Payoff Price definition
Payoff Price means an amount equal to the sum of the unpaid Investor Interest (including any amounts by which the Investor Interest had previously been reduced for reasons other than payments of principal, but not reimbursed) and accrued and unpaid amounts and Monthly Interest and Prior Period Interest on the Offered Notes at the respective Offered Note Rates through the day preceding the Payoff Date, less amounts, if any, on deposit on the Payoff Date in the Payment Account for the payment of accrued and unpaid principal and interest on the Notes.