Common use of Payoff Letters Clause in Contracts

Payoff Letters. The Company will have delivered to Buyer (a) the Payoff Letters, duly executed by the applicable holders of Closing Indebtedness to be paid at Closing, and (b) any other customary applicable releases, termination statements or other similar documentation (to the extent not included in the Payoff Letters), releasing and terminating any and all Liens (other than Permitted Liens), relating to borrowed money of the Company, in each case, in form and substance reasonably satisfactory to Buyer.

Payoff Letters. The At or prior to the Closing, the Company will have delivered shall provide Buyer with executed payoff letters in customary form which provide for the satisfaction and discharge of all obligations in respect of all such Indebtedness, including the termination of all related commitments and the release of all related guarantees and Liens, reasonably acceptable to Buyer (a) the Payoff Letters, duly executed by the applicable holders of Closing relating to Indebtedness that is contemplated to be paid repaid at Closing, and (b) any other customary applicable releases, termination statements or other similar documentation (to the extent not included in the Payoff Letters), releasing and terminating any and all Liens (other than Permitted Liens), relating to borrowed money Closing of the Company, in each case, in form Company and substance reasonably satisfactory to Buyerits Subsidiaries as set forth on Section 4.17 of the Company Disclosure Letter.