Payoff Letter shall have the meaning set forth in Section 6.13.
Payoff Letter has the meaning set forth in Section 4.11.
Payoff Letter means a written communication from the lien creditor or servicer stating, at a
Examples of Payoff Letter in a sentence
The Parent Borrower shall have provided to the Administrative Agent evidence that the Closing Date Refinancing shall have occurred and the Existing Credit Agreement shall have been terminated, including without limitation, pursuant to the Payoff Letter and the German Security Release Agreement incorporated therein.
More Definitions of Payoff Letter
Payoff Letter has the meaning set forth in Section 2.9.
Payoff Letter means the payoff letter in respect of any payment in full of the DIP ABL Claims and ABL Claims (excluding last out DIP Claims) in accordance with Section 1.4 of the DIP ABL Credit Agreement, to be agreed upon by the Debtor and the DIP ABL Agent prior to the Effective Date.
Payoff Letter has the meaning set forth in Section 5.13(a).
Payoff Letter a letter, in form and substance satisfactory to the Administrative Agent, dated as of a date on or prior to the Closing Date and executed by each of the Existing Lender and the Borrowers that are party to the Existing Credit Facility to the effect that upon receipt by the Existing Lender of the “payoff amount” (however designated) referenced therein, (a) the obligations of the Group Members under the Existing Credit Facility shall be satisfied in full, (b) the Liens held by the Existing Lender under the Existing Credit Facility shall terminate without any further action, and (c) such Borrowers and the Administrative Agent (and their respective counsel and such counsels’ agents) shall be entitled to file UCC-3 amendment statements, USPTO releases, USCRO releases and any other releases necessary to further evidence the termination of such Liens.
Payoff Letter has the meaning set forth in Section 7.02(f)(iv).
Payoff Letter means that certain payoff letter, dated as of the Closing Date, among Bank of America, N.A., as administrative agent and collateral agent under the Existing Credit Agreement, and Xxxxxx & Xxxxx, as lead borrower under the Existing Credit Agreement, with respect to the payment in full of all obligations outstanding under the Existing Credit Agreement, termination of all commitments thereunder and agreements to release all Liens upon the assets of the B&N Parties and the Loan Parties.
Payoff Letter is defined in Section 6.13 of the Agreement.