Pay-Off Letters definition
Pay-Off Letters has the meaning set forth in Section 1.6.2.
Pay-Off Letters means the letters, and any updates thereto, to be sent by each lender of the Company and its Subsidiaries to the Company and Parent prior to Closing, other than with respect to the Loan Amount, which letters shall among other things specify the aggregate amount of Indebtedness that will be outstanding as of the Effective Time under each note, loan agreement or other similar instrument and wire transfer information for each such lender to be paid at Closing.
Pay-Off Letters means each payoff letter in respect of the Pay-Off Indebtedness, in form and substance reasonably satisfactory to the Administrative Agent.
Examples of Pay-Off Letters in a sentence
Giving effect to the Closing, the Acquired Companies will not have any outstanding Indebtedness, and all outstanding Indebtedness shall have been repaid at Closing pursuant to the Pay-Off Letters.
More Definitions of Pay-Off Letters
Pay-Off Letters has the meaning set forth in Section 2.2.
Pay-Off Letters has the meaning set forth in Section 1.4.
Pay-Off Letters shall have the meaning set forth in Section 2.10(b)(v). 13
Pay-Off Letters has the meaning set forth in Section 7.2(g).
Pay-Off Letters has the meaning provided such term in Section 7.2(i).
Pay-Off Letters means letters, in form and substance reasonably satisfactory to Foothill, from other lenders, secured creditors, or lessors respecting the amount necessary to (a) repay in full all of the obligations of Borrower owing to such lenders, secured creditors, and/or lessors and (b) obtain (i) terminations/releases of all of the security interests or liens existing in favor of such lenders, secured creditors, and/or lessors in and to the properties or assets of Borrower and (ii) good and marketable title to such properties or assets (in the case of leased property).
Pay-Off Letters as set forth in Section 2.4.1(a).