Common use of Payoff and Release Letter Clause in Contracts

Payoff and Release Letter. The Administrative Agent shall have received a payoff and release letter (and related UCC-3 financing statements or other discharges) with respect to the Existing Credit Agreement and all documents executed in connection therewith in form and substance satisfactory to the Administrative Agent, the Required Banks and counsel to the Administration Agent.

Payoff and Release Letter. The Administrative Agent shall have received a payoff and release letter (and related UCC-3 financing statements or other discharges) with respect to the Existing Credit Agreement and all documents executed in connection therewith in form and substance satisfactory to the Administrative AgentAgent and the Banks from Fleet National Bank, as the Required Banks prior agent, and counsel arrangements completely satisfactory to the Administration AgentBanks shall have been made by the Borrower with respect thereto; and neither the Borrower nor any other member of the Borrower Affiliated Group shall have any outstanding Indebtedness, other than as permitted by Section 6.1.

Payoff and Release Letter. The Administrative Agent ------------------------- shall have received a payoff and release letter (and related UCC-3 financing statements or other discharges) with respect to the Existing Credit Agreement and all documents executed in connection therewith in form and substance reasonably satisfactory to the Administrative Agent from First Union National Bank, as Administrative Agent, the Required Banks and counsel arrangements reasonably satisfactory to the Administration AgentBanks shall have been made by the Borrower with respect thereto.