Paid in Full Date definition

Paid in Full Date. Borrowers Obligations (other than contingent indemnity and reimbursement obligations not then due and payable and Obligations under or in respect of Specified Swap Agreements and Specified Cash Management Agreements) shall have been satisfied by payment in full, no Letter of Credit shall be outstanding (or all Letters of Credit shall have been fully cash collateralized in accordance with the terms of the Credit Agreement) and the Commitments shall be terminated.
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Paid in Full Date means the earlier to occur of (a) the date that is one hundred twenty- three (123) days after the date on which all the Credit Facility Obligations have been satisfied by indefeasible payment in full in cash (unless during such one hundred twenty-three (123) day period (i) any preference or similar claim is made upon Fannie Mae or any lender in respect of any Fannie Mae Credit Facility, or (ii) any Insolvency Proceeding in respect of the Company or any Fannie Mae Borrower is commenced, in any of which events the Paid in Full Date shall be deemed not to have occurred until such claim is resolved to the satisfaction of Fannie Mae or, in the case of any Insolvency Proceeding, such Insolvency Proceeding is completed and any such claim made in connection with such Insolvency Proceeding is resolved to the satisfaction of Fannie Mae); and (b) the date that is one hundred twenty-three (123) days after the date on which the Company and the Fannie Mae Borrowers have received (or deemed to have received) payment in cash from the Investors in respect of proceeds of Equity Draws hereunder in amount equal to $10,000,000 (of which $6,000,000 has been drawn as of the date hereof) pursuant to and strictly in accordance with this Agreement (unless during such one hundred twenty-three (123) day period
Sample 1
Paid in Full Date means the earlier to occur of (a) the date that is one hundred twenty-three (123) days after the date on which all the Credit Facility Obligations have been satisfied by indefeasible payment in full in cash (unless during such one hundred twenty-three (123) day period (i) any preference or similar claim is made upon Xxxxxx Xxx or any lender in respect of any Xxxxxx Xxx Credit Facility, or (ii) any Insolvency Proceeding in respect of the Company or any Xxxxxx Xxx Borrower is commenced, in any of which events the Paid in Full Date shall be deemed not to have occurred until such claim is resolved to the satisfaction of Xxxxxx Xxx or, in the case of any Insolvency Proceeding, such Insolvency Proceeding is completed and any such claim made in connection with such Insolvency Proceeding is resolved to the satisfaction of Xxxxxx Xxx); and (b) the date that is one hundred twenty-three (123) days after the date on which the Company and the Xxxxxx Xxx Borrowers have received (or deemed to have received) payment in cash from the Investors in respect of proceeds of Equity Draws hereunder in amount equal to $10,000,000 (of which $6,000,000 has been drawn as of the date hereof) pursuant to and strictly in accordance with this Agreement (unless during such one hundred twenty-three (123) day period (i) any preference or similar claim is made upon Xxxxxx Xxx or any lender in respect of any Xxxxxx Xxx Credit Facility or this Agreement, or (ii) any Insolvency Proceeding in respect of the Company, any Xxxxxx Xxx Borrower or any Investor is commenced, in any of which events the Paid in Full Date shall be deemed not to have occurred until such claim is resolved to the satisfaction of Xxxxxx Xxx or, in the case of any Insolvency Proceeding, such Insolvency Proceeding is completed and any such claim made in connection with such Insolvency Proceeding is resolved to the satisfaction of Xxxxxx Xxx).
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Examples of Paid in Full Date in a sentence

  • The obligations of each Qualified ECP Guarantor under this Section 2.8 shall remain in full force and effect until the Paid in Full Date.


More Definitions of Paid in Full Date

Paid in Full Date means the date on which all Obligations under the Credit Agreement, including the Guaranteed Obligations, have been indefeasibly satisfied by payment in full in cash, all Commitments under the Credit Agreement have been terminated and all Letters of Credit Issued under the Credit Agreement have expired, have been discharged, or have been cash collateralized in accordance with the terms of the Credit Agreement.
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Related to Paid in Full Date

  • Paid in Full or “Payment in Full” means the indefeasible payment in full in cash of all of the Guaranteed Obligations.

  • unpaid A Debt which has not been fully paid;

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Bill Date The date when a CenturyLink service is billed and/or invoiced to a customer. The Bill Date is generally the date one (1) Day past the billing cycle close date and will appear on any such bill or invoice.

  • Reimbursement Date as defined in Section 2.4(d).

  • Reinstatement Date means the date from which a policy will be reinstated after cancellation.

  • Scheduled Observation Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been an Observation Date.

  • accrued is used in its accounting sense, i.e., an amount paid is no longer accrued. In the calculation of amounts of things, differences and sums may generally result in negative numbers, but when the calculation of the excess of one thing over another results in zero or a negative number, the calculation is disregarded and an "excess" does not exist. Portions of things may be expressed as fractions or percentages interchangeably.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Unpaid Interest means, on any Distribution Date with respect to any Class of Interests or Certificates (other than the Residual Certificates), the portion of Distributable Certificate Interest for such Class remaining unpaid as of the close of business on the preceding Distribution Date, plus one month's interest thereon at the applicable Pass-Through Rate.

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Collection Date The date following the Termination Date on which the Aggregate Unpaids have been reduced to zero and indefeasibly paid in full.

  • Liquidation Date means (a) in the case of an event giving rise to the dissolution of the Partnership of the type described in clauses (a) and (b) of the first sentence of Section 12.2, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to continue the business of the Partnership has expired without such an election being made, and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs.

  • Reimbursement Amounts As defined in Section 3.22.

  • Highest Last Dealt Price means the highest price transacted for a Share as recorded on the market day on which there were trades in the Shares immediately preceding the day of the making of the offer pursuant to the Off-Market Purchase; and

  • Reimbursement Rate shall have the meaning assigned to such term or the term “Advance Rate” or an analogous term in the Servicing Agreement.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • paid means paid or credited as paid;

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Disbursement Date is defined in Section 2.6.2.

  • Class Unpaid Interest Amounts As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.

  • Scheduled Final Payment Date means, with respect to the Storm Recovery Bonds, the date with respect to each tranche when all interest and principal is scheduled to be paid in accordance with the Expected Sinking Fund Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date shall be the last Scheduled Payment Date set forth in the Expected Sinking Fund Schedule. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Storm Recovery Bonds.

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.