, the Company shall cause to be delivered to Buyer customary pay-off letters or releases, as applicable (the “Pay-Off Letters”) ), from the applicable lenders in respect of the Payoff Indebtedness and customary lien release documents with respect to all Liens in or upon the assets or properties of the Companies or any of their Subsidiaries arising from or in connection with such Payoff Indebtednessany indebtedness for borrowed money incurred by Seller or any of its Affiliates pursuant to which any of the Company’s assets or rights are subject to a Lien, including the indebtedness set forth on Schedule 1.4.
Appears in 2 contracts
Samples: Unit Purchase Agreement, Unit Purchase Agreement (Choice Hotels International Inc /De)
Pay-Off Letters. The Companies Company shall cause to be delivered deliver to Buyer customary pay-off letters (the “Pay-Off Letters”) in respect of the Payoff Indebtedness, which Pay-Off Letters shall indicate that the lenders of such Indebtedness and customary lien have agreed to release documents with respect to all Liens in or respect of such Indebtedness upon the assets or properties receipt of the Companies or any of their Subsidiaries arising from or in connection with such Payoff Indebtednessamounts indicated therein.
Appears in 1 contract
Samples: Stock Purchase Agreement (Kraton Performance Polymers, Inc.)
