Release Letters means letters from each of the Incumbent Lenders pursuant to which such Incumbent Lender agrees to release any interest in the Financed Equipment, in each case, in form and substance acceptable to Lender. “Secondary Equipment” is leasehold improvements, intangible property including computer software and software licenses, equipment specifically designed or manufactured for Borrower, limited use property and other similar property (it being understood that, for purposes of this definition, equipment that is not specifically designed or manufactured for Borrower, but which is utilized by Borrower to assemble equipment that is specific to its business, shall not be deemed to be Secondary Equipment).

Release Letters means letters from each of the Incumbent Lenders and KPCB, in its capacity as agent for the Convertible Lenders, pursuant to which each of the Incumbent Lenders and KPCB, on behalf of the Convertible Lenders, agrees to release any interest in the Financed Equipment, in each case, in form and substance acceptable to Lender.

Examples of Release Letters in a sentence

Player Commitment and Release Letters for more details and requirements.
PlayerCommitment and Release Letters for more details and requirements.
It includes the study of nature and meaning of the universe (Oxford English Dictionary, 2006).
All five records documented the Request for Release Letters, PRNs, and copies of the program’s Release Discharge Summaries were submitted to the judge within three working days of receiving the PRN.
The Customer shall assume responsibility for the replacement costs for poles, equipment and lamps in excess of standard replacement costs, as determined by the Authority.

More Definitions of Release Letters

Release Letters is defined in Section 6.12. [omitted] [omitted]

Release Letters means one or more customary release letters or customary termination statements or customary release documentation in the applicable jurisdiction with respect to obligations under the Prepetition Credit Agreement, the Prepetition Notes, any other indebtedness for borrowed money (including the Debtor-in-Possession Facility, or any other “debtor-in-possession” financing) and any hedging, cash management or other obligation that is incurred or guaranteed by any of the Acquired Subsidiaries or with respect to which an Encumbrance is granted by any Acquired Subsidiary or granted by a Seller of an Acquired Subsidiary over its equity interests in that Acquired Subsidiary or any Acquired Asset, which letters and other instruments provide that all obligations of the Acquired Subsidiaries (including any guaranty thereof), and all Encumbrances on the assets of the Acquired Subsidiaries securing such obligations, shall be released and terminated effective concurrently with the Closing upon payment in full of the amounts specified therein, unless, in each case above, such release has been included in the Confirmation Order and is effective to cause the applicable release or termination without the need for the taking of any other steps (including any need to take steps outside of the United States to effectuate the release of Encumbrances).

Release Letters means the letters from the Existing Lenders to the Company and/or the Subsidiary, as relevant, in the formats annexed to the corresponding Release Confirmation Letters;

Release Letters means, collectively, that certain: (i) Release Letter, made by the Agent for the benefit of the Borrower with respect to the Collateral in connection with the Existing First Lien Credit Agreement; and (ii) Release Letter, made by the Agent for the benefit of the Borrower with respect to the Collateral in connection with the Existing Second Lien Credit Agreement, as each exists on the Closing Date.

Release Letters has the meaning set forth in Section 2.1(c)(i). “Relevant CoC Event” has the meaning set forth in Section 6.1(c)(ii).

Release Letters shall have the meaning set forth in Section 2.4(a).

Release Letters means customary payoff and/or release letters from each holder of Closing Indebtedness that provides for the release of all Encumbrances on the Purchased Assets and the termination of all agreements and other security interests to which any of the Purchased Assets are subject, in each case, in form and substance reasonably satisfactory to the Buyer.