Common use of Payoff Clause in Contracts

Payoff. The Administrative Agent shall have received a payoff letter from PNC Bank, National Association, as administrative agent under the Existing Credit Agreement, reasonably satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full (other than the Existing Letters of Credit (as defined in the ABL Credit Agreement)), and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released.

Payoff. The Administrative Agent shall have received a payoff letter from PNC Bank, National Association, as administrative agent under the Existing Credit Agreement, reasonably satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full (other than the Existing Letters of Credit (as defined in the ABL Credit AgreementCredit)), and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released.

Payoff. The Administrative Agent shall have received a payoff letter from PNC Bank, National Association, as administrative agent under the Existing Credit Agreement, reasonably satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been 107 or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full (other than the Existing Letters of Credit (as defined in the ABL Credit Agreement)Credit), and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released.

Payoff. The Administrative Agent shall have received a payoff letter from PNC Bank, National Association, as administrative agent under the Existing Credit Agreement, reasonably satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full (other than the Existing Letters of Credit (as defined in the ABL Credit Agreement)), and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released.full

Payoff. The Administrative Agent shall have received a payoff letter from PNC Bank, National Association, as administrative agent under the Existing Credit Agreement, reasonably satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full (other than the Existing Letters of Credit (as defined in the ABL Credit Agreement)Credit), and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released.. (o)

Payoff. The Administrative Agent shall have received a payoff letter from PNC Bank, National Association, as administrative agent under the Existing Credit Agreement, reasonably satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full (other than the Existing Letters of Credit Credit). (as defined in the ABL Credit Agreemento)), and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released.

Payoff. The Administrative Agent shall have received a payoff letter from PNC Bank, National Association, as administrative agent under the Existing Credit Agreement, reasonably satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full (other than the Existing Letters of Credit (as defined in the ABL Credit Agreement))full, and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released.. (o)