Payout Letter Sample Clauses

Payout Letter. Concurrently with the closing of the transaction of this Agreement, the Holder will deliver to the Holder a payout letter substantially in the form attached as Schedule C hereto pursuant to which, effective upon Closing, the Holder will irrevocably and unconditionally agree that all amounts owing by the Owner to the Holder of any nature under the Promissory Notes (including principal, interest, penalties, fees, and any other charges or liabilities) have been paid in full and such promissory notes shall terminate and be of no further force or effect (the “Payout Letter”).
Sample 1
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Payout Letter. The Administrative Agent shall have received a ------------- payout letter from each "Lender" or from the -190-
Sample 1
Payout Letter. The Payout Letter in respect of the Credit Facility shall have been delivered to the Purchaser.
Sample 1
Payout Letter. The payout letter No. …….. dated ……as Xxxxx XX is the integral part of Arbitral Award Escrow Account Agreement.
Sample 1
Payout Letter. The payout letter No. …….. dated ……as Annex IV is the integral part of Arbitral Award Escrow Account Agreement.
Sample 1
Payout Letter. Promptly upon the repayment in full of the Obligations, the Lender agrees and undertakes to enter into, execute and deliver to the Borrower and the other Borrower Entities an instrument substantially in the form of the payout letter attached as Schedule 10.09 hereto, confirming that all debts, liabilities and obligations of the Borrower Entities to the Lender under or in connection with this Agreement, the Guarantee and the other Loan Documents, have been paid, satisfied and released. All covenants and obligations of the Borrower Entities under this Agreement, the Guarantees and the other Loan Documents will terminate upon repayment in full of all principal and interest and any other amounts then outstanding under this Agreement. IN WITNESS WHEREOF the parties have executed this Agreement. BORROWER: Address: 0000 Xx. Xxxxxxx Xxxx. West West Tower, Suite 400 Longueuil, Québec J4K 5G4 Attention: Vice President, Finance and Chief Financial Officer Facsimile No.: 000-000-0000 STORNOWAY DIAMOND CORPORATION By: “Zara Xxxxx” Name: Zara Xxxxx Title: Vice-President, Finance & CFO LENDER: Address: 000, xxx xx Xx Xxxxxxxxxxx Ouest bureau 1500 Xxxxxxxx, Xxxxxx X0X 0X0 Attention: Vice-President, Legal Affairs and Corporate Secretary Facsimile No.: 000-000-0000 DIAQUEM INC. By: “Xxxxxxx Xxxxx” Name: Xxxxxxx Xxxxx Title: PoA By: “Xxxx Xxxxxxx” Name: Xxxx Xxxxxxx Title: PoA See attached. SCHEDULE 1.1(a) EXISTING ENCUMBRANCES PERMITTED ENCUMBRANCES AGAINST MINING LEASE AND MINING CLAIMS Name of Secured Party and Underlying Document Registration Particulars Diaquem Inc. (Diaquem) Deed of Hypothec executed before Mtre Xxxx Xxxxxx, Notary on April 1, 2011 under her minute number 251, between Stornoway Diamonds (Canada) Inc. / Les Diamants Stornoway (Canada) Inc. and Diaquem Inc. 1. Register of Personal and Movable Real Rights under number 11- 0218278-0001; Public Register of Real and Immovable Mining Rights under number 53890 and an additional registration was made at the Public Register of Real and Immovable Mining Rights in order to register Diaquem’s hypothec over claim CDC2388520 under number 55300. Register of Real Rights of State Resource Development in the registration division of Sept-Îles under numbers 19 051 767 (against land files 96-A-2361 to 96-A-2384) and under numbers 20 221 887 and 20 229 783 against land file numbers 96-A-2409 to 96-A-2574 and 96-A-2576 to 96-A-3256.
Sample 1

Related to Payout Letter

  • Investment Letter Without limiting the generality of Section 4.1, unless the offer and sale of any shares of Warrant Stock shall have been effectively registered under the Securities Act, the Company shall be under no obligation to issue the Warrant Stock unless and until the Holder shall have executed an investment letter in form and substance satisfactory to the Company, including a warranty at the time of such exercise that the Holder is acquiring such shares for its own account, for investment and not with a view to, or for sale in connection with, the distribution of any such shares.

  • Commitment Letter Provide all items and pay all amounts required by the Commitment Letter. If any term of the Commitment Letter shall conflict with the terms of this Agreement, this Agreement shall govern and control. As to any matter contained in the Commitment Letter, and as to which no mention is made in this Agreement or the other Loan Documents, the Commitment Letter shall continue to be in effect and shall survive the execution of this Agreement and all other Loan Documents.

  • Management Letters Promptly after the receipt thereof by any Company, a copy of any “management letter” received by any such person from its certified public accountants and the management’s responses thereto;

  • Modifications to the Award Agreement This Award Agreement constitutes the entire understanding of the parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units.

  • Settlement Agreement Respondent understands that Respondent has the right to a formal adjudicatory hearing concerning this matter and that at said hearing Respondent would possess the right to confront and cross-examine witnesses, to call witnesses, to present evidence, to testify on Respondent’s own behalf, to contest the allegations, to present oral argument, and to appeal to the courts. Further, Respondent fully understands the nature, quality, and dimensions of these rights. Respondent understands that by signing this Settlement Agreement,

  • Letter Agreement The Company shall have entered into the Letter Agreement on terms satisfactory to the Company.

  • Offer letter This Agreement supersedes the terms and conditions contained in any correspondence relating to the subject matter of this Agreement exchanged between any Finance Party and the Borrower or their representatives prior to the date of this Agreement.

  • Post-Closing Agreement Administrative Agent shall have received an executed and delivered post-closing agreement (the “Post-Closing Agreement”) with respect to certain post-closing undertakings by the Credit Parties.

  • Plan Document Acknowledgement By accepting the Award, the Participant acknowledges that the Participant has received a copy of the Plan and the Agreement and has reviewed the Plan and the Agreement, including the Appendix, in their entirety and fully understands and accepts all provisions of the Plan and the Agreement, including the Appendix. The Participant further acknowledges that the Participant has read and specifically and expressly approves the following sections of the Agreement: Section 2: Restricted Stock Units Awarded; Section 3: Vesting; Section 4: Termination of Employment; Section 7: Clawback;; Section 10: Representations and Warranties of Participant; Section 11 : Responsibility for Taxes; Section 13: Notice; Section 14: Governing Law and Choice of Venue; Section 15: Electronic Transmission and Participation; Section 16: Country-Specific Provisions; and Section 17: Imposition of Other Requirements.

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