Examples of Payoff Debt in a sentence
At the Closing, the Company shall terminate, or cause to be terminated, the definitive documentation relating to, and all obligations (other than such obligations which customarily survive such payoff), commitments, guarantees and liens in respect of, the Payoff Debt (such termination, together with such payments as are required by Section 2.5(a)(iv), the “Closing Payoff”).
At the Closing, Purchaser shall deliver to Seller an aggregate number of shares of Parent Preferred Stock equal to the quotient obtained by dividing (i) (A) the product of 4.0 and the TTM EBITDA (B) less the Closing Payoff Debt, by (ii) the Common Stock Price (rounded to the nearest whole share of Parent Preferred Stock) (such shares, the “Initial Closing Payment”).
The 1993 Davis attack, together with the 2001 Davis Case reported opinion, put Executive Branch officials, including the Defendants from 2007 to May 3, 2009, on notice that substantial remedial measures were necessary to avoid further unconstitutional restraints in Massachusetts State institutions of the type that were implemented upon Jason Davis on August 12, 1993 but this notice was ignored and no such remedial measures were implemented as of date (May 4, 2009) when Joshua K.
All payoff and release letters in a form reasonably acceptable to the Majority Buyer (the “Payoff Letters”) from the holders (or their authorized agents) of the Payoff Debt that reflect the amounts (the “Payoff Amounts”) required in order to pay in full all Payoff Debt.
At least two (2) Business Days prior to the Closing Date, the Company shall deliver to Buyer a customary payoff letter (the “ Payoff Letter ”), in customary form and substance, from the lenders(s) under the Credit Facility specifying the amount necessary to discharge and fully repay the Closing Payoff Debt attributable to the Credit Facility and providing for release of all Liens under and securing the Credit Facility upon payment made in compliance therewith.