Extract to table

Accordingly, the payoff amount must be precisely determined and reflected as a line item in the closing funds flow memorandum

If so, determine the aggregate undrawn face amount of all outstanding letters of credit and confirm the Lender's requirements for the treatment of such letters of credit at closing, including whether cash collateral must be posted, a backstop letter of credit must be issued by a replacement bank, or the letters of credit must be returned and cancelled

If so, determine the mark-to-market termination value of such arrangements as of the anticipated closing date and confirm whether such amounts are included in the payoff amount or must be settled separately

Section 4: Coordination with Closing Mechanics The payoff letter is a critical closing deliverable and must be fully integrated into the closing mechanics for the business combination

The payoff letter must be included as a line item on the closing checklist and the conditions tracker

All bracketed and placeholder language in the form (indicated by "[Insert]" or similar notation) must be completed by the Lender prior to execution