Loan Payoff Date definition

Loan Payoff Date means the date on which all principal, interest, fees and any other amounts owing in respect of the Loans (other than Contingent Obligations as to which no claim has been made) have been paid in full.
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Loan Payoff Date means the date of the full satisfaction of Borrower Partner’s Obligations under the Credit Agreement, so long as such satisfaction does not arise out of a Liquidation Event.
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Examples of Loan Payoff Date in a sentence

  • Furthermore, the Holder will not, during the period ending on the earlier of (x) April 12, 2019 and (y) the Loan Payoff Date, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, the Warrant.

  • Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document or any other document furnished in connection herewith or therewith in accordance with a request of the Majority Lenders or the Controlling Parties (or, prior to the occurrence of the Loan Payoff Date, the Administrative Agent), as applicable, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders.

  • Until the occurrence of the Loan Payoff Date, the Administrative Agent shall be entitled to provide any directions, consents or instructions hereunder on behalf of the Controlling Parties, and the Collateral Agent is hereby authorized to accept any such direction, consent or instruction from the Administrative Agent on the Controlling Parties behalf.

  • The Subordinated Noteholders agree, for the benefit of all Lenders, not to cause the filing of a petition in bankruptcy against the Borrower for failure to pay to them amounts due hereunder or otherwise in respect of the Subordinated Notes until the Loan Payoff Date, and not before one year and one day have elapsed since such payment or, if longer, the applicable preference period then in effect in accordance with the Bankruptcy Code plus one day.

  • The Administrative Agent shall give prompt written notice to the Collateral Agent of the occurrence of the Loan Payoff Date.

  • The Borrower and the LHC acknowledge and agree that the Construction Lender is financing the Construction Loan in reliance on a Take-out Commitment from the LHC on the Construction Loan Pay-off Date and that the Take-out Commitment requires the Borrower to have executed and delivered all of the NLRP Loan Documents.

  • If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest and all other amounts payable under this NLRP Note and any other NLRP Loan Document shall at once become due and payable, at the option of the Construction Lender during the Construction Loan Term and at the option of the Permanent Lender on and after the Construction Loan Pay-off Date, without any prior notice to Borrower.

  • This Agreement shall be binding upon and inure to the benefit of the respective successors and assigns of the Obligors and the Secured Parties; provided that none of the Obligors shall assign or transfer its rights or obligations hereunder without the prior written consent of each of the Collateral Agent, the Revolving Administrative Agent and, prior to the Term Loan Payoff Date, the Term Loan Lender.

  • The Borrower acknowledges that the Corporation, in selecting the Borrower for the award of a Take- out Commitment to the Construction Lender financing the Qualified Project prior to the Construction Loan Pay-off Date, relied in material part upon the assured completion of the Qualified Project and that the Borrower assures the Corporation that the activities to be completed by the Borrower shall be completed in accordance with Attachment C of this NLRP Regulatory Agreement.

  • Subject to the provisions of Section 7.2(b), so long as no Event of Default shall have occurred and remain uncured (to the extent capable of cure) or shall not have been waived by Lender, the Intellectual Property may not be licensed or Transferred at any time prior to the Loan Payoff Date without the consent of all Partners.

Related to Loan Payoff Date

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

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

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Loan Pool means: (a) in the context of a Securitization, any pool or group of loans that are a part of such Securitization; (b) in the context of a Transfer, all loans which are sold, transferred or assigned to the same transferee; and (c) in the context of a Participation, all loans as to which participating interests are granted to the same participant.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Noteless Loan means a Loan with respect to which (i) the related loan agreement does not require the obligor to execute and deliver an Underlying Note to evidence the indebtedness created under such Loan and (ii) no Underlying Notes are outstanding with respect to the portion of the Loan transferred by the issuer or the prior holder of record.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.