Common use of Prior Indebtedness Clause in Contracts

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. A payoff letter from each lender of any holder of Prior Indebtedness not constituting Permitted Indebtedness, in form and substance reasonably satisfactory to Agent, together with such Uniform Commercial Code 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 lenders securing the prior indebtedness Prior Indebtedness which is to be indefeasibly paid in full off substantially concurrently with the initial funding of the Loans on or prior to the Closing Date, Date as Agent may reasonably request, duly executed and in recordable form, if applicable, and otherwise in form and substance reasonably satisfactory to Agent;

Prior Indebtedness. A payoff letter from each lender of any holder of Indebtedness not constituting Permitted Prior 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 and./or agreements necessary or appropriate to terminate any Liens in favor of any such holder lenders securing the prior indebtedness Prior Indebtedness which is to be indefeasibly paid in full on or prior to the Closing Date, as Agent may requestrequested, duly executed and in recordable form, if applicable, and otherwise in form and substance satisfactory to Agent;