Common use of Payoff Letters and Releases Clause in Contracts

Payoff Letters and Releases. Acquiror Company shall have delivered to the Company such pay-off letters and releases relating to liabilities of Acquiror Company as the Company shall request, in form and substance satisfactory to the Company, including, but not limited to: (i) any agreement with any third parties under which Acquiror Company has a payment obligation (whether in cash or in kind); (ii) any notes payable of Acquiror Company as at the Closing Date; and (iii) any auditor, transfer agent and Xxxxx xxxxx invoices.

Appears in 2 contracts

Samples: Share Exchange Agreement (JINHAO MOTOR Co), Share Exchange Agreement (China Chemical Corp.)

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Payoff Letters and Releases. The Acquiror Company shall have delivered to the Company such pay-off payoff letters and releases relating to liabilities of the Acquiror Company as the Company shall request, in form and substance satisfactory to the Company, including, but not limited to: (i) any agreement with any third parties under which the Acquiror Company has a payment obligation (whether in cash or in kind), including in respect of any guarantees; (ii) any notes payable of the Acquiror Company as at the Closing Date; and (iii) any auditor, transfer agent and Xxxxx xxxxx invoices.

Appears in 1 contract

Samples: Share Exchange Agreement (Birch Branch Inc)

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Payoff Letters and Releases. The Acquiror Company shall have delivered to the Company such pay-off payoff letters and releases relating to liabilities of the Acquiror Company as the Company shall request, in form and substance satisfactory to the Company, including, but not limited to: (i) any agreement with any third parties under which the Acquiror Company has a payment obligation (whether in cash or in kind), including in respect of any guarantees; (ii) any notes payable of the Acquiror Company as at the Closing Date; and (iii) any auditor, transfer agent and Xxxxx xxxxx EXXXX filing invoices.

Appears in 1 contract

Samples: Share Exchange Agreement (BTHC XV, Inc.)

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