Payment Letters definition

Payment Letters means (x) the Payment Letter dated as of the Closing Date among the Borrower and certain Lenders and (y) the Fee Letter dated as of a date on or before the Closing Date by and among the Borrower and the Administrative Agent and Collateral Agent.
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Payment Letters means, collectively, the Agent Fee Letter and the Lender Payment Letter.
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Examples of Payment Letters in a sentence

  • The maximum aggregate Face Amount of all Contingent Payment Letters under the Operating Facility shall be Cdn.$11,000,000 (or the Equivalent Amount in US Dollars).

  • Advances in respect of Contingent Payment Letters shall be repayable forthwith upon being made.

  • The Borrowers will duly and punctually pay or cause to be paid all amounts required to be paid by them to the Lenders pursuant to this Agreement or any of the other Credit Facility Documents or any Treasury Contract, including principal, interest, stamping fees, fees for Contingent Payment Letters, Commitment Fees, other fees and expenses and any other amounts, at the times, in the currencies and in the manner set forth herein or therein.

  • In the event that, pursuant to Section 12.2, the obligations of the Operating Borrower to the Lenders hereunder shall be declared due and payable while any Contingent Payment Letter is outstanding, the Issuing Lender shall have the right to require the Operating Borrower to provide to the Issuing Lender cash collateral in an amount equal to the undrawn amount of, and in the currency of, all Contingent Payment Letters issued by the Issuing Lender then outstanding.

  • Promptly following the earlier of (i) the date on which the entire Payment has been disbursed and (ii) the date which is twelve (12) months after the Effective Time, the Surviving Pubco shall instruct the Exchange Agent to deliver to the Surviving Pubco any remaining portion of the Payment, Letters of Transmittal, and other documents in its possession relating to the transactions contemplated hereby, and the Exchange Agent’s duties shall terminate.

  • Payment Letters will not contain quotes at the time of their execution.

  • In addition to the foregoing, at Lender's election, Lender may complete and deliver one or more Contract Payment Letters in order to commence direct billing and collection with respect to one or more Contracts subject to a Contract Event of Default, and deduct the Administration Fee with respect thereto.

  • As part of the credit available under the Acquisition Facility, the Acquisition Borrower may request that the Issuing Lender issue one or more Contingent Payment Letters in Canadian Dollars or US Dollars on the Closing Date up to a maximum aggregate amount of $1,000,000 and with a maturity date on or before the Acquisition Facility Maturity Date.

  • The Purchaser undertakes to the Management Warrantors and the recipients of the Deferred Top Up Payment Letters not to take any action specifically designed to reduce the Own Brand EBITA (as defined in Schedule 6) such that the amount of the Deferred Consideration VLNs (as defined in Schedule 6) or the Cash Bonus (as defined in the Deferred Top Up Payment Letters) is reduced.

  • The liability of the Group under the Novation Payment Letters is pro-rata to its indirect shareholding in the JV Companies and the aggregate liability of the Group under the Novation Payment Letters will not exceed US$30,364,000 in aggregate (equivalent to approximately HK$236,839,000).