Payoff Date definition

Payoff Date means the first date on which all of the Obligations are paid in full and the Commitments of the Lenders are terminated.

Payoff Date means the first date on which all of the Obligations are paid in full and the Revolver Commitments of the Lenders are terminated.

Payoff Date has the meaning given in Section 2.3(d).

Examples of Payoff Date in a sentence

• All accrued and unpaid interest shall be due and payable on the Payoff Date.

• Upon the Payoff Date, the security interest granted pursuant to this Section 5 shall terminate, and Lender shall promptly execute and deliver to the Company such documents and instruments reasonably requested by the Company as shall be necessary to evidence termination of all security interests given by the Company to Lender hereunder.

• Beginning with the third Payment Event of Default and continuing with each Payment Event of Default thereafter, the applicable Minimum Interest multiple will increase by 0.015 on the Payoff Date upon the occurrence of each such Payment Event of Default regardless of whether or not such Payment Event of Default is subsequently cured.

• Notwithstanding such Acknowledged Non-Compliance, the Administrative Agent and the Lenders hereby agree to waive, solely through the Payoff Date, the Acknowledged Non-Compliance.

• Notwithstanding anything to the contrary contained in this Certificate of Incorporation, at any time prior to the Payoff Date, no holder of Shares shall have any right to receive, demand or cause to become due or payable any payment, other than in Shares as provided in Section 6.2(a), in respect of such Shares to the extent that such payment, other than in Shares as provided in Section 6.2(a), would not be permitted under the Financing Documents at such time.

More Definitions of Payoff Date

Payoff Date means the first date on which all of the Obligations (other than unasserted contingent obligations) are paid in full.

Payoff Date means the first date following the Termination Date on which the Loan Balance has been indefeasibly reduced to zero and all accrued Interest, Usage Fee Amount, Unused Fee Amount and all other Secured Obligations have been indefeasibly paid in full. [***] Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential Treatment has been requested with respect to the omitted portions.

Payoff Date means the date on which all Obligations (as defined in the Credit Agreement) have been indefeasibly paid in full to Bank (as defined in the Credit Agreement) in immediately available funds and all Commitments (as defined in the Credit Agreement) of Bank to extend financial accommodations to any Borrower (as defined in the Credit Agreement) have been terminated.

Payoff Date means the first date on which all of the Obligations (other than Bank Product Obligations that, at such time, are not required to be repaid or cash collateralized in accordance with Section 1.4) are paid in full and the Commitments of Lenders are terminated.

Payoff Date means the date on which all principal and interest on the Notes and any other amounts directly related to Series 2002-A payable to any Noteholder, the Administrator or the Funding Agent under the Transaction Documents have been indefeasibly paid in full.

Payoff Date means the date on which all principal and interest on the Notes and any other amounts directly related to Series 2006-A payable to any Noteholder under the Transaction Documents have been indefeasibly paid in full.

Payoff Date is defined in Section 9.9.