Release Letters definition

Release Letters means letters from each of the Incumbent Lenders pursuant to which such Incumbent Lender agrees to release any interest in the Financed Equipment, in each case, in form and substance acceptable to Lender. “Secondary Equipment” is leasehold improvements, intangible property including computer software and software licenses, equipment specifically designed or manufactured for Borrower, limited use property and other similar property (it being understood that, for purposes of this definition, equipment that is not specifically designed or manufactured for Borrower, but which is utilized by Borrower to assemble equipment that is specific to its business, shall not be deemed to be Secondary Equipment).

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Release Letters means letters from each of the Incumbent Lenders and KPCB, in its capacity as agent for the Convertible Lenders, pursuant to which each of the Incumbent Lenders and KPCB, on behalf of the Convertible Lenders, agrees to release any interest in the Financed Equipment, in each case, in form and substance acceptable to Lender.

Release Letters is defined in Section 6.12.

Examples of Release Letters in a sentence

In addition, the Founders and Arnon Gat received complementary Indemnification and Release Letters as Service Providers of the Company.
On the Closing Date, the Buyer shall pay, or cause to be paid on behalf of the Company Entities, the Release Amount by wire transfer of immediately available funds to the Persons or bank accounts specified in the Release Letter(s) for the Indebtedness delivered pursuant to Section 9.2(h).
The Release Letter(s) shall be provided to Buyer on prior to the Closing Date.
From each of the parties listed on the Seller Debt Schedule duly executed Security Release Letters, together with UCC 3 termination statements, in particular, without limitation, from Yaskawa America, Inc.
Seller owns the Shares, has good and valid title to the Shares and will deliver to Buyer at Closing, and upon consummation of the Closing, Buyer will hold, valid title to the Shares, in each case, free and clear of all Liens, except for (a) Liens that will be released on or prior to the Closing including pursuant to the Release Letters, and on transfer imposed under applicable federal, state and other securities Laws and (b) Liens created by Buyer’s or its Affiliates’ acts.

More Definitions of Release Letters

Release Letters means, collectively, that certain: (i) Release Letter, made by the Agent for the benefit of the Borrower with respect to the Collateral in connection with the Existing First Lien Credit Agreement; and (ii) Release Letter, made by the Agent for the benefit of the Borrower with respect to the Collateral in connection with the Existing Second Lien Credit Agreement, as each exists on the Closing Date.

Release Letters is defined in Section 1.04(a).

Release Letters has the meaning set forth in Section 8.05.

Release Letters shall have the meaning set forth in Section 2.4(a).

Release Letters means the letters from the Existing Lenders to the Company and/or the Subsidiary, as relevant, in the formats annexed to the corresponding Release Confirmation Letters;

Release Letters has the meaning set forth in Section 2.1(c)(i). “Relevant CoC Event” has the meaning set forth in Section 6.1(c)(ii).