Common use of Payoff of Company Debt Clause in Contracts

Payoff of Company Debt. The Shareholders shall have delivered to Buyer "payoff" letters from the Company's creditors, and Buyer shall be satisfied that the obligation amounts set forth in such payoff letters have been paid in full by the Company.

Appears in 5 contracts

Samples: Stock Acquisition Agreement (Brown & Brown Inc), Stock Acquisition Agreement (Brown & Brown Inc), Stock Acquisition Agreement (Brown & Brown Inc)

AutoNDA by SimpleDocs

Payoff of Company Debt. The Shareholders shall have delivered to Buyer "payoff" letters from the Company's Companies' creditors, and Buyer shall be satisfied that the obligation amounts set forth in such payoff letters have been paid in full by the CompanyCompanies.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Brown & Brown Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.