Payoff Period definition

Payoff Period. For the first Distribution Date, the period from the Cut-Off Date through November 14, 2005, inclusive; and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.
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Payoff Period. For the WMB Loans and for the first Distribution Date, the period from the Cut-Off Date through May 14, 2007, inclusive; and for the WMB Loans and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive. For the GreenPoint Loans and for any Distribution Date, the Prior Period for such Distribution Date.
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Payoff Period. With respect to the first Distribution Date, the period from the Cut-Off Date through October 14, 1997, inclusive; and with respect to any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.
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Examples of Payoff Period in a sentence

  • In the event the Loan Payoff Amount is paid by FreshRealm to Calavo within the Loan Payoff Period, the Senior Amended Note, the Second Note and Amended Security Agreements shall be terminated by Calavo, and Calavo shall promptly terminate any security interest filings that it may have filed against the assets and collateral of FreshRealm.

  • If your interest rate increases pursuant to the paragraph above in this Section, the result is that you would be required to make larger monthly payments so that your loan is paid off within the remaining Payoff Period defined in the chart in the immediately following section.

  • At all times following the expiration of the Conditional Payoff Period, on the last day of each fiscal quarter, the Collateral Coverage Ratio shall be at least 1.10 to 1.00.

  • At the time of each credit advance a payoff period will be established based upon the following chart for the outstanding balance then owed at the time of the last advance: Range of Balances Payoff Period Up to $10,000.00 60 Monthly Payments $5,000.01 to $20,000.00 96 Monthly Payments $20,000.01 and Above 120 Monthly Payments The length of the repayment period will depend on the balance at the time of the last advance you obtain before the draw period ends.

  • All funds received during the Conditional Payoff Period as a result of a Prepayment Event (or otherwise), under the Conditional Payoff Guaranty and all POWER Insurance Proceeds (as defined below) shall be credited towards satisfaction of the Payoff Condition.

  • Section 6.12 of the Credit Agreement is hereby restated in its entirety as follows: (a) “Minimum Liquidity: Commencing on the first anniversary of the Obligation Guaranty and at all times until the expiration of the Conditional Payoff Period, the Borrower’s and its subsidiaries’ cash on deposit shall be at least $1 million.

  • Following the Conditional Payoff Period, the preceding two sentences shall be disregarded and interest shall accrue and be payable as otherwise provided pursuant to the Credit Agreement.

  • For the purpose of calculating the amount of cash interest due during the Conditional Payoff Period, the Payoff Period Interest Calculation Amount shall be deemed to include Eurodollar Loans first and ABR Loans second.

  • All other scheduled payments of principal that shall become due and payable pursuant to the Credit Agreement during the Conditional Payoff Period shall be deferred and, if the Payoff Condition does not occur, shall be due on the first Business Day following the Conditional Payoff Period.

  • Upon the expiration of the Conditional Payoff Period, Guarantor unconditionally and absolutely agrees to pay the then unpaid amount of the Guaranteed Obligations.


More Definitions of Payoff Period

Payoff Period with interest to the date of Payoff or liquidation less any amounts to be withdrawn later by the applicable Servicers from the applicable Buydown Fund Accounts; and
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Payoff Period shall have the meaning specified in Section 14.5(a).
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Payoff Period. As defined in Section 4.01(d).
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Payoff Period. With respect to any Distribution Date, the period from the first day of the month of such Distribution Date through the fourteenth day of such month.
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Payoff Period. With respect to the first Distribution Date, the period from the Cut-Off Date through May 14, 1999, inclusive; and with respect to any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive Percentage Interest: (a) With respect to the right of each Certificate of a particular Class in the distributions allocated to such Class, "Percentage Interest" shall mean the percentage undivided beneficial ownership interest evidenced by such Certificate of such Class, which percentage shall equal: (i) with respect to any Certificate (other than the Residual, Class I-A-1, Class I-A-9 and Class X Certificates), its Certificate Principal Balance divided by the applicable Class Principal Balance; (ii) with respect to the Class X and Class I-A-9 Certificates, the portion of the respective Class Notional Amount evidenced by such Certificate divided by the respective Class Notional Amount; (iii) with respect to the Class I-A-1 Certificates, its Certificate Principal Balance divided by the applicable Class Principal Balance; provided that if the Class I-A-1 Principal Balance has been reduced to zero but the respective Component Notional Amounts thereof are greater than zero, the aggregate of the Component Notional Amounts evidenced by such Certificate divided by the aggregate of the Component Notional Amounts of Component I-A-1; and (iv) with respect to the Residual Certificates, the percentage set forth on the face of such Certificate. (b) With respect to the rights of each Certificate in connection with Sections 5.09, 7.01, 8.01(c), 8.02, 8.07, 10.01 and 10.03, "Percentage Interest" shall mean the percentage undivided beneficial interest evidenced by such Certificate in REMIC III, which for purposes of such rights only shall equal: (A) if the Class I-A-1 Principal Balance is greater than zero or if the Class I-A-1 Principal Balance and the Component Notional Amounts of Component I-A-1-1, Component I-A-1-2 and Component I-A-1-3 have all been reduced to zero; (i) with respect to any Certificate (other than any Class of the Class X Certificates, the Class I-A-9 and Class R-3 Certificates), the product of (x) ninety-six percent (96%) and (y) the percentage calculated by dividing its Certificate Principal Balance by the Aggregate Certificate Principal Balance of the Certificates; provided, however, that the percentage in (x) above shall be increased by one percent (1%) upon each retir...
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Related to Payoff Period

  • Off-Peak Period means the period during which the demand on an electric utility system is not at or near its maximum. For the purpose of this section, the off-peak period includes all hours that are not in the peak period.

  • Tariff period means the period for which tariff is to be determined by the Commission on the basis of norms specified under these Regulations;

  • Shelf Period has the meaning set forth in Section 2.02(b).

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Run-out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • Period End Date The 15th day of each calendar month, with Adjustment. Fixed Rate: [ ]%. Fixed Rate Day Count Fraction: 30/360. Floating Amounts: Floating Rate Payer: [ ]. Floating Rate Payer Payment Dates: The 15th day of each calendar month commencing on [ ], subject to adjustment in accordance with the Following Business Day Convention.

  • PAGA Period means the period from November 12, 2020 to March 7, 2023.

  • Lock-out Period means the period from, and including, the day following the Interest Determination Date to, but excluding, the corresponding Interest Payment Date;

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.