Discounted Payoff. (a) Notwithstanding anything to the contrary contained in this Agreement and without any obligation on the part of Borrower or any Mezzanine Borrower to make, or any Lender or Mezzanine Lender to accept, a prepayment under this Agreement or any Mezzanine Loan Agreement, as applicable, each Mezzanine Borrower shall be permitted to prepay any portion of the related Mezzanine Loan (each a “Discounted Payoff”) provided no Event of Default is continuing, no Mezzanine A Loan Default is continuing and no Mezzanine B Loan Default is continuing, provided further that the applicable Mezzanine Lender has consented to such prepayment. Notwithstanding anything to the contrary contained in this Agreement, any prepayments made by a Mezzanine Borrower in connection with a Discounted Payoff shall be applied to the portion of the related Mezzanine Loan held by the holder of the such Mezzanine Loan (which may be any of the Mezzanine Lenders or participants holding an interest in such Mezzanine Loans) accepting such Discounted Payoff and not to Lender or any other Mezzanine Lender or holder of the related Mezzanine Loan. Notwithstanding such Discounted Payoff, the applicable Mezzanine Loan shall be deemed to remain outstanding at the amount of principal then outstanding immediately prior to such Discounted Payoff for purposes of calculating Debt Yield and the Debt Service Coverage Ratio.
Discounted Payoff. (a) Notwithstanding anything to the contrary contained in this Agreement and without any obligation on the part of Borrower, Mortgage Borrower or any Other Mezzanine Borrower to make, or any Lender, Mortgage Lender or Other Mezzanine Lender to accept, a Discounted Payoff under this Loan Agreement, the Mortgage Loan Agreement or any Other Mezzanine Loan Agreement, as applicable, Mortgage Borrower, each Other Mezzanine Borrower shall be permitted to prepay at a discount any portion of the Mortgage Loan or related Other Mezzanine Loan, as applicable (each a “Discounted Payoff”); provided that, no Mortgage Event of Default is continuing, Mezzanine A Loan Default is continuing, no Mezzanine B Loan Default and no Event of Default is continuing, and provided further that Mortgage Lender or the applicable Other Mezzanine Lender, as applicable, receiving such Discounted Payoff agrees to accept such Discounted Payoff. Notwithstanding anything to the contrary contained in this Agreement, any prepayments made by Mortgage Borrower or an Other Mezzanine Borrower in connection with a Discounted Payoff shall be applied solely to reduce the portion of the Mortgage Loan or related Other Mezzanine Loan, as applicable, held by the Other Mezzanine Lender, as applicable, or participant in such Other Mezzanine Loan accepting such Discounted Payoff by an amount equal to the Face Amount. Notwithstanding such Discounted Payoff, the Mortgage Loan, applicable Other Mezzanine Loan, as applicable, shall be deemed to remain outstanding at the amount of principal then outstanding immediately prior to such Discounted Payoff for purposes of calculating Debt Yield.
Discounted Payoff. Subject to and effective upon due performance by Avatech of each of the following:
Discounted Payoff. The Special Servicer may (pursuant to the ----------------- authority granted to the Special Servicer by the terms and provisions of Section 3.10 (a) above), subject to the Decision Matrix, accept a discounted payoff of a Transferred Mortgage Loan. The Special Servicer, or any of its affiliates, may provide new financing to the Mortgagor to facilitate such discounted payoff provided that the Special Servicer obtains the Owner's prior written consent with respect thereto. The Owner acknowledges that if the Special Servicer provides such financing, the Special Servicer may receive fees from the Mortgagor in connection therewith and the Owner will not be entitled to any such fees to the extent that such fees are customary and reasonable.
Discounted Payoff. Section 5 of the Fourth Extension Agreement, as amended by Section 5 of the Fifth Extension Agreement, is amended and restated in its entirety by the following superseding provisions.
Discounted Payoff. (a) Notwithstanding anything to the contrary contained in this Agreement and without any obligation on the part of Borrower to make, or any Lender to accept a Discounted Payoff under this Loan Agreement, Borrower shall be permitted to prepay at a discount any portion of the Loan (a “Discounted Payoff”); provided that, no Mortgage Loan Default or Mezzanine A Loan Default is continuing, and provided further that Lender has consented to such prepayment. Notwithstanding anything to the contrary contained in this Agreement, any prepayments made by Borrower in connection with a Discounted Payoff shall be applied solely to reduce the portion of the Loan held by the Lender or participant in the Loan accepting such Discounted Payoff by an amount equal to the Face Amount. Notwithstanding such Discounted Payoff, the Loan shall be deemed to remain outstanding at the amount of principal then outstanding immediately prior to such Discounted Payoff for purposes of calculating Debt Yield.
Discounted Payoff. The Servicer may (pursuant to the authority ----------------- granted to the Servicer by the terms and provisions of Section 3.1 above) accept a discounted payoff of the Loan. The Servicer, or any of its affiliates, may provide new financing to the Obligor to facilitate such discounted payoff provided that the Servicer obtains Owner's prior written consent. Owner acknowledges that if Servicer provides such financing Servicer will receive fees from the Obligor in connection therewith and Owner will not be entitled to any such fees.
Discounted Payoff. Provided that the Partnership is not in default under the Note, Deed of Trust or any other document or instrument evidencing or securing the Loan (collectively, the "Loan Documents"), the Partnership shall have the option, on or before 5:00 p.m. on Tuesday, September 30, 1997 (the " Payoff Date"), te deliver to HWFP, at the address set forth below, by certified check or wired funds, an amount equal to Two Hundred Thousand Dollars ($200,000.00) (the "Discounted Payoff Amount"), plus accrued interest in the amount of Seven Hundred Eight and 48/100 Dollars ($708.48) (the "Accrued Interest"), which Discounted Payoff Amount and Accrued Interest HWFP agrees to accept on or before the Payoff Date as full satisfaction of the Hxxxxxxxx'x Wharf Marina, L.P. September 29, 1997 Page 2 Loan. Upon receipt of the Discounted Payoff Amount and Accrued Interest, HWFP shall deliver to the Partnership (a) the original Note marked "Paid" (or an original executed lost note affidavit if the original Note is unavailable) and (b) a satisfaction of the Deed of Trust in a form suitable for recording.
Discounted Payoff. (a) The Prospect Parties, collectively and individually, shall make their best efforts to raise a sufficient aggregate amount in Equity Issuances (as defined in the Note) between the Effective Date and March 10, 2014 (the “Prepayment Expiration Date”) in order to make Twenty-Five Million Dollars ($25,000,000) in aggregate payments pursuant to the Note after the Effective Date and before the Prepayment Expiration Date.
Discounted Payoff. So long as the Forbearance Period is not then terminated, the Lender agrees to accept, in full satisfaction of all Obligations (other than contingent indemnification obligations in respect of which no claim has been asserted):
