Payoff Documentation. The Administrative Agent shall have received customary payoff letters evidencing the repayment of all outstanding Indebtedness and the termination of all commitments under each of the Existing First Lien Term Loan Agreement and the Existing Second Lien Credit Agreement, and the release of all respective liens, if any, in connection therewith.
Payoff Documentation. Prior to the Closing, the Company shall use commercially reasonable efforts to deliver to Parent a payoff letter in form and substance reasonably acceptable to Parent with respect to each of the Company Credit Facilities (such payoff letters, the “Payoff Letters”) duly executed by the applicable agent(s) to each of the Company Credit Facilities pursuant to which such agent(s) shall agree that upon payment of the payoff amount specified in such Payoff Letter: (i) all obligations of the Company and the Company Subsidiaries arising under or related to the applicable Company Credit Facility shall be paid in full; (ii) all Liens in connection therewith shall be released; and (iii) all pledged collateral securing the outstanding obligations under the applicable Company Credit Facility shall be returned in accordance with the terms of the Payoff Letter.
Payoff Documentation. The Administrative Agent (or its counsel) shall have received payoff documentation providing evidence satisfactory to the Administrative Agent that, prior to or substantially concurrently with the Effective Date, each of the Existing Credit Agreement, the Existing Xxxxxx Precision Credit Agreement and the Existing Xxxxxx Precision Note Purchase Agreement shall be terminated and cancelled (along with all of the agreements, documents and instruments delivered in connection therewith), all Indebtedness owing thereunder shall be repaid, all liens established pursuant to the terms thereof shall be terminated, and any letters of credit issued thereunder shall be cash collateralized, supported by a letter of credit under the ABL Facility or reevidenced under the ABL Facility as an “Existing Letter of Credit”.
Payoff Documentation. Payoff documentation providing evidence satisfactory to the Administrative Agent that the Existing Credit Agreement has been terminated and cancelled (along with all of the agreements, documents and instruments delivered in connection therewith), all Indebtedness owing thereunder has been repaid, and all liens established pursuant to the terms thereof have been terminated.
Payoff Documentation. To the extent applicable to any of the Credit Parties that are not debtors in the Bankruptcy Case, Administrative Agent and Lenders receipt of customary release and pay-off letters in respect of existing indebtedness and collateral.
Payoff Documentation. The Administrative Agent shall have received evidence satisfactory to the Administrative Agent that the Existing Credit Agreement shall have been terminated and cancelled and all indebtedness thereunder shall have been fully repaid (except to the extent being so repaid with the initial Loans made on the Effective Date), all commitments in respect thereof shall have been terminated and all guarantees therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.
Payoff Documentation. The Company shall use reasonable best efforts to cause the lenders in respect of all Indebtedness for borrowed money of the Company and the Company Subsidiaries under the agreements set forth on Section 5.17 of the Company Disclosure Letter to deliver, at least three (3) Business Days prior to the Closing, a customary “payoff letter” in draft form providing, upon receipt of the applicable payoff amounts, (a) that such Indebtedness shall have been repaid in full and (b) if such Indebtedness is secured, for the release of all Liens held by or on behalf of such lenders in respect of the properties and assets of the Company and the Company Subsidiaries. ARTICLE VI
Payoff Documentation. The Administrative Agent shall have received evidence satisfactory to it that the credit facility evidenced by that certain Credit Agreement dated December 12, 2012 among the Borrower and certain of its subsidiaries, the lenders party thereto and Bank of America, N.A., as administrative agent (as amended, restated or otherwise modified prior to the Closing Date, the “Existing Credit Agreement”) has been terminated and canceled and any and all indebtedness thereunder shall have been fully repaid (except to the extent being so repaid with the proceeds of the initial Loans under this Agreement) and any and Liens thereunder have been terminated and released.
Payoff Documentation. The Buyer shall have received, with respect to the Accepted Indebtedness and any other debt set forth on Schedule 6.18 hereto (a) payoff letters from the holders of such debt confirming the total indebtedness to be paid to such holders as of the Closing Date in order to extinguish such debt and (b) UCC-3 termination statements, mortgage satisfactions and other similar documentation executed by the holders of such debt in form for filing, such documentation to be held in escrow by counsel to Buyer pending the Closing and receipt by such holders of Buyer's payoff of the Accepted Indebtedness and Stockholder's payoff of the debt set forth on Schedule 6.18 hereto.
Payoff Documentation o PAYOFF LETTERS TO THE AGENT EVIDENCING THE PAYMENT OF ALL PRINCIPAL AND INTEREST ON ANY LOANS OUTSTANDING UNDER ALL OUTSTANDING DEBT AND CREDIT FACILITIES OF THE BORROWER AND EACH OF ITS SUBSIDIARIES IDENTIFIED ON SCHEDULE 5.1 TO THE CREDIT AGREEMENT.
