Prior Indebtedness. A payoff letter from Credit Suisse AG, in form and substance satisfactory to Agent, together with such Uniform Commercial Code termination statements, releases of mortgage Liens and other instruments, documents and/or agreements necessary or appropriate to terminate any Liens in favor of Credit Suisse AG securing the prior indebtedness which is to be indefeasibly paid in full on or prior to the Closing Date, as Agent may request, duly executed and in recordable form, if applicable, and otherwise in form and substance satisfactory to Agent;
Prior Indebtedness. A payoff letter from each lender of any Prior Indebtedness in form and substance reasonably satisfactory to the Agent, together with such UCC-3 termination statements, releases of mortgage Liens and other instruments, documents and/or agreements necessary or appropriate to terminate any Liens in favor of such lender securing Prior Indebtedness which is to be paid off on the Closing Date as the Agent may reasonably request, duly executed and in form and substance reasonably satisfactory to the Agent; and
Prior Indebtedness. The Administrative Agent and the Lenders shall have received and be satisfied that all prior Debt, Liens and security in connection therewith, except for Permitted Debt and Permitted Liens, have been paid in full and terminated. (12)
Prior Indebtedness. A payoff letter from any holder of Indebtedness not constituting Permitted Indebtedness, in form and substance satisfactory to Agent, together with such Uniform Commercial Code termination statements, releases of mortgage Liens and other instruments, documents and/or agreements necessary or appropriate to terminate any Liens in favor of any such holder securing the prior indebtedness which is to be indefeasibly paid in full on or prior to the Closing Date, as Agent may request, duly executed and in recordable form, if applicable, and otherwise in form and substance satisfactory to Agent;
Prior Indebtedness. Indebtedness under:
Prior Indebtedness. The Lender shall have received such payoff letters from Borrowers’ existing lenders/creditors, in form and substance satisfactory to Lender, to enable Lender to make direct payments to such lenders/creditors such that Lender will hold first liens on all Collateral, except for Permitted Liens. Borrowers shall cause all lenders/creditors, if any, who no longer have liens or security interests in Borrowers' properties, to file an appropriate termination statement of its existing UCC-1 financing statement(s) within thirty (30) days after Closing.
Prior Indebtedness. The Lender shall have received a payoff letter from Amegy Bank, in form and substance satisfactory to Lender, that at Closing: (i) Amegy Bank will accept payment in full of Borrower’s revolving credit loan Indebtedness to Amegy Bank with a principal balance of approximately $3,840,000 as described in Section 2.1(a) herein, (i) Amegy Bank will accept payment in full of Borrower’s term loan Indebtedness to Amegy Bank with a principal balance of approximately $8,750,000 as described in Section 2.1(b) herein, (ii) Amegy Bank will fully release its security interest in the Collateral related to the Amegy Bank loans referenced in Sections 2.1(a) and 2.1(b) herein and Amegy Bank will fully release its security interest in any Collateral securing any other loan Amegy Bank may have with Borrower, whether funded or unfunded as of Closing, (iii) Amegy Bank will terminate its financing statements encumbering any of the Collateral related to the Amegy Bank loans referenced in Sections 2.1(a) and 2.1(b) herein and will release any security interest in any Collateral securing any other loan Amegy Bank may have with Borrower, whether funded or unfunded as of Closing, by allowing Lender to file appropriate termination statements or amendments to existing financing statements on Amegy Bank’s behalf reflecting the release of any Collateral, and (iv) Amegy Bank will immediately close all of its credit facilities with Borrower, including those referenced in Sections 2.1(a) and 2.1(b) and other unfunded credit facilities, upon receipt of the funds from Lender. Notwithstanding the foregoing, Borrower shall cause Amegy Bank to file an appropriate termination statement, within thirty (30) days after Closing, of its existing fixture filing financing statement filed in Midland County, State of Texas, related to Amegy Bank’s unfunded construction loan described in Section 4.7 herein.
Prior Indebtedness. A payoff letter from each lender of any Prior Indebtedness in form and substance reasonably satisfactory to the Agent, together with such uniform commercial code termination statements, releases of mortgage Liens and other instruments, documents and/or agreements necessary or appropriate to terminate any Liens in favor of such lenders securing Prior Indebtedness which is to be paid off on the Closing Date as the Agent may reasonably request, duly executed and in form and substance reasonably satisfactory to the Agent;
Prior Indebtedness. The Administrative Agent shall have received evidence satisfactory to it of the termination and release of all liens and security interests in and to the Collateral which had been granted to secure the obligations of the Borrower in respect of the Indebtedness being refinanced by the Term Loans.
Prior Indebtedness. The Customer’s application for water service will not be approved and no water will be supplied to the Customer if the Customer is delinquent or indebted to the Supplier or if any adult member of the Customer’s household is indebted to the Supplier and such indebtedness was incurred while that person and the Customer were members of the same household. This applies whether the delinquency or indebtedness is incurred at the Service Location for which this Application is made or at any other Service Location. If the Customer fails to disclose to the Supplier the Customer’s prior indebtedness or the indebtedness of an adult member of the Customer’s household and the Supplier provides water service, the Supplier may discontinue water service after providing the Customer with notice of the discovery of the indebtedness and providing the Customer a reasonable period of time to pay the outstanding debt.
