By including a per diem amount in the letter, the parties will not have to execute another payoff letter if the termination date. This payoff letter sets forth payoff arrangements for a loan facility among borrowers, guarantors, a syndicate of lenders, and an agent for the syndicate.A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. A Payoff Letter memorializes a debtor and lender's agreement regarding a debt obligation's early payment and termination. If you want to make a request for the payoff statement, you can definitely check out this Payoff Statement Request Template. Please accept this as my authorization to issue a payoff statement to. Through an effective date of .