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

Examples of Payoff Letters in a sentence

• If Parent requests the Company to deliver the Payoff Letters in the foregoing sentence, at the Closing, Parent shall repay, or cause to be repaid, on behalf of the Company and the Company Subsidiaries, the Payoff Amount(s) required to be paid at Closing in accordance with the terms of each applicable Payoff Letter.

• At least three (3) Business Days prior to the Closing, the Company shall deliver to Buyer: (a) the Debt Payoff Letters and all instruments and documents necessary to release such liens as may be reasonably required by Buyer or the Debt Financing Sources, including appropriate UCC financing statements and amendments (it being understood that such instruments and documents might be filed on the Closing Date) and (b) the Expense Invoices.

More Definitions of Payoff Letters

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

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

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.

Payoff Letters shall have the meaning set forth in Section 8.24(a) hereof.

Payoff Letters has the meaning set forth in Section 13.6.

Payoff Letters has the meaning ascribed to such term in Section 1.2(b)(ii).

Payoff Letters means the letters provided by the lenders or other holders of Indebtedness to Seller in connection with the repayment of the Indebtedness as contemplated hereby.