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Contract analysis / letter-atlas-payoff-request.eml
letter-atlas-payoff-request.eml
1041-00003 · 5 clauses
High · 1 Medium · 1 Standard · 3
1. The aggregate amount required to repay in full all outstanding obligations under the Ex High
⚑ Indemnity / guarantee obligation
1. The aggregate amount required to repay in full all outstanding obligations under the Existing Credit Agreement (including both the term loan facility and the revolving credit facility), including, without limitation, all outstanding principal, accrued and unpaid interest, any breakage costs, prepayment premiums (if any), fees, expenses, indemnification amounts, and any other amounts owing to Atlas, the lenders, or
2. Per diem interest accrual amounts for each day following the stated payoff date, to acc Standard
⚑ Commercial term
2. Per diem interest accrual amounts for each day following the stated payoff date, to accommodate any adjustment in the event the closing of the Transaction occurs on a date other than the Anticipated Closing Date;
3. Wire transfer instructions for remittance of the Payoff Amount to the appropriate accou Standard
⚑ Commercial term
3. Wire transfer instructions for remittance of the Payoff Amount to the appropriate account(s);
4. Confirmation that, upon receipt of the Payoff Amount in full in immediately available f Standard
⚑ Commercial term
4. Confirmation that, upon receipt of the Payoff Amount in full in immediately available funds, all obligations of Cloudium and any guarantors under the Existing Credit Agreement and related loan documents shall be deemed satisfied, paid in full, and discharged; and
5. Confirmation that, upon receipt of the Payoff Amount, all commitments under the revolvi Medium
⚑ Forum / governing law
5. Confirmation that, upon receipt of the Payoff Amount, all commitments under the revolving credit facility shall be permanently terminated. We request that the Payoff Amount be calculated as of an assumed payoff date of July 9, 2024, with per diem figures provided to facilitate adjustment if closing occurs on a different date. **IV. Request for UCC Termination Statements and Lien Releases** In connection with the r