Payoff Letters definition

Payoff Letters has the meaning set forth in Section 3.2(a)(i).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Payoff Letters has the meaning set forth in Section 6.6.

Payoff Letters has the meaning set forth in Section 1.02(c).

Examples of Payoff Letters in a sentence

• Prior to the Closing, each Acquired Company shall obtain the Payoff Letters from the lenders listed on Section 7.6 of the Disclosure Schedules and make arrangements for the delivery of, subject to the receipt of the applicable payoff amounts, customary lien releases to Buyer as soon as practicable after the Closing.

• Section 7.1 Commercially Reasonable Efforts; Notices and Consents 58 Section 7.2 Conduct of the Business Prior to the Closing 59 Section 7.3 Access to Premises and Information 62 Section 7.4 Antitrust Regulatory Efforts 63 Section 7.5 No Solicitation 64 Section 7.6 Payoff Letters 65 Section 7.7 Termination of Related Party Contracts 65 Section 7.8 Office Lease Transfer; Sublease 65 Section 7.9 Gregg County Lease Assignment 65 Section 8.1 Employee Matters 65 Section 8.2 Tax Matters.

More Definitions of Payoff Letters

Payoff Letters has the meaning set forth in Section 10.4.

Payoff Letters shall have the meaning set forth in Section 4.2(a)(x).

Payoff Letters has the meaning set forth in Section 13.6.

Payoff Letters has the meaning set forth in Section 7.2(h).

Payoff Letters is defined in Section 2.6(b)(iii).

Payoff Letters means the payoff letters from each of the holders of Closing Indebtedness for borrowed monies to be paid at Closing, indicating in such payoff letter that, upon payment of a specified amount, the amount of such Closing Indebtedness owed or owing to the holder of Closing Indebtedness thereunder shall be fully paid and discharged, with no further obligations or Liabilities of the Company or the Business in respect thereof, and that all Liens in respect of such Closing Indebtedness shall be released upon payment of the amount set forth in such Payoff Letter.

Payoff Letters means the letters provided by the holders of Company Debt to the Companies in connection with the repayment of the Company Debt as contemplated hereby.