Payoff Loans definition

Payoff Loans means all loans secured by any Property (including, without limitation, the Buyer Discharged Debt), other than the Loans.
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Payoff Loans means the Loans which are identified as “Payoff Loans” on Schedule D hereto.
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Payoff Loans means all of the Mortgage Loans specified on Section 5.8 of the Contributors Disclosure Schedule as being a Payoff Loan, provided that the Operating Partnership shall have the option by giving written notice to the Contributors no later than five (5) Business Days after the date of this Agreement of removing the Mortgage Loans for any of the Properties identified as 130/150/170 Radnor Financial Center, Radnor Corporate Center and One Xxxxx Square as a Payoff Loan, in which event Section 5.8 of the Contributors Disclosure Schedule shall be deemed amended thereby. All Payoff Loans will be paid off in full immediately after the Closing pursuant to Section 2.3.
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Examples of Payoff Loans in a sentence

  • Each such Voluntary Prepayment Notice shall specify the date of such prepayment, the amount of principal being prepaid, whether the Loans being prepaid are Initial Loans, Delayed Draw Loans, Kodiak Pay-off Loans or other Additional Loans, and, in the case of a prepayment of Delayed Draw Loans, the applicable Prepayment Amount, if any, determined with respect to such Delayed Draw Loans, as set forth in the definition thereof.

  • They are getting interest from riders in Camping destinations.Amedeo offered to send out a post event questionnaire to get feedback on lodging.

  • The Borrower has further requested that each Lender and each Lender hasagreed to (i) make certain amendments to this Agreement (as in effect immediately prior to the effectiveness of Amendment No. 3) in accordance with and as set forth in Amendment No. 3, (ii) make any additional Delayed Draw Loans requested by theBorrower, subject to and in accordance with this Agreement and (iii) make any Kodiak Pay-off Loans requested by the Borrower, subject to and in accordance with thisAgreement.

  • SECTION 3.The Kodiak Pay-off Loan Commitments and Kodiak Pay-off Loans.

  • Prior to the date hereof, Parent has made available to the Company copies of bank statements or substantially similar financial records, dated as of a date no earlier than two (2) Business Days prior to the date hereof, which such statements or records sufficiently demonstrate the financial wherewithal of Parent to pay, in full, the aggregate amount of the Merger Consideration and all amounts due and payable under the Company Pay-off Loans as of the Closing Date.

  • Loan Payoff: Loans will be closed after receipt of all principal and interest.

  • The Borrower shall use the proceeds of the Kodiak Pay-off Loans, together with cash on hand, to cause the Kodiak Payoff to occur on the Kodiak Pay-off Loan Funding Date.

  • Borrower hereby ratifies and reaffirms the validity, enforceability and binding nature of the Obligations (including in respect to the Kodiak Pay-off Loans).

  • Voting AYE: Mr. Stellato, Mr. Waldron, Mr. Callahan, Mr. Evans, Mr. Recchiuti, Ms.Reuscher, and Mr. Reynolds, 7.

  • Except for Subsequent Flow Mortgage Loans, on each applicable Payment Date, Seller will (i) provide Purchaser with a schedule of Payoff Loans; and (ii) Purchaser will net out an amount equal to the portion of the Purchase Price already paid pursuant to Section 3.02(a) applicable to the Payoff Loans from the Purchase Price paid to Seller.


More Definitions of Payoff Loans

Payoff Loans. As defined in Section 2.01(b) hereunder.
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Related to Payoff Loans

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Term Loan as defined in Section 2.1.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Term B Loans has the meaning specified in Section 2.01(a).

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Term A Loans has the meaning specified in Section 2.01(b).