Closing Direction Letter definition
Closing Direction Letter means a certificate, signed by the Sellers Representative and delivered to Buyer, setting forth each Person entitled to a payment pursuant to Section 2.04(a)(i), the amount due to such Person, and the applicable wire instructions for the payment of all amounts due and payable, including all amounts and instructions set forth on the Payoff Letters with respect to the payment or release of Indebtedness as of Closing.
Closing Direction Letter means a certificate, signed by an officer of Enterprises and by the Stockholder Representative, (a) setting forth, with reasonable specificity, (i) the calculation of the Stockholder Closing Payment Amount and (ii) each Person entitled to a payment pursuant to Section 2.02, the amount due to such Person and the applicable wire instructions for the payment of all amounts due and payable, including all amounts and instructions set forth on the Payoff Letters with respect to the payment of the Closing Repaid Indebtedness as of the Closing; (b) setting forth the amount of all Prior Contingent Payments; and (c) attaching the Capitalization Table.
Closing Direction Letter means a letter, in the form reasonably satisfactory to Buyer, directing Buyer to pay or cause to be paid, to MGG, the Purchase Price on behalf of the Seller in partial satisfaction of amounts outstanding under the Financing Agreement.
Examples of Closing Direction Letter in a sentence
At least two (2) Business Days prior to Closing, or such later time agreed to by Buyer, the Sellers Representative shall prepare and deliver to Buyer the Closing Direction Letter.