Examples of Prior Lender Obligations in a sentence
Agent shall have received payoff letters from the Prior Lenders, each in form and substance reasonably satisfactory to Agent, as to the Prior Lender Obligations.
Prior to the Original Closing Date, Holdings will not have engaged in any business or incurred any Indebtedness or any other liabilities (except in connection with its corporate formation, the Prior Lender Obligations under and as defined in the Original Credit Agreement, the Related Transactions Documents and this Agreement).
Agents shall have received payoff letters from the Prior Lenders, each in form and substance reasonably satisfactory to Agents, as to the Prior Lender Obligations.
Section 523(a)(*) appears to limit the application of § 523(a)(1)(B)(ii) to a§ 6020(a) return.U.S.C. § 506(a) and are void pursuant to 11 U.S.C. § 506(d)” (emphasis added).
A pay-off letter satisfactory to Agent confirming that all of the Prior Lender Obligations will be repaid in full from the proceeds of the initial Revolving Credit Advance and all Liens upon any of the property of Holdings, Borrower or any of its Subsidiaries in favor of Prior Lender shall be terminated and released by Prior Lender immediately upon such payment.