Paydown Letter definition

Paydown Letter means a letter, in form and substance reasonably satisfactory to Foothill, from Old Lenders' Agent respecting the amount necessary to repay in full all of the obligations of Borrower owing to Old Lenders, other than the obligations with respect to the Letters of Credit.
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Paydown Letter means the agreement among the Seller, -------------- Georgia-Pacific, CRC, CAFCO and Citibank providing for the repurchase by the Seller of certain receivable interests held by each of CRC and CAFCO pursuant to that certain Amended and Restated Receivables Purchase Agreement, dated as of October 13, 1999, as amended, among the Seller, the Collection Agent, CAFCO, CRC, Falcon Asset Securitization Corporation and the Administrative Agent.
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Examples of Paydown Letter in a sentence

  • The Agent (a) consents to Borrowers' execution and delivery and performance under the Purchase Documents attached hereto as Exhibit A hereto; and (b) agrees to release all Liens held by or in favor of Agent in the Assets and Bactolac Assets subject to the Paydown Letter in substantially the form attached as Exhibit B hereto.

  • Pursuant to that certain Partial Paydown Letter, dated as of October 8, 2019, the principal amount of the Notes then in effect was reduced, and the Borrower issued a third amended and restated promissory note in the principal amount of $49,921,344.31 in favor of B.

  • The Equity Issuance Agreement, as amended by this Amendment, together with the Credit Agreement and the Paydown Letter, contains the entire understanding of the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.

  • All accrued but unpaid interest in respect of the New Vehicle Swing Line and the Used Vehicle Swing Line (each as defined in the Existing Credit Agreement) shall be due and payable as described in the Existing Floorplan Paydown Letter.

  • In the event of any conflict between or among this Amendment, the Credit Agreement or the Paydown Letter, the provisions of this Amendment shall control.

Related to Paydown Letter

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Letter means any written or printed communication conveying from one person to another particular information upon matters personal to such persons or information upon which it is intended that the recipient should reply, act or refrain from acting, but does not include any written or printed communication which is a newspaper or a periodical accompanied by any other communication;

  • Delay Delivery Certification As defined in Section 2.02(a) hereof.

  • Disbursement Instruction Agreement means an agreement substantially in the form of Exhibit M to be executed and delivered by the Borrower pursuant to pursuant to Section 6.1(a)(xi), as the same may be amended, restated or modified from time to time with the prior written approval of the Administrative Agent.

  • Confirmation Letter means a letter issued by any applicable Rating Agency to the effect that neither (a) the resignation of Provident as Servicer under the Servicing Agreement and appointment of Litton as successor Servicer thereunder, nor (b) the amendments e▇▇▇▇▇▇ated by this Agreement, will adversely affect the then current ratings on the Certificates then being rated.