Final Payoff Amount definition

Final Payoff Amount. (as defined in this paragraph 4) in the event an Acceleration Event (as defined in this paragraph 4) occurs:
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Final Payoff Amount means the amount necessary to fully and finally extinguish the Company Indebtedness in accordance with the Payoff Letters and consisting of all outstanding principal, accrued interest, fees and penalties thereon.
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Final Payoff Amount means the amounts necessary to obtain the release of the Liens of the Company Creditors in the Acquired Assets as provided in the Payoff Letter. CONFIDENTIAL INFORMATION OMITTED (TO BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION) ASTERISKS DENOTE SUCH OMMISSION
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Examples of Final Payoff Amount in a sentence

  • Local services can also form the basis for experimenting with new technology such as low emission vehicles, which could also contribute to the current pro-posals for low emission zones.

  • Any payments owing to CRG arising from a final determination that the Final Payoff Amount is in excess of $59 million shall first be paid by the Company without resort to the letter of credit posted by Cardinal Health 414, and such letter of credit shall only be a secondary resource in the event of failure of the Company to make payment to CRG.

  • As discussed in the next section of this report, we think that neither SO Hayes nor SO 7In the law of evidence, inferences differ from presumptions.

  • Notwithstanding the foregoing, Texas to fully and finally after the Final Payoff Amount.

  • The Company and CRG further agreed that the Final Payoff Amount, inclusive of the $59 million repaid on March 3, 2017, would be no less than $47 million and no more than $66 million.

  • Concurrently with payment of the Deposit Amount, CRG released all liens and security interests granted under the CRG Loan Documents and the CRG Loan Documents were terminated and are of no further force or effect; provided, however, that, notwithstanding the foregoing, the Company and CRG agreed to continue with their proceeding pending in The District Court of Harris County, Texas to fully and finally determine the Final Payoff Amount.


More Definitions of Final Payoff Amount

Final Payoff Amount means 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. An illustration of the provisions in this subsection is set forth in Schedule B attached hereto and incorporated herein by reference. The amounts under Sections 4(a) and 4(b) above that are unpaid at any time are subject to prepayment by Purchaser in full or in part at any time and from time to time without payment of penalty or premium. If Purchaser elects to prepay such amounts in full, then Purchaser shall pay the Final Payoff Amount, calculated as of the date of such prepayment under the above provisions, as full and final payment of all sums due and payable under this Agreement.
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Final Payoff Amount means, with respect to any individual Loan, the sum of the Payoff Amounts of the Underlying Loan(s) as evidenced either through a 3-way call with the Current Servicer/Holder and the Primary Applicant (or Secondary Applicant if they are party to the Underlying Loan(s)) and/or the Current Servicer/Holder payoff statements or screen shots received by FMER.
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Related to Final Payoff Amount

  • Payoff Amount means with respect to a Receivable as of the close of business on the last day of a Collection Period, the remaining principal balance of such Receivable, plus accrued but unpaid interest thereon, and related fees.

  • 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 Payout Date means the date on which all Obligations have been paid in full and the Aggregate Commitment has been terminated.

  • Final Pay means any unpaid base salary with respect to the period prior to the effective date of Employee’s termination of employment.

  • Debt Amount means all accrued and unpaid interest and any “make whole” payments or breakage fees (less any breakage benefits) which Project Co is obligated to pay to Lender pursuant to the Lending Agreements, together with the outstanding principal amount of debt funded under the Lending Agreements.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Final Payment Percentage is five percent (5.00%).

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Note Amount means, with respect to any Payment Date, the aggregate outstanding principal amount of the Notes after giving effect to payments of principal made on the Notes on such Payment Date.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Closing Amount has the meaning set forth in Section 2.2(a).

  • Payoff Letter shall have the meaning set forth in Section 6.13.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Payment Amount has the meaning specified in Section 6.1.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.