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 February 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 Countrywide 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

  • The permanence point which had been taken on behalf of the OSS was also inadequately supported by authority.

  • The net effect of the reduced accuracy is to understate usage, thereby decreasing revenue.

  • During the Conditional Payoff Period, interest shall accrue only on the Payoff Period Interest Calculation Amount, which interest shall be due on the last Business Day of each month notwithstanding Interest Payment Dates otherwise provided in the Credit Agreement.

  • 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.

  • The “ Payoff Period Interest Calculation Amount” means $25,000,000 minus the principal amount of Loans prepaid following the Effective Date during the Conditional Payoff Period.

  • 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.

  • At all times following the expiration of the Conditional Payoff Period, the Borrower’s and its subsidiaries’ cash on deposit shall be at least $5 million.” (b) Minimum Collateral Coverage Ratio: At all times from May 1, 2021 until the expiration of the Conditional Payoff Period there shall be no minimum Collateral Coverage Ratio.

  • 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.

  • 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.

  • During the Conditional Payoff Period, any event or circumstance that would otherwise constitute an Event of Default under the Credit Agreement or any other Loan Document (other than this Agreement), regardless of whether capable of cure, shall not constitute an Event of Default, until the expiration of 30 days from the occurrence of such event or the existence of such circumstance.


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. 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 shall have the meaning specified in Section 14.5(a).
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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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Payoff Period. As defined in Section 4.01(d).
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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;

  • Acquisition Period means any period commencing on the date that a Material Acquisition is consummated through and including the last day of the second full fiscal quarter following the date on which such acquisition is consummated; provided that there shall be at least one full fiscal quarter between any two Acquisition Periods.

  • Scheduled Black-Out Period means the period from and including the last day of a fiscal quarter of the Company to and including the business day after the day on which the Company publicly releases its earnings for such fiscal quarter.

  • 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).

  • Post-Transaction Period means, with respect to any Specified Transaction, the period beginning on the date such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated.

  • 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.

  • Post-Acquisition Period means, with respect to any Permitted Acquisition, the period beginning on the date such Permitted Acquisition is consummated and ending on the last day of the sixth full consecutive fiscal quarter immediately following the date on which such Permitted Acquisition is consummated.

  • 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.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Specified Acquisition Period means a period elected by the Borrower that commences on the date elected by the Borrower, by notice to the Administrative Agent, following the occurrence of a Specified Acquisition and ending on the earliest of (a) the third Quarterly Testing Date occurring after the consummation of such Specified Acquisition, (b) the date designated by the Borrower as the termination date of such Specified Acquisition Period, or (c) the Quarterly Testing Date on which the Borrower is in compliance with Section 7.09 as such compliance is determined as if such period was not a Specified Acquisition Period; provided, in the event the Leverage Ratio exceeds 5.00 to 1.00 as of the end of any Fiscal Quarter in which a Specified Acquisition has occurred, the Borrower shall be deemed to have so elected a Specified Acquisition Period with respect thereto on such last day of such Fiscal Quarter, and provided, further, following the election (or deemed election) of a Specified Acquisition Period, the Borrower may not elect (or be deemed to have elected) a subsequent Specified Acquisition Period unless, at the time of such subsequent election, the Leverage Ratio does not exceed 5.00 to 1.00; and provided further with respect to a Specified Acquisition by an Unrestricted Subsidiary or a joint venture, a Specified Acquisition Period may be elected by the Borrower (or may be deemed elected by the Borrower) only if the consideration for such Specified Acquisition is raised by the Borrower or a Subsidiary. Only one Specified Acquisition Period may be elected (or deemed elected) with respect to any particular Specified Acquisition.

  • 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 3.6(a).

  • Payback Period means the reasonably estimated period of time that it takes for the cost savings resulting from a capital improvement to equal the total cost of the capital improvement. Landlord, by itself or through an affiliate, shall have the right to directly perform, provide and be compensated for any services under this Lease. If Landlord incurs Expenses for the Building or Property together with one or more other buildings or properties, whether pursuant to a reciprocal easement agreement, common area agreement or otherwise, the shared costs and expenses shall be equitably prorated and apportioned between the Building and Property and the other buildings or properties.

  • 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 May 10, 2022, through May 21, 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.

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Pre-Deconsolidation Period means any taxable period beginning on or prior to the applicable Deconsolidation Date.

  • Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.

  • Sale Period has the meaning set forth in Section 8.7,

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.