Debt Release Letter definition
Debt Release Letter means a release letter or other evidence or documentation, which shall state that upon the consummation of the Transaction on the Closing Date (i) the obligations of each of the Acquired Companies, as guarantors, and (ii) all Encumbrances on the assets or equity of the Acquired Companies under the Existing Credit Agreement, in each case, shall be fully released and/or terminated under and in connection with the Existing Credit Agreement.
Debt Release Letter means that certain debt release letter, dated as set forth in the Escrow Agreement, among Will▇▇▇▇ ▇▇▇ Ligh▇▇▇, ▇▇rsuant to which Will▇▇▇▇ ▇▇▇eases Lightel from all of its Obligations under the Intercompany Note (as defined in the Escrow Agreement).