Common use of PAYOFF AND ESTOPPEL LETTERS Clause in Contracts

PAYOFF AND ESTOPPEL LETTERS. Prior to the Closing, the Sellers shall request and deliver to Purchaser, with respect to any Indebtedness affecting the Assets, the Business, or the Sellers' ability to perform their respective obligations hereunder, payoff and estoppel letters from such holders of any Indebtedness, which letters shall contain payoff amounts, per diem interest, wire transfer instructions and an agreement to deliver to Purchaser, 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. This Section is not intended to cover the equipment leases identified in Schedule 1.1(e).

PAYOFF AND ESTOPPEL LETTERS. Prior to the Closing, the Sellers shall request and deliver to Purchaser, with respect to any Indebtedness affecting the Assets, the Business, or the Sellers' ability to perform their respective obligations hereunder, payoff and estoppel letters from such holders of any Indebtedness, which letters shall contain payoff amounts, per diem interest, wire transfer instructions and an agreement to deliver to Purchaser, 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. This Section is not intended to cover the equipment leases identified in Schedule 1.1(e).

PAYOFF AND ESTOPPEL LETTERS. Prior to the Closing, the Sellers shall request and deliver to Purchaser, with respect to any Indebtedness affecting the Assets, the Business, or the Sellers' " ability to perform their respective obligations hereunder, payoff and estoppel letters from such holders of any Indebtedness, which letters shall contain payoff amounts, per diem interest, wire transfer instructions and an agreement to deliver to Purchaser, 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. This Section is not intended to cover the equipment leases identified in Schedule 1.1(e).