Final Payoff Amount definition

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.

Final Payoff Amount. (as defined in this paragraph 4) in the event an Acceleration Event (as defined in this paragraph 4) occurs:

Examples of Final Payoff Amount in a sentence

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.
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 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.
Notwithstanding the foregoing, Texas to fully and finally after the Final Payoff Amount.
The Final Payoff Amount, when paid, shall be full and final payment of all sums due and payable under this Agreement.

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.

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.