Common use of Payoff Letters and Lien Releases Clause in Contracts

Payoff Letters and Lien Releases. From the date hereof until the earlier of the termination of this Agreement and the Closing Date, the Company shall use commercially reasonable efforts to deliver to the Parent customary payoff letters in connection with the repayment of the Indebtedness outstanding under the Credit Agreement in accordance with Section 2.03(f) and to make arrangements for the holders of such Indebtedness to deliver, subject to the receipt of the applicable payoff amounts, customary Lien releases to the Parent as soon as practicable after the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Brown & Brown Inc)

AutoNDA by SimpleDocs

Payoff Letters and Lien Releases. From the date hereof until the earlier of the termination of this Agreement and the Closing Date, the Company shall use commercially reasonable best efforts to deliver to the Parent customary payoff letters letters, in form and substance reasonably satisfactory to the Parent, in connection with the repayment of the Indebtedness outstanding under the Credit Agreement for borrowed money in accordance with Section 2.03(f2.02(f) and to make arrangements for the holders of such Indebtedness to deliver, subject to the receipt of the applicable payoff amounts, customary Lien releases to the Parent as soon as practicable after the ClosingParent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Proto Labs Inc)

Payoff Letters and Lien Releases. From the date hereof until the earlier of the termination of this Agreement and the Closing Date, the Company shall use commercially reasonable efforts to deliver to the Parent customary payoff letters in connection with the repayment of the Indebtedness outstanding under the Credit Agreement in accordance with Section 2.03(f2.02(f) and to make arrangements for the holders of such Indebtedness to deliver, subject to the receipt of the applicable payoff amounts, customary Lien releases to the Parent as soon as practicable after the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Par Pharmaceutical Companies, Inc.)

AutoNDA by SimpleDocs

Payoff Letters and Lien Releases. From the date hereof until the earlier of the termination of this Agreement and Prior to the Closing Date, the Company shall use commercially reasonable efforts to deliver to the Parent customary payoff letters letters, in form and substance reasonably satisfactory to Parent, in connection with the repayment of the Company Indebtedness outstanding under the Credit Agreement Facilities in accordance with Section 2.03(f3.2(f) and any other indebtedness to be repaid at Closing (the “Payoff Letters”) and to make arrangements for the holders of such Indebtedness indebtedness to deliver, subject to the receipt of the applicable payoff amounts, customary Lien releases to the Parent as soon as practicable after the upon Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!