Final Payment definition

Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.
Final Payment means the last and final monetary compensation made to Contractor for any portion of the Work that has been completed and accepted for which payment has not been made, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of Contractor’s retainage.
Final Payment means the last and final monetary compensation made to Contractor

Examples of Final Payment in a sentence

  • A Claim disputing the amount of Final Payment must be submitted within fourteen (14) Days of the effective date of Final Payment.

  • Deposit - $400 DATE RECEIVED / /_ _ Final Payment $ DATE RECEIVED / /_ _ BREEDERS AGREE: • Above puppy has been found to be in good health.

  • After all valid claims are determined and the Settlement is approved after the Final Fairness Hearing, but in no event later than thirty-five (35) days after the Effective Date, the Class Administrator shall distribute money from the Aggregate Settlement Fund, in accordance with its Final Payment determination referenced in Paragraph 34 above, to the Settlement Class Members who have not opted out.

  • This assignment shall be made and become effective at the time City tenders Final Payment to Contractor, without further acknowledgment by the parties.

  • If Substantial Completion is attained before the Scheduled Substantial Completion Date (the “Bonus Date”), Owner shall pay XXXX at the time of Final Payment under Section 7.3 herein an early completion bonus of Dollars ($ ) for each day that Substantial Completion is attained earlier than the Bonus Date.


More Definitions of Final Payment

Final Payment means such amount as may be necessary to repay the outstanding principal amount of the Notes and any other amounts owing by the Borrower to the Lenders pursuant to the Transaction Documents.
Final Payment shall have the meaning set forth in Section 4.4.
Final Payment means the last payment to the Trade Contractor, including retainage, in connection with the Trade Contractor Work.
Final Payment means the final payment by the Province to the Recipient in respect of the Project as described in and to be paid in accordance with Article J.8.0 (Final Payment).
Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the Maturity Date for such Equipment Advance equal to the Loan Amount for such Equipment Advance multiplied by the Final Payment Percentage.
Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal and accrued interest) equal to four percent (4%) of the aggregate original principal amount of all Growth Capital Advances.
Final Payment when used in connection with the Senior Indebtedness means the full and final and payment in immediately available funds of all of the Senior Indebtedness and the termination in writing of the Senior Lenders’ obligations to make loans or other advances or financial accommodations to the Loan Parties under the Senior Documents. The repayment of any Senior Indebtedness pursuant to a Refinancing permitted hereunder shall not constitute “Final Payment” of the Senior Indebtedness being Refinanced.