Common use of Payoff Letters Clause in Contracts

Payoff Letters. The Seller shall have delivered to the Purchaser satisfactory payoff letters (the “Payoff Letters”) evidencing that the Closing Date Indebtedness shall be repaid in full by such disbursement of a portion of the Purchase Price.

Appears in 2 contracts

Samples: Asset Purchase Agreement (ExamWorks Group, Inc.), Asset Purchase Agreement (ExamWorks Group, Inc.)

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Payoff Letters. The Seller Company shall have delivered to the Purchaser satisfactory payoff letters (the “Payoff Letters”) evidencing that the borrowed money portion of the Closing Date Indebtedness shall be repaid in full by such disbursement of a portion of the Purchase Price.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (ExamWorks Group, Inc.)

Payoff Letters. The Seller Shareholders shall have delivered delivered, or caused to be delivered, to the Purchaser satisfactory payoff letters (the “Payoff Letters”) ), reasonably satisfactory to the Purchaser, evidencing that the Closing Date Indebtedness shall be repaid in full by such disbursement of a portion of the Purchase Price, including a Payoff Letter for the Company’s line of credit.

Appears in 1 contract

Samples: Stock Purchase Agreement (Versar Inc)

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Payoff Letters. The Seller Company shall have delivered to the Purchaser satisfactory payoff letters satisfactory to the Purchaser and its lenders (the “Payoff Letters”) evidencing the outstanding amount of the Closing Date Indebtedness and that the such Closing Date Indebtedness shall be repaid in full by such disbursement of a portion the disbursements of the Purchase Priceamounts set forth in such Payoff Letters.

Appears in 1 contract

Samples: Stock Purchase Agreement (ExamWorks Group, Inc.)

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