Common use of PAYOFF AND ESTOPPEL LETTERS Clause in Contracts

PAYOFF AND ESTOPPEL LETTERS. Prior to the Closing, the Company shall request and deliver to Nations payoff and estoppel letters from all holders of any Indebtedness of the Company which letters shall contain payoff amounts, per diem interest, wire transfer instructions and an agreement to deliver to Nations, upon full payment of any such Indebtedness, UCC-3 termination statements, satisfactions of mortgage or other appropriate releases and any original promissory notes or other evidences of indebtedness marked canceled.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Nationsrent Inc), Stock Purchase Agreement (Nationsrent Inc)

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PAYOFF AND ESTOPPEL LETTERS. Prior to the Closing, the Company shall request and deliver to Nations payoff and estoppel letters reasonably requested by Nations from all holders of any Indebtedness of the Company to be paid off on or prior to the Closing, which letters shall contain payoff amounts, per diem interest, wire transfer instructions and an agreement to deliver to Nations, upon full payment of any such Assumed Indebtedness, UCC-3 termination statements, satisfactions of mortgage or other appropriate releases and any original promissory notes or other evidences of indebtedness marked canceled.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nationsrent Inc)

PAYOFF AND ESTOPPEL LETTERS. Prior to the Closing, the Company shall request and deliver to Nations United payoff and estoppel letters from all holders of any Indebtedness of the Company Company, which letters shall contain payoff amounts, per diem interest, wire transfer instructions and an agreement to deliver to NationsUnited, upon full payment of any such Indebtedness, UCC-3 termination statements, satisfactions of mortgage or other appropriate releases and any original promissory notes or other evidences of indebtedness marked canceled.

Appears in 1 contract

Samples: Merger Agreement (United Road Services Inc)

PAYOFF AND ESTOPPEL LETTERS. Prior to the Closing, the Company shall request and deliver to Nations payoff and estoppel letters from all holders of any Indebtedness of the Company to be paid off on or prior to the Closing, which letters shall contain payoff amounts, per diem interest, wire transfer instructions and an agreement to deliver to Nations, upon full payment of any such Indebtedness, UCC-3 termination statements, satisfactions of mortgage or other appropriate releases and any original promissory notes or other evidences of indebtedness marked canceled.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nationsrent Inc)

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PAYOFF AND ESTOPPEL LETTERS. Prior to the Closing, the Company shall --------------------------- request and deliver to Nations United payoff and estoppel letters from all such holders of any Indebtedness of the Company Company, which letters shall contain payoff amounts, per diem interest, wire transfer instructions and an agreement to deliver to NationsUnited, upon full payment of any such Indebtedness, UCC-3 termination statements, satisfactions of mortgage or other appropriate releases and any original promissory notes or other evidences of indebtedness marked canceled.

Appears in 1 contract

Samples: Merger Agreement (United Road Services Inc)

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