Common use of Payoff Amount Clause in Contracts

Payoff Amount. The aggregate amount of Obligations owing by the Borrower on the date of this letter (the “Payoff Amount”) is as follows: Principal $0 Accrued Interest $0 Accrued Commitment Fees $_____ Accrued Letter of Credit Fees $_____ Total Payoff Amount $_____ provided, however, if the Payoff Amount is not paid in full (without condition or deduction for any counterclaim, defense, recoupment or setoff) to the Administrative Agent in Dollars in immediately available funds prior to 2:00 p.m. Eastern time on the date of this letter, as long as the Borrower has not requested any Borrowing after the date hereof, the Payoff Amount shall be increased by $[] for each twenty-four (24) hour period (or portion thereof) thereafter until the receipt of the Payoff Amount (as so increased).

Appears in 2 contracts

Samples: Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)

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Payoff Amount. The aggregate amount of Obligations owing by the Borrower on the date of this letter (the “Payoff Amount”) is as follows: Principal $0 Accrued Interest $0 Accrued Commitment Fees $_____ Accrued Letter of Credit Fees $_____ Total Payoff Amount $_____ provided, however, if the Payoff Amount is not paid in full (without condition or deduction for any counterclaim, defense, recoupment or setoff) to the Administrative Agent in Dollars in immediately available funds prior to 2:00 p.m. Eastern time on the date of this letter, as long as the Borrower has not requested any Borrowing after the date hereof, the Payoff Amount shall be increased by $[] for each twenty-four (24) hour period (or portion thereof) thereafter until the receipt of the Payoff Amount (as so increased).. 4876-0931-7139 v.5

Appears in 1 contract

Samples: Credit Agreement (Tennessee Valley Authority)

Payoff Amount. The aggregate amount of Obligations owing by the Borrower on the date of this letter (the “Payoff Amount”) is as follows: Principal $$ 0 Accrued Interest $$ 0 Accrued Commitment Fees $_____ Accrued Letter of Credit Fees $_____ Total Payoff Amount $_____ provided, however, if the Payoff Amount is not paid in full (without condition or deduction for any counterclaim, defense, recoupment or setoff) to the Administrative Agent in Dollars in immediately available funds prior to 2:00 p.m. Eastern time on the date of this letter, as long as the Borrower has not requested any Borrowing or Letter of Credit after the date hereof, the Payoff Amount shall be increased by $[] for each twenty-four (24) hour period (or portion thereof) thereafter until the receipt of the Payoff Amount (as so increased).

Appears in 1 contract

Samples: Credit Agreement (Tennessee Valley Authority)

Payoff Amount. The aggregate amount of Obligations owing by the Borrower on the date of this letter (the “Payoff Amount”) is as follows: Principal $0 _____ Accrued Interest $0 _____ Accrued Commitment Fees $_____ Accrued Letter of Credit Fees $_____ Total Payoff Amount $_____ provided, however, if the Payoff Amount is not paid in full (without condition or deduction for any counterclaim, defense, recoupment or setoff) to the Administrative Agent in Dollars in immediately available funds prior to 2:00 p.m. Eastern time on the date of this letter, as long as the Borrower has not requested any Borrowing or Letter of Credit after the date hereof, the Payoff Amount shall be increased by $[] for each twenty-four (24) hour period (or portion thereof) thereafter until the receipt of the Payoff Amount (as so increased).

Appears in 1 contract

Samples: Credit Agreement (Tennessee Valley Authority)

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Payoff Amount. The aggregate amount of Obligations owing by the Borrower on the date of this letter (the “Payoff Amount”) is as follows: Principal $0 Accrued Interest $0 Accrued Commitment Fees $_____ Accrued Letter of Credit Fees $_____ Total Payoff Amount $_____ SC1:3922355.6 provided, however, if the Payoff Amount is not paid in full (without condition or deduction for any counterclaim, defense, recoupment or setoff) to the Administrative Agent in Dollars in immediately available funds prior to 2:00 p.m. Eastern time on the date of this letter, as long as the Borrower has not requested any Borrowing or Letter of Credit after the date hereof, the Payoff Amount shall be increased by $[] for each twenty-four (24) hour period (or portion thereof) thereafter until the receipt of the Payoff Amount (as so increased).

Appears in 1 contract

Samples: Credit Agreement (Tennessee Valley Authority)

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