Common use of Payoff Letter; Termination Statements Clause in Contracts

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 10 contracts

Samples: Credit Agreement (Amedisys Inc), Credit Agreement (Huttig Building Products Inc), Credit Agreement (Palace Entertainment Holdings, Inc.)

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Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Harvard Industries Inc), Credit Agreement (Recycling Industries Inc), Credit Agreement (Gibson Greetings Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letterletters, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents Credit Agreement Documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the applicable Prior Lender releasing all liens of any Prior Lender upon any of the real or personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of any Prior Lender or relating to the any Prior Lender Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Otelco Inc.), Credit Agreement (Otelco Inc.)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 UCC or other appropriate termination domestic and foreign financing statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing terminating all liens Liens of Prior Lender upon any of the personal property of each Credit PartyBorrower, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Core-Mark Holding Company, Inc.)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 UCC–3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the real or personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Brindlee Mountain Telephone Co)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to AgentTerm 2 Noteholder, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to AgentTerm 2 Noteholder, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Note Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Senior Secured Note Purchase Agreement (PAV Republic, Inc.)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Term Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Term Agent, manually signed by the each Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of any Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Video Services Corp)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letterletters or other agreements, in form and substance reasonably satisfactory to Agent, by and between all the parties to the Prior Lender Lenders' loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the applicable Prior Lender releasing all liens of such Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of each Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Applied Extrusion Technologies Inc /De)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to AgentLender, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a1) UCC-3 or other appropriate termination statements, in form and substance satisfactory to AgentLender, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b2) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit and Security Agreement (Unapix Entertainment Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens Liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Precision Partners Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Administrative Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Administrative Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to AgentAgents, by and between all parties to the Prior Lender Lenders loan documents evidencing repayment in full of all Prior Lender Lenders' Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to AgentAgents, manually signed by the Prior Lender Lenders releasing all liens of Prior Lender Lenders upon any of the personal property and real property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender Lenders or relating to the Prior Lender Lenders' Obligations.

Appears in 1 contract

Samples: Credit Agreement (510152 N B LTD)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 UCC financing change statements, discharges, releases or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing of all liens in favor of Prior Lender upon any of the personal property of each Credit PartyLenders, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Samsonite Corp/Fl)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit PartyBorrower, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (American Coin Merchandising Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance reasonably satisfactory to AgentAgents, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Filenes Basement Corp)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to in respect of the Prior Lender Lenders loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the agent for the Prior Lender Lenders, as applicable, releasing all liens of Prior Lender Lenders upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender Lenders or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Milacron Inc)

Payoff Letter; Termination Statements. Copies of a duly executed ------------------------------------- payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with providing for (a) delivery of UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each US Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Measurement Specialties Inc)

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Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 UCC–3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Analysts International Corp)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to AgentCreditor, by and between all parties to the Prior Lender loan documents Creditor Letter of Credit Documents evidencing repayment in full of all Prior Lender Creditor Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to AgentCreditor, manually signed by the Prior Lender Creditor releasing all liens of Prior Lender Creditor upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender Creditor or relating to the Prior Lender Creditor Obligations.

Appears in 1 contract

Samples: Letter of Credit Agreement (Labor Ready Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender Lenders' loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance reasonably satisfactory to Agent, manually signed by the Prior Lender Lenders releasing all liens of Prior Lender upon any of the personal property of each applicable Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (H&e Finance Corp)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents Credit Documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit PartyBorrower, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender ObligationsObligations to be repaid on the Closing Date, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender ObligationsObligations to be repaid on the Closing date.

Appears in 1 contract

Samples: Credit Agreement (Hometown Auto Retailers Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to AgentLender, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to AgentLender, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Key Tronic Corp)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (ai) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (bii) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letterletters, in form and substance reasonably satisfactory to AgentLender, by and between all parties to the each Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 UCC 3 or other appropriate termination statements, in form and substance satisfactory to AgentLender, manually signed by the each Prior Lender releasing all liens of such Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of such Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Newtek Business Services Inc)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, by and between all parties to the Prior Lender loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender releasing all liens of Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of Prior Lender or relating to the Prior Lender ObligationsObligations and (c) evidence satisfactory to Agent that all of the U.S. Bank Notes have been redeemed and that all conditions set forth in Section 8.1 of the U.S. Bank Indenture have been satisfied.

Appears in 1 contract

Samples: Credit Agreement (PAV Republic, Inc.)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letterletters, in form and substance reasonably satisfactory to Agent, by and between all parties to the any Prior Lender Lender’s loan documents evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the applicable Prior Lender releasing all liens of such Prior Lender upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of such Prior Lender or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Rowe Companies)

Payoff Letter; Termination Statements. Copies of a duly executed payoff letter, in form and substance reasonably satisfactory to Agent, executed by and between all parties to the Prior Lender loan documents Agent evidencing repayment in full of all Prior Lender Obligations, together with (a) UCC-3 or other appropriate termination statements, in form and substance satisfactory to Agent, manually signed by the Prior Lender Agent releasing all liens of the Prior Lender Agent upon any of the personal property of each Credit Party, and (b) termination of all blocked account agreements, bank agency agreements or other similar agreements or arrangements or arrangements in favor of the Prior Lender Agent or relating to the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (American Lawyer Media Holdings Inc)

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