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

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • The Borrower agrees to execute and deliver all of the NLRP Loan Documents on or before the date that the Take-out Commitment is funded by the LHC and to accept the NLRP Loan on the Construction Loan Pay-off Date.

  • The Borrower shall deliver to the Construction Lender a Completion Certificate signed by the Authorized Borrower Representative on or before the Construction Loan Pay-off Date.

Related to Loan Payoff Date

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

  • 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.