Payoff Letters; Invoices. (a) Seller shall deliver to Purchaser on or prior to the Closing executed payoff letters in customary form reasonably satisfactory to Purchaser (the “Payoff Letters”) in respect of all Indebtedness for borrowed money of the Group Companies that is outstanding immediately prior to the Closing, if any (the “Payoff Debt”), and shall make arrangements for such holders of such Indebtedness to deliver to Purchaser at or as soon as practicable after the Closing all Lien release documents with respect to all related Liens in or upon the assets or properties of the Group Companies to be released upon the repayment of such Indebtedness.
Payoff Letters; Invoices. (a) The Company shall deliver to Purchaser on or prior to the Closing executed payoff letters in customary form from the holders of Indebtedness set forth in Section 7.4 of the Disclosure Schedule (such holders, the "Payoff Persons") in respect of all such Indebtedness, and shall make arrangements for such holders of such Indebtedness to deliver to Purchaser at or as soon as practicable after the Closing all Lien release documents with respect to all related Liens in or upon the assets or properties of the Company and its Subsidiaries to be released upon the repayment of such Indebtedness.
Payoff Letters; Invoices. The Company shall have received and delivered to the Buyer (i) the Payoff Letters in form and substance reasonably acceptable to the Buyer with respect to the payment of the Credit Facility Payoff Amount and the release of all Encumbrances, in each case, related thereto and (ii) invoices from each third party entitled to receive any payment of Closing Company Expenses.
