Payoff Letters definition

Payoff Letters has the meaning set forth in Section 6.6.

Payoff Letters has the meaning set forth in Section 3.2(a)(i).

Payoff Letters shall have the meaning set forth in Section 4.2(a)(x).

Examples of Payoff Letters in a sentence

• Purchaser having received the Debt Certificate and the Payoff Letters.

• The Company shall cause the Payoff Letters to be updated, as necessary, on the Closing Date.

• The Company will have delivered to Buyer (a) the Payoff Letters, duly executed by the applicable holders of Closing Indebtedness to be paid at Closing, and (b) any other customary applicable releases, termination statements or other similar documentation (to the extent not included in the Payoff Letters), releasing and terminating any and all Liens (other than Permitted Liens), relating to borrowed money of the Company, in each case, in form and substance reasonably satisfactory to Buyer.

• Except as otherwise contemplated by the Pay-off Letters, the Company shall take all actions necessary such that all Encumbrances on assets of the Company shall be released prior to or simultaneously with the Closing.

• After giving effect to the Closing and the payment of all Closing Indebtedness set forth in Payoff Letters delivered to Acquiror prior to the Closing, the Company will have no Indebtedness, and each holder of any Indebtedness of the Company will have no rights in respect of such Indebtedness.

More Definitions of Payoff Letters

Payoff Letters has the meaning set forth in Section 1.02(c).

Payoff Letters has the meaning set forth in Section 7.2(h).

Payoff Letters has the meaning set forth in Section 13.6.

Payoff Letters shall have the meaning set forth in Section 5.14(c).

Payoff Letters has the meaning set forth in Section 2.04(a)(ix).

Payoff Letters is defined in Section 2.6(b)(iii).

Payoff Letters means the payoff letters from each of the holders of Closing Indebtedness for borrowed monies to be paid at Closing, indicating in such payoff letter that, upon payment of a specified amount, the amount of such Closing Indebtedness owed or owing to the holder of Closing Indebtedness thereunder shall be fully paid and discharged, with no further obligations or Liabilities of the Company or the Business in respect thereof, and that all Liens in respect of such Closing Indebtedness shall be released upon payment of the amount set forth in such Payoff Letter.