Common use of Debt Payoff Clause in Contracts

Debt Payoff. At the Effective Time, Purchaser shall (on behalf of the Surviving Corporation) pay, or to the extent the Surviving Corporation has sufficient immediately available funds at such time, instruct the Surviving Corporation to pay, the amounts payable under each Payoff Letter to the Persons set forth therein with respect to the Payoff Indebtedness, including the amounts payable to the Lender under the Payoff Letter with the Lender, by wire transfer of immediately available funds to the account or accounts designated in such Payoff Letter.

Debt Payoff. At the Effective TimeClosing, Purchaser shall (on behalf of the Surviving Corporation) paypay or cause to be paid, or or, to the extent the Surviving Corporation has sufficient immediately available funds at such time, instruct the Surviving Corporation to paypay or cause to be paid, the amounts payable under each the Debt Payoff Letter to (such amounts, in the Persons set forth therein with respect to aggregate, the “Debt Payoff Indebtedness, including the amounts payable to the Lender under the Payoff Letter with the LenderAmount”), by wire transfer of immediately available funds to the account or accounts designated in such the Debt Payoff Letter.