Final Payoff definition

Final Payoff. All teachers contracted for 186 days per year will receive their final paycheck on June 20th. Payment will be issued on Friday if June 20th falls on a Saturday or Sunday. Teachers who work more than 186 contract days (extended contract) or teachers who work on a stretch calendar and the stretch calendar ends after June 15th will be paid on June 30th. Payment will be issued on Friday if June 30th falls on a Saturday or Sunday.
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Examples of Final Payoff in a sentence

  • Final Payoff Date --------- ------------------ ---------------- ----------------- New 10% of original Due 90 days 15 months from amount financed.

  • Notwithstanding any provision hereof, at all times prior to the Final Payoff Date all obligations of the Trust and any claims arising from this Agreement or any transactions contemplated by this Agreement shall be limited solely to the assets of the Trust and payable in accordance with the Basic Documents.

  • In addition to the Purchase Price, the Buyer shall, contemporaneously with the Closing, pay an advance to the Company equivalent to the Final Payoff Amount and the Company shall use such funds to pay the Final Payoff Amount to each of the Company Creditors (including the Opex Loan and Capex Loan creditors) on the Closing Date as specified in the Payoff Letters.

  • Final Payoff Date New 10% of original Due 90 days 15 months from amount financed.

  • The term "Final Payoff Amount" shall mean the remaining outstanding and unpaid amount due and payable under this Agreement at any time under the provisions of Sections 4(a) and 4(b) above, with such amount then reduced to its present value as of the date on which the Acceleration Event occurs using an interest rate of ten percent (10%) in determining such present value.

  • If the actual payoff amounts calculated as of the Closing Date is less than the amount set forth on SECTION 1.04 of the Disclosure Schedule, then the difference shall be paid by Parent to Shareholders, in Parent Stock, within five (5) days of Shareholders approval or deemed approval of the Final Payoff Report.

  • The Servicer's authorization under this Agreement shall terminate upon the Final Payoff Date.

  • Within sixty (60) days after the Closing Date Parent shall provide Shareholders with a report showing the actual assumption or payoff amounts as of the Closing Date (the "Final Payoff Report").

  • If the actual payoff amounts calculated as of the Closing Date are greater than the amount set forth on SECTION 1.04 of the Disclosure Schedule, then the difference shall be paid by Shareholders to Parent, in Parent Stock, within five (5) days of Shareholders approval or deemed approval of the Final Payoff Report.

  • The Final Payoff Amount, when paid, shall be full and final payment of all sums due and payable under this Agreement.