Payoff Letters

Payoff Letters. With respect to any Company Debt, a writing in form and substance reasonably satisfactory to Seller and Buyer, executed by the applicable creditor and setting forth the Payoff Amount (in U.S. dollars) and any other conditions necessary to cause such Company Debt to be extinguished and any Encumbrance securing same to be released. The parties anticipate that the Bank of America Payoff Letter may acknowledge that the Company will continue under those leases reflected on Schedule 1.1(b) attached... hereto View More