Warrant Cancellation. This letter agreement referred -------------------- to in Section 3.1(e) executed by the Company and First Union Corporation. (c) On the Closing Date, Concentra shall pay, or cause to be paid, the NHR Indebtedness and all accrued and unpaid interest thereon; provided, however, that Concentra, at its option, may elect to pay or assume (i) -------- ------- any or all Capital Lease Obligations and (ii) the obligations of the Company and its Subsidiaries arising under the Hedge Agreement. On the Closing Date, Concentra shall assume the Company's obligations under the First Union Letters of Credit and shall deliver replacement letters of credit for those obligations to Milbank, Tweed, ▇▇▇▇▇▇ & ▇▇▇▇▇▇ at the Closing for subsequent delivery to The CIT Group, Inc. and Woodbridge Officer Tower LLC.
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Warrant Cancellation. This letter agreement referred -------------------- to in Section 3.1(e) executed by the Company and First Union Corporation.
(c) On the Closing Date, Concentra shall pay, or cause to be paid, the NHR Indebtedness and all accrued and unpaid interest thereon; provided, however, that Concentra, at its option, may elect to pay or assume (i) -------- ------- any or all Capital Lease Obligations and (ii) the obligations of the Company and its Subsidiaries arising under the Hedge Agreement. On the Closing Date, Concentra shall assume the Company's obligations under the First Union Letters of Credit and shall deliver replacement letters of credit for those obligations to Milbank, Tweed, ▇▇▇▇▇▇ & ▇▇▇▇▇▇ at the Closing for subsequent delivery to The CIT Group, Inc. and Woodbridge Officer Tower LLC.
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