Payoff Date definition

Payoff Date means the first date on which all of the Obligations are paid in full and the Commitments of the Lenders are terminated.

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Payoff Date has the meaning given in Section 2.3(d).

Payoff Date means the first date on which all of the Obligations (other than unasserted contingent obligations) are paid in full.

Examples of Payoff Date in a sentence

• Beginning with the third Payment Event of Default and continuing with each Payment Event of Default thereafter, the applicable Minimum Interest multiple will increase by 0.015 on the Payoff Date upon the occurrence of each such Payment Event of Default regardless of whether or not such Payment Event of Default is subsequently cured.

• Notwithstanding such Acknowledged Non-Compliance, the Administrative Agent and the Lenders hereby agree to waive, solely through the Payoff Date, the Acknowledged Non-Compliance.

• All accrued and unpaid interest shall be due and payable on the Payoff Date.

• Until the occurrence of the Loan Payoff Date, the Administrative Agent shall be entitled to provide any directions, consents or instructions hereunder on behalf of the Controlling Parties, and the Collateral Agent is hereby authorized to accept any such direction, consent or instruction from the Administrative Agent on the Controlling Parties behalf.

• Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document or any other document furnished in connection herewith or therewith in accordance with a request of the Majority Lenders or the Controlling Parties (or, prior to the occurrence of the Loan Payoff Date, the Administrative Agent), as applicable, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders.

More Definitions of Payoff Date

Payoff Date means the first date following the Termination Date on which the Loan Balance has been indefeasibly reduced to zero and all accrued Interest, Usage Fee Amount, Unused Fee Amount and all other Secured Obligations have been indefeasibly paid in full.

Payoff Date has the meaning set forth in Section 5.13(c).

Payoff Date means the date on which all Obligations (as defined in the Credit Agreement) have been indefeasibly paid in full to Bank (as defined in the Credit Agreement) in immediately available funds and all Commitments (as defined in the Credit Agreement) of Bank to extend financial accommodations to any Borrower (as defined in the Credit Agreement) have been terminated.

Payoff Date means the date on which all principal and interest on the Notes and any other amounts directly related to Series 2002-A payable to any Noteholder, the Administrator or the Funding Agent under the Transaction Documents have been indefeasibly paid in full.

Payoff Date means the date on which all principal and interest on the Notes and any other amounts directly related to Series 2006-A payable to any Noteholder under the Transaction Documents have been indefeasibly paid in full.

Payoff Date means December 16, 2024 if the Administrative Agent has received the Payoff Amount by no later than 11:00 AM Central Standard Time on such date, or December 17, 2024 if Administrative Agent has received the Payoff Amount after 11:00 AM Central Standard Time on December 16, 2024 but by no later than 11:00 AM Central Standard Time on December 17, 2024.

Payoff Date. The date in which the Administrative Agent delivers the Payoff Notice pursuant to Section 7.1 hereof.