Common use of Pay-Off Letters Clause in Contracts

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.

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.