Debt Payoff definition

Debt Payoff has the meaning set forth in the Recitals of this Agreement.

Debt Payoff shall have the meaning set forth in Section 5.19(a)(ix).

Debt Payoff means the termination of all commitments under the Existing Credit Facilities, the repayment in full obligations under the Existing Credit Facilities, the release of any guarantees relating to the “Secured Obligations” as defined in the ABL and the “Obligations” as defined in the Term Facility and the release of any Liens or other security interests securing such Secured Obligations or Obligations, as the case may be.

Examples of Debt Payoff in a sentence

• Payoff of or Paydown of Debt: Payoff or paydown of debt solely to qualify must be carefully evaluated and considered in the overall loan analysis.

• The party completing this form asserts that the following is a complete list of marital debts and current pay-offs:Debt should be paid by: Debt Pay-off Husband Wife Parties Equally Under penalty of perjury, I hereby swear that the statements above are correct to the best of my knowledge, information and belief.

• The Company Pre-Closing Certificate shall also identify the amount of Repaid Indebtedness and the Debt Payoff Recipients.

• At or prior to Closing, any financing statement terminations and Encumbrance releases shall have been filed as necessary to remove any Encumbrances (other than Permitted Encumbrances) applicable to any of the Assets with respect to the Senior Debt, or the Senior Debt Payoff Letters shall state that such financing statement terminations and Encumbrance releases shall be filed after indefeasible payment in full of the amounts set forth in the Senior Debt Payoff Letters.

• At or prior to Closing, Milagro shall obtain payoff letters for all amounts of the Senior Debt owed by Milagro immediately prior to Closing (the “Senior Debt Payoff Letters”) to TPG Specialty Lending, Inc.

More Definitions of Debt Payoff

Debt Payoff has the meaning set forth in Section 6.09(a)(x).

Debt Payoff has the meaning given that term in Section 1.2(b) (i).

Debt Payoff. “Debt Payoff” has the meaning set forth in Section 4.7.

Debt Payoff means the aggregate amount necessary to discharge all Indebtedness of the Company outstanding as of the Closing Date, excluding the Convertible Debt.

Debt Payoff has the meaning specified in Section 4.04(b).

Debt Payoff has the meaning set forth in Section 3.1(f).

Debt Payoff shall have the meaning set forth in Section 3.02(a)(i)(a).