Release Letter Sample Clauses
A Release Letter is a formal document that confirms the release of one party from specific obligations, claims, or liabilities under an agreement. Typically, it is issued when a contract is terminated, a debt is settled, or an employee leaves a company, and it outlines the terms under which the release is granted. The core practical function of a Release Letter is to provide clear, written evidence that the released party is no longer responsible for certain duties or liabilities, thereby preventing future disputes or claims related to the released matters.
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Release Letter. If applicable, the Agent shall have received from the applicable Borrower a Warehouse Lender’s Release Letter substantially in the form of Exhibit E-2 hereto (or such other form acceptable to the Agent) or a Seller’s Release Letter substantially in the form of Exhibit E-1 hereto (or such other form acceptable to the Agent) covering each Mortgage Loan to be pledged to the Agent, for the ratable benefit of the Lenders.
Release Letter. The Lender shall have received from each Borrower a Warehouse Lender’s Release Letter substantially in the form of Exhibit E-2 hereto (or such other form acceptable to the Lender) or a Borrower’s Release Letter substantially in the form of Exhibit E-1 hereto (or such other form acceptable to the Lender) covering each Mortgage Loan to be pledged to the Lender which was previously pledged to another lender;
Release Letter. The Lender shall have received a duly executed Release Letter from KPCB signed by the parties thereto.
Release Letter. Buyer shall have received from Seller either (I) a Warehouse Lender’s Release Letter substantially in the form of Exhibit D-2 hereto (or such other form acceptable to Buyer) or (II) a Seller’s Release Letter substantially in the form of Exhibit D-1 hereto (or such other form acceptable to Buyer), covering each Eligible Transaction Asset to be sold to Buyer;
Release Letter. A release letter with respect to each Receivable, executed by each Person that has or claims to have an Adverse Claim with respect to such Receivable (including, without limitation, a release letter from each of ▇▇▇▇▇▇ Financial, Inc., Sovereign Bank and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, as agent for Autobahn Funding Company, LLC), releasing such claim, each of which shall be in form and substance satisfactory to TFC; and
Release Letter. An executed copy of the Release Letter, dated as of the date hereof.
Release Letter. A duly executed release letter from each of the holders of the Indebtedness (to the extent reasonably requested by the Buyer), specifying the amount of such Indebtedness owing to such holders required to repay in full all Indebtedness owed to each such lender (the “Release Amount”) and providing that, upon payment of such amount, all claims of such lender in and to the properties and assets of the Company Entities will be terminated and that such lender shall execute and deliver to Buyer all terminations and releases (including UCC-3 termination statements) necessary to evidence such termination and such Lien termination statements and similar releases and documents as are necessary to release or terminate any Liens on or affecting the Shares of the Company Entities or Liens (other than Permitted Liens) on or affecting the assets or properties of the Company Entities (the “Release Letters”), in each case, in form and substance reasonably satisfactory to the Buyer;
Release Letter. The Company shall have delivered to Parent a Settlement and Mutual Release Agreement executed by and between the Company and Lazard Frères & Co., LLC, in such form as is reasonably acceptable to Parent.
Release Letter. The Agent shall have received from the Seller a Warehouse Lender’s Release Letter, if applicable, substantially in the form of Exhibit D hereto (or such other form acceptable to the Agent);
Release Letter. The Agent shall have received from the Seller a Warehouse Lender’s Release Letter (as defined in the Custodial and Disbursement Agreement), if applicable, in form and substance acceptable to the Buyer or the Agent covering each Eligible Mortgage Loan to be sold to the Buyer;