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

• The Employer shall pay the Contractor the amount so certified within 60 days of the issue of the Final Payment Certificate.

• If the final account is still unsatisfactory after it has been resubmitted, the Employer’s Representative shall decide on the amount payable to the Contractor and issue a Final Payment Certificate.

• Upon completion of Design-build Firm’s work, Design-build Firm shall submit an Application for Final Payment to Owner including all costs incurred and paid, that are payable by Owner pursuant to the Contract Documents.

• Final Payment: after deliverable of air conditioning ratification.

• GTIF, Chrysalis Financial LLC, Christopher Nohl, and Greenpoint Asset Management II LLC further represent and warrant that if the Potential Sales are completed and the GTIF has sufficient liquidity considering its other obligations and liabilities, they will pay Hallick the Final Payment due hereunder with said proceeds.

More Definitions of Final Payment

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 means the last payment to the Trade Contractor, including retainage, in connection with the Trade Contractor Work.

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 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 Advance equal to the Loan Amount for such 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 plus accrued interest) due in accordance with Section 2.1.1 above, equal to the original principal amount of the applicable Growth Capital Advance multiplied by the Final Payment Percentage.

Final Payment means payment in funds which are (or have become) immediately available, under applicable law are irreversible, and are not subject to any security interest, xxxx, xxxx or other encumbrance.

Final Payment means, with respect to each Loan, a payment (in addition to and not in substitution for the regular monthly payments of principal and accrued interest) due on the Maturity Date for such Loan equal to the Loan Amount for such Loan at such time multiplied by the Final Payment Percentage.