Examples of Payoff Notice in a sentence
One way to better inform typology construction would have been to use regression results on significant determinants of poverty in particular regions.
Said Loan Request, Interest Rate Election and Payoff Notice shall, as applicable, identify the Lender which has agreed to fund any Negotiated Loan.
Only one Loan Request, Interest Rate Election and Payoff Notice requesting Primary Loans and only one Loan Request, Interest Rate Election and Payoff Notice requesting Swing Loans shall be submitted to the Lead Administrative Agent on any date.
Following the receipt of a Payoff Notice, the Safekeeping Agent shall continue to hold the Assets pursuant to the terms of this Agreement and, with respect to the transfer and release of any Assets or any other matter referred to in this Agreement regarding the Assets or Accounts, the Safekeeping Agent shall comply with Proper Instructions.
Immediately upon the payment of all Obligations (other than any contingent obligations in respect of which no claim for reimbursement has been made) of New Mountain pursuant to the Loan Agreement, and termination of the Loan Agreement, the Administrative Agent shall deliver a Payoff Notice to the Safekeeping Agent in the form attached hereto as Exhibit B.
The (Purchaser) Royalty Earn Out Payments will be shared by the MCA Lenders and the Liquidating Trust in the following percentages: (i) 50% to the MCA Lenders and (ii) 50% to the Liquidating Trust (each, a “Royalty Pro Rata Share”) until the AllowedClass 2 Claim is paid in full pursuant to the Payoff Notice; at which time, the Liquidating Trust shall be entitled to all (100%) amounts due and owing under the (Purchaser) Royalty Earn Out Payments.
On each Business Day on which a Loan Request, Interest Rate Election and Payoff Notice is delivered to the Lead Administrative Agent, the Lead Administrative Agent shall notify the applicable Lenders (which notification may be telephonic and, if telephonic, shall be promptly confirmed in writing) no later than 11:00 a.m. (Los Angeles time) or in the case of a Swing Loan, 11:30 a.m. (Los Angeles time)) of the aggregate amount of Primary Loans and/or Swing Loans which will be funded on such date.
By delivering a Loan Request, Interest Rate Election and Payoff Notice to the Credit Agent, the Company shall be deemed to have represented and warranted the accuracy and completeness of the statements set forth in subparagraphs (b)(1) through (b)(7) above and all information set forth in such Loan Request, Interest Rate Election and Payoff Notice.
Importantly, the Lift Stay Order lays out the procedure for GACP to abandon any of its collateral: “Prior to the Payoff Notice Date, the Agent shall not abandon any of the Stay Relief Collateral without consent of the Debtors, the Committee, and the Prepetition ABL Agent (or their successors and assigns) or order of the Court.” (Case No. 20-33627, ECF No. 553 at 8).
By delivering a Loan Request, Interest Rate Election and Payoff Notice to the Lead Administrative Agent, the Company shall be deemed to have represented and warranted the accuracy and completeness of the statements set forth in subparagraphs (b)(1) through (b)(6) above and all information set forth in such Loan Request, Interest Rate Election and Payoff Notice.