Payout Letters definition

Payout Letters means, with respect to the Financial Indebtedness of Company (other than its Credit Card Indebtedness), letters from the holders of such Financial Indebtedness to the Company, in form and substance satisfactory to Triple Flag, acting reasonably, which, among other things: (i) set forth the full outstanding amount of such Financial Indebtedness as at the Effective Date, including any interest, break fees, and related costs; (ii) specify the wire transfer details for the payment of such amount; (iii) confirm that upon receipt of such amount, all Encumbrances and related guarantees in favour of such holder, other than Permitted Encumbrances, shall be released and discharged and all obligations of the Company in respect of such Financial Indebtedness shall be satisfied and fully released; and (iv) authorize Triple Flag and its counsel to file discharges of any registration in respect of any Encumbrances (other than Permitted Encumbrances), as the case may be;
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Payout Letters means those payout letters set out in Section 10.4(d) of the Seller Disclosure Letter.
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Payout Letters means, with respect to the Financial Indebtedness of Maverix (other than its Credit Card Indebtedness), letters from the holders of such Financial Indebtedness to Maverix, in form and substance satisfactory to Triple Flag, acting reasonably, which, among other things: (i) set forth the full outstanding amount of such Financial Indebtedness as at the Effective Date, including any interest, break fees, and related costs; (ii) specify the wire transfer details for the payment of such amount; (iii) confirm that upon receipt of such amount, all Encumbrances and related guarantees in favour of such holder, other than Permitted Encumbrances, shall be released and discharged and all obligations of Maverix in respect of such Financial Indebtedness shall be satisfied and fully released; and (iv) authorize Triple Flag and its counsel to file discharges of any registration in respect of any Encumbrances (other than Permitted Encumbrances), as the case may be.
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More Definitions of Payout Letters

Payout Letters has the meaning ascribed thereto in Section 2.16(a);
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Payout Letters means, with respect to the Credit Agreement Indebtedness, letters from the holders of the Credit Agreement Indebtedness, in form and substance satisfactory to Purchaser, acting reasonably, which, among other things: (i) set forth the full outstanding amount of the Credit Agreement Indebtedness as at the Closing Date (immediately prior to Closing), including any interest, break fees, and related costs; (ii) specify the wire transfer details for the payment of such amounts; (iii) confirm that upon receipt of such amounts, all Encumbrances and related guarantees in favour of such holder shall be released and discharged and all obligations of the Company in respect of such indebtedness shall be satisfied and fully released; (iv) authorize the Purchaser and its representatives to file discharges of any registration in respect of any Encumbrances; and (v) confirm that all obligations associated with any of the Company’s commodity xxxxxx are terminated and all obligations of the Company in respect of such commodity xxxxxx have been satisfied and fully paid.
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Payout Letters has the meaning specified in Section 6.25. “Permits” has the meaning specified in Section 4.3(o).
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Related to Payout Letters

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Management Letter means formal communications from the auditor to the client management in accordance with the International Standard on Auditing 265 (communicating deficiencies in internal control to those charged with governance and management), which is not required to be provided separately as it is equivalent to the Audit Findings and Recommendations prepared by the Project auditor and submitted to ADB;

  • Contract Letter means the letter identifying those documents which form the Contract.

  • Engagement Letter means that certain Engagement Letter, dated as of June 18, 2015, by and among the Borrower and the Arrangers.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • Investment Letter shall have the meaning specified in subsection 9.07(a).

  • Fee Letters means, collectively, (a) the Arranger Fee Letter and (b) the Administrative Agent Fee Letter.

  • Settlement Agreement means this agreement.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Retention Agreements has the meaning set forth in Section 5.11(e).

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Incentive agreement means the contract between the business

  • Appendices has the meaning ascribed to it in the recitals to the Agreement.

  • Placement Agreement means the Placement Agreement relating to the offering and sale of Capital Securities in the form of Exhibit C.

  • Term Sheet means any term sheet that satisfies the requirements of Rule 434 under the Act. Any reference herein to the "date" of a Prospectus that includes a Term Sheet shall mean the date of such Term Sheet.

  • Payment Agreement means a written agreement which provides

  • Term Sheets means any ABS Term Sheets, Structural Term Sheets and/or Collateral Term Sheets.

  • Restructuring Documents means, collectively, the documents and agreements (and the exhibits, schedules, annexes and supplements thereto) necessary to implement, or entered into in connection with, this Plan, including, without limitation, the Plan Supplement, the Exhibits, the Plan Schedules, the Amended/New Organizational Documents, the Exit Facility Loan Documents, and the Plan Securities and Documents.

  • Equity Agreements has the meaning set forth in Section 5.1.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • Investment Agreements has the meaning set forth in the Recitals.

  • Transaction Agreements means the Securities Purchase Agreement, the Debentures, the Joint Escrow Instructions, the Security Agreement, the Registration Rights Agreement, and the Warrants and includes all ancillary documents referred to in those agreements.