Payoff Amount Sample Clauses
Payoff Amount. The aggregate amount of Obligations owing by the Borrower on the date of this letter (the “Payoff Amount”) is as follows: Principal $0 Accrued Interest $0 Accrued Commitment Fees $_____ Accrued Letter of Credit Fees $_____ Total Payoff Amount $_____ provided, however, if the Payoff Amount is not paid in full (without condition or deduction for any counterclaim, defense, recoupment or setoff) to the Administrative Agent in Dollars in immediately available funds prior to 2:00 p.m. Eastern time on the date of this letter, as long as the Borrower has not requested any Borrowing after the date hereof, the Payoff Amount shall be increased by $[] for each twenty-four (24) hour period (or portion thereof) thereafter until the receipt of the Payoff Amount (as so increased).
Payoff Amount. Merger Partner will make a payment in an amount of $6,000,000 in the aggregate available for the purpose of satisfying the Payoff Obligation and other outstanding liabilities of Public Company (not taking into account any liabilities of the subsidiaries of Public Company) prior to or at the Effective Time (the “Payoff Amount”).
Payoff Amount. Seller shall promptly use the Payoff Amount to pay, satisfy, discharge and perform in respect of all liabilities, obligations and indebtedness of Seller under the Bank Credit Agreements as of the Closing Date.
Payoff Amount. SHW shall pay Three Million Dollars ($3,000,000) (the "Pay-off Amount") to the Bank of Tokyo-Mitsubishi by wire transfer to the account designated on Schedule 1, attached hereto.
Payoff Amount. The aggregate amount of Obligations owing by the Borrower on the date of this letter (the “Payoff Amount”) is as follows: Principal $0 Accrued Interest $0 Accrued Commitment Fees $_____ Accrued Letter of Credit Fees $_____ Total Payoff Amount $_____ SC1:3922355.6 provided, however, if the Payoff Amount is not paid in full (without condition or deduction for any counterclaim, defense, recoupment or setoff) to the Administrative Agent in Dollars in immediately available funds prior to 2:00 p.m. Eastern time on the date of this letter, as long as the Borrower has not requested any Borrowing or Letter of Credit after the date hereof, the Payoff Amount shall be increased by $[●] for each twenty-four (24) hour period (or portion thereof) thereafter until the receipt of the Payoff Amount (as so increased).
Payoff Amount. As of May 10, 2024 (the “Scheduled Payoff Date”), the aggregate amount payable to discharge the Obligations in full, including principal, accrued interest, fees and expenses is $50,345,538 (the “Payoff Amount”), the details of which are set forth below: Outstanding Principal plus Accrued but Unpaid Interest $45,450,538 Prepayment Premium $4,800,000 Legal Fees and Expenses $95,000 Payoff Amount $50,345,538 If the Payoff Date (as defined below) does not occur until after 12:00 noon (Eastern Time) on the Scheduled Payoff Date, the Payoff Amount shall be increased by $16,172 (the “Per Diem Amount”) on a daily basis until the Payoff Date. This Letter shall terminate and be of no force or effect if the Payoff Date does not occur by 5:00 p.m. (Eastern Time) on May 15, 2024. Nothing in this Letter, including the inclusion of the Per Diem Amount, shall be construed as an amendment to Section 2.07 of the Credit Agreement, which provides that all accrued and unpaid Obligations are due and payable on the Termination Date.
Payoff Amount. At the Closing, the Buyer shall cause to be remitted on behalf of the Company (i) to each Lender (or an agent on behalf of all such Lenders) an amount by wire transfer of immediately available funds, as specified in the applicable Payoff Letter, necessary to repay all outstanding principal and accrued but unpaid interest thereon up to and including the Closing Date owed by the Company or any Company Subsidiary, pursuant to the applicable Loan Agreements, and any prepayment, defeasance or similar fees or penalties, and any and all costs and expenses of the Lenders related to such payoffs and (ii) immediately available funds in an amount (as reasonably and mutually agreed between the Buyer and the Company prior to the Closing, provided that such amount will not be less than the amount required to redeem the Redeemed Notes on the applicable redemption date assuming the applicable interest rates remain the same as of the Closing Date and giving effect only to market announcements that have been announced prior to the Closing Date) sufficient to repay and redeem in full the debt instruments listed on Schedule 2.02(c)(ii) of the Company Disclosure Letter (to the extent outstanding as of the Closing Date) (the “Redeemed Notes”) on the applicable redemption date set forth in the applicable Redemption Notice (collectively, the “Payoff Amount”); provided that at the Closing, Buyer may, at its sole option, remit or cause to be remitted all or a portion of the amount sufficient to repay and redeem the Redeemed Notes to a third party trustee or escrow agent reasonably agreed by the Buyer and the Company.
Payoff Amount. Not later than 3:00 p.m. New York City time on the date hereof, the Issuing Entity shall pay (or caused to be paid) to CS NYB, as Managing Agent for the CS Purchaser Group, the following amounts with respect to the Series 2012-VFN Note held by CS NYB on behalf of the CS Purchaser Group: Principal: $8,823,529.41 Accrued Series 2012-VFN Monthly Interest: $32,467.65 Accrued Non-Use Fees: $74,154.41
Payoff Amount. The total principal amount of all Loans outstanding under the Credit Agreement as of the date hereof is $72,000,000. The total amount of interest, fees and other amounts due under the Credit Agreement as of the date hereof is $404,782.22. The total payoff amount of principal, interest, fees and all other amounts due under the Credit Agreement as of the date hereof is $72,404,782.22 (the "Payoff Amount").
Payoff Amount. On the Closing Date, Buyer shall retain out of the Total Inventory Price an amount equal to US$250,000.00 (the "Payoff Amount") representing a partial payment to be applied toward the anticipated resolution of disputed accounts payable from Seller to Buyer as of the Closing Date with respect to invoices issued by Buyer to Seller on or prior to September 15, 2000 relating to products other than Consumer Products ("Disputed Accounts Payable"). All Disputed Accounts Payable are listed by Seller, in good faith, on Schedule 1(h). Buyer and Seller will use their respective best efforts to resolve all Disputed Accounts Payable within sixty (60) days after Closing. Any Disputed Accounts Payable, if not earlier resolved, shall be resolved within one hundred twenty (120) days after the Closing Date by an independent accounting firm utilizing the procedures described in Section 1(d). All resolved amounts shall be paid within ten (10) days following such resolution. Any invoices issued by Buyer to Seller on or prior to September 15, 2000 which are not listed on Schedule 1(h), shall no longer be disputed by Seller and shall be paid to Buyer on or before the invoice due date.