Payoff Indebtedness definition
Payoff Indebtedness has the meaning set forth in Section 3.02.
Payoff Indebtedness means the Indebtedness of the parties required by its terms to be repaid in connection with the consummation of the Transactions pursuant to the Contracts set forth on Schedule 2.25 (or Contracts for Indebtedness incurred after the date hereof in accordance with the terms hereof to the extent such Indebtedness was incurred to refinance the Indebtedness evidenced by the Contracts set forth on Schedule 2.25).
Payoff Indebtedness means that certain Indebtedness of Panadero Corp and its Subsidiaries as of the close of business on the day immediately preceding the Closing Date, as set forth in the payoff letters delivered pursuant to Section 1.4.
Examples of Payoff Indebtedness in a sentence
The Company shall use reasonable best efforts to (a) deliver to the Purchaser two (2) Business Days prior to the Closing Date the Payoff Letters, (b) make arrangements for such holders of the Payoff Indebtedness to deliver, subject to the receipt of the applicable Payoff Amounts, all related lien releases to the Purchaser as soon as practicable after the Closing, and (c) deliver to the Purchaser two (2) Business Days prior to the Closing Date the Transaction Expense Invoices.
More Definitions of Payoff Indebtedness
Payoff Indebtedness means Indebtedness under (a) that certain Credit Agreement, dated as of November 27, 2013, by and among Bank of America, N.A., as the agent, the lenders party thereto, ▇▇▇▇▇, LLC as the “Borrower”, and the other parties thereto, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time until the date that is immediately prior to the Closing Date and (b) that certain Term Loan Agreement, dated as of November 27, 2013, among ▇▇▇▇▇, LLC and ▇▇▇▇▇ Intermediate Holding, LLC, each as “Borrowers”, ▇▇▇▇▇ Holding Corp., as “Holdings”, Bank of America, N.A., as the agent, the lenders party thereto, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time until the date that is immediately prior to the Closing Date.
Payoff Indebtedness means Indebtedness under that certain Credit Agreement, dated as of August 21, 2018, by and among Crystal Financial LLC (d/b/a SLR Credit Solutions), as the agent, the lenders party thereto, ▇▇▇▇▇, LLC as the “Borrower”, and the other parties thereto, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time until the date that is immediately prior to the Closing Date.
Payoff Indebtedness means all Indebtedness of the Company and its Subsidiaries (a) with respect to the Company Credit Agreement or (b) designates as “Payoff Indebtedness” by the Company pursuant to Section 5.1(f).
Payoff Indebtedness means all Indebtedness for borrowed money of the Company as of the close of business on the day immediately preceding the Closing Date as set forth in the Pay-Off Letters delivered pursuant to Section 1.4.
Payoff Indebtedness has the meaning set forth in Section 2.03(a)(vii).
Payoff Indebtedness means any “Indebtedness” that is referenced in clauses (a) and (b) of such definition.
Payoff Indebtedness means (i) the Indebtedness of the Acquired Companies and their Subsidiaries described in clauses (a), (b), (c), (d), (g), (h) and (j) of the above definition of “Indebtedness” and (ii) amounts constituting intercompany accounts payable owing from the LLC to the Corporation, in each case, which shall be repaid in full and extinguished at or prior to the Closing.