Full Payoff definition

Full Payoff means any Defaulted Mortgage Loan which is paid in full and such payment in full is received by the Servicer in full satisfaction of the indebtedness owed under the applicable Mortgage Note.

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Full Payoff has the meaning assigned to that term in Section 5.2.

Full Payoff means any defaulted mortgage loan which is paid in full as defined in the related servicing agreement.

Examples of Full Payoff in a sentence

With respect to Precomputed Receivables, to the extent that the sum of any remaining excess and the Payahead Balance can be applied to prepay the Precomputed Receivable in full, such remaining excess shall constitute a full payoff of such Precomputed Receivable (a "Full Payoff").
All such rights and remedies shall continue in full force and effect until full payment of all Obligations (except as otherwise provided in this Agreement in the case of Unasserted Inchoate Obligations following a Full Payoff).
Except as otherwise provided in any applicable Loan Document, each Cash Collateral Account and all Cash Collateral shall be under the sole dominion and control of Lender, and Borrower or other Person shall have no right to any Cash Collateral (except in excess of applicable required Cash Collateralization), until a Full Payoff of the Obligations (other than Unasserted Inchoate Obligations).
Until a Full Payoff of the Obligations (other than Unasserted Inchoate Obligations) has occurred, (x) all undertakings of Borrower contained in the Loan Documents shall continue, and (y) Lender shall retain its Liens in the Collateral and all of its rights and remedies under the Loan Documents.
In addition, subject to the same provisos as indicated in the first sentence of this Section 1.2(c), the Company shall be entitled to prepay the principal of the Notes in part; in the case of partial prepayment, the amount of the Notes retired shall equal the same proportion of the remaining face amount of the Notes as the amount of prepayment bears to the Full Payoff Amount, if the Notes were being fully prepaid at that time.
All obligations of the Borrower to make payments to the Agent or the Lenders shall survive the termination of all obligations of the Borrower hereunder and under the Loan Documents (unless the Full Payoff Amount has been paid under the Loan Documents), and shall not be affected by reason of an invalidity, illegality or irregularity of this Forbearance Agreement or any Loan Document.
Excepting any professional fees of Buyer, Sellers shall bear, without duplication, all of the fees, costs and expenses associated with the matters contemplated by this Section 6.19(a), including all Full Payoff Amounts (by virtue of all such Full Payoff Amounts being included in the calculation of Closing Indebtedness).
Subject to the last sentence of this Section 6.18(b), and excepting any professional fees of Buyer, Sellers shall bear, without duplication, all of the fees, costs and expenses associated with the matters contemplated by this Section 6.18(b), including all Full Payoff Amounts (by virtue of all such Full Payoff Amounts being included in the calculation of Closing Indebtedness).
Parent shall effect such assumption in writing, in form and substance acceptable to Lender in its reasonable discretion; and may not effect such assumption except in connection with a Full Payoff, or at any time thereafter.

More Definitions of Full Payoff

Full Payoff means the amount required to satisfy in full the debt owed as related to a Mortgage Loan, which amount includes the unpaid principal balance, interest due on account and, to the extent permitted by applicable Requirements, any other funds to be collected at the time of payoff from the Mortgagor pursuant to the terms of such Mortgage Loan, such as recording fees, service fees, attorney fees, escrow advances, prepayment penalties and other costs as applicable.

Full Payoff. The amount required to satisfy a Mortgage Loan in full, which amount includes the unpaid principal balance, interest due on account and any other funds to be collected at the time of payoff, such as recording fees, service fees, attorney fees, escrow advances, Prepayment Penalties, Late Charges and other costs as applicable. HAZARD INSURANCE (HAZARD INSURANCE POLICY): A fire and casualty extended coverage insurance policy insuring against loss or damage from fire, hazard, flood, wind, liability, and other perils covered within the scope of standard extended hazard coverage, together with all riders and endorsements thereto.

Full Payoff means the termination of the Revolver Commitment and the payment or repayment in full of all Obligations (including then-outstanding Loans and LC Obligations, and then-accrued but unpaid interest, fees and expenses) that were accrued, outstanding and/or asserted (or threatened to be asserted) at the time of such full payment or repayment.

Full Payoff shall have the meaning assigned to such term in the definition of Unasserted Inchoate Obligations.