Debt Payoff Letters has the meaning set forth in Section 6.04(a)(x).
Debt Payoff Letters has the meaning set forth in Section 2.3(b)(iii).
Debt Payoff Letters means a payoff letter, in form and substance reasonably satisfactory to Buyers, from each lender of Third-Party Debt setting forth (i) the aggregate amount, including interest, breakage costs, prepayment penalties, and other fees, required to be paid to satisfy fully all Third-Party Debt owed to such lender and (ii) wire transfer instructions for such lender. Each Debt Payoff Letter shall provide for the release and termination of all Liens, recourse and other obligations associated with the Third-Party Debt that is the subject of such Debt Payoff Letter upon receipt of the amount specified in such Debt Payoff Letter to be paid on the Closing Date.
Examples of Debt Payoff Letters in a sentence
The Rights Offering will be open to, as of a specified record date, all eligible holders of Allowed DIP Claims who execute the RSA by November 3, 2020 (collectively, the “Eligible Holders”).
The Company shall negotiate Debt Payoff Letters for all Funded Indebtedness.
The Company shall negotiate Debt Payoff Letters for all Payoff Indebtedness.
Many of the clients consuming our sponsorship products have been doing so for a number of years and we have been able to build strong strategic relationships with these companies.
The Company shall have delivered to Buyer the Company Debt Payoff Letters and the Shareholder Loan Payoff Letters, and all Encumbrances set forth on Schedule 7.9 shall have been released or otherwise terminated upon payment of the amounts set forth in such payoff letters.
More Definitions of Debt Payoff Letters
Debt Payoff Letters is defined in Section 2.5(a)(vii).
Debt Payoff Letters means the payoff letters and guarantee release agreements duly executed by each holder or counterparty of Indebtedness set forth on Section 1.03(b)(ii) of the Disclosure Schedule, together with related lien release instruments and agreements, each in form and substance reasonably acceptable to Purchasers, in which the payee shall agree that upon payment of the amount specified in such payoff letter: (i) all outstanding obligations of the Company and its Subsidiaries arising under or related to the applicable Indebtedness shall be repaid, discharged and extinguished in full; (ii) all Liens in connection therewith shall be released; (iii) the payee shall take all actions reasonably requested by Purchasers to evidence and record such discharge and release as promptly as practicable; and (iv) the payee shall return to the Company and its Subsidiaries all instruments evidencing the applicable Indebtedness (including all notes) and all collateral securing the applicable Indebtedness.
Debt Payoff Letters means payoff letters, each in form and substance reasonably acceptable to Purchaser, from each lender of a Third-Party Loan setting forth (i) the Debt Payoff Amount and (ii) wire transfer instructions for such lender. Each Debt Payoff Letter shall provide for the release and termination of all Liens (including the return of any possessory collateral), further assurances from the lender to effectuate the foregoing, and the termination of recourse and other obligations associated with the Third-Party Loan that is the subject of such Debt Payoff Letter upon receipt of the amount specified in such Debt Payoff Letter to be paid on the Closing Date.
Debt Payoff Letters means pay-off letters, releases and Lien discharges (or agreements therefor) with respect to Indebtedness as identified on Schedule 3.19 and any hedging contracts entered into in connection therewith and other Indebtedness for borrowed money (the “Payoff Indebtedness”), duly executed by each creditor with respect thereto, each in form and substance reasonably satisfactory to the Buyer, in which the payee shall agree that upon payment of the amount specified in such payoff letter: (1) all outstanding obligations of the Company arising under or related to the applicable Payoff Indebtedness shall be repaid, discharged and extinguished in full; (2) all Liens in connection therewith shall be released on the Closing Date upon receipt of the requisite payoff amounts; (3) the payee shall take all customary actions to evidence and record such discharge and release as promptly as practicable; and (4) the payee shall return to the Company all instruments evidencing the applicable Payoff Indebtedness (including all notes) and all collateral including consisting of certificated securities securing the applicable Payoff Indebtedness.
Debt Payoff Letters as set forth in Section 7.12.1(g).
Debt Payoff Letters is defined in Section 2.4(a)(v).
Debt Payoff Letters means customary payoff letters, with respect to all Indebtedness (other than with respect to the Pre-Closing Tax Liability Amount and Indebtedness to remain in place as indicated on Section 4.7(c) of the Disclosure Schedule), executed by the holder of such Indebtedness and evidencing, upon receipt of the amounts set forth in such payoff letter, the (a) payoff of all such Indebtedness, (b) termination of all loan and collateral documentation evidencing such Indebtedness, and (c) release of all Encumbrances securing such Indebtedness.