Final Payoff definition

Final Payoff. All teachers contracted for 186 days per year will receive their final paycheck on June 20th. Payment will be issued on Friday if June 20th falls on a Saturday or Sunday. Teachers who work more than 186 contract days (extended contract) or teachers who work on a stretch calendar and the stretch calendar ends after June 15th will be paid on June 30th. Payment will be issued on Friday if June 30th falls on a Saturday or Sunday.
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Examples of Final Payoff in a sentence

  • Dynamics of Borrower-Lender Interaction: Partitioning Final Payoff in Venture Capital Finance.

  • These two initiatives will continue to be deployed and fine-tuned in 2015 to enhance their visibility at the entrance of the Marcoule centre.I leave this report in your hands to discover the rest of our key actions from 2014 in greater detail, which reflect our main mis- sions and strategy.

  • Final Payoff Date --------- ------------------ ---------------- ----------------- New 10% of original Due 90 days 15 months from amount financed.

  • Final Payoff Date New 10% of original Due 90 days 15 months from amount financed.

  • Notwithstanding any provision hereof, at all times prior to the Final Payoff Date all obligations of the Trust and any claims arising from this Agreement or any transactions contemplated by this Agreement shall be limited solely to the assets of the Trust and payable in accordance with the Basic Documents.

  • Any payments owing to CRG arising from a final determination that the Final Payoff Amount is in excess of $59 million shall first be paid by the Company without resort to the letter of credit posted by Cardinal Health 414, and such letter of credit shall only be a secondary resource in the event of failure of the Company to make payment to CRG.

  • Local services can also form the basis for experimenting with new technology such as low emission vehicles, which could also contribute to the current pro-posals for low emission zones.

  • From the date hereof until the Final Payoff Date, unless Purchaser and the Agent shall otherwise consent in writing, Seller shall perform its Obligations under this Section 10.2.

  • Final Payoff Distribution for Last Five RoundsWe considered a simple proposer-responder en- vironment with randomly rematched partners.

  • This statement indicates the actual amount you will be required to repay on the proposed payoff date.What do I need to get a Final Payoff Statement?The information needed to receive a Final Payoff Statement will vary slightly, depending on the action that you are taking to pay off your loan.

Related to Final Payoff

  • Final Pay means the Executive’s highest annualized Base Salary for the five (5) years prior to Separation from Service or Change in Control, including the year such Separation from Service or Change in Control occurs.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Final Payout Date means the date on or after the Termination Date when (i) the Aggregate Capital and Aggregate Interest have been paid in full, (ii) all Borrower Obligations shall have been paid in full, (iii) all other amounts owing to the Credit Parties and any other Borrower Indemnified Party or Affected Person hereunder and under the other Transaction Documents have been paid in full and (iv) all accrued Servicing Fees have been paid in full.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Final Payment Percentage is five percent (5.00%).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Reimbursement Amount As defined in Section 2.04.

  • Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Scheduled Final Payment Date means, with respect to the Storm Recovery Bonds, the date with respect to each tranche when all interest and principal is scheduled to be paid in accordance with the Expected Sinking Fund Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date shall be the last Scheduled Payment Date set forth in the Expected Sinking Fund Schedule. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Storm Recovery Bonds.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Lender Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to Borrower.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.