Payoff Agreement definition

Payoff Agreement means the payoff and release agreement to be entered into by the Collateral Agent and Administrative Agent, the financial institutions party to the Existing Back-Leverage Financing, Seller and Buyer in connection with the payoff, termination and release of the Existing Back- Leverage Financing and the credit facilities thereunder, in form and substance reasonably satisfactory to Seller and Buyer, and which shall specify, as of the Closing Date, (i) the amount required to be paid to terminate the Existing Back-Leverage Financing (exclusive of the Swap Breakage Fees) and (ii) the Swap Breakage Fees.
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Payoff Agreement means the payoff and release agreement to be entered into by the Collateral Agent and Administrative Agent, the financial institutions party to the Existing Back-Leverage Financing, Seller and Buyer in connection with the payoff, termination and release of the Existing Back-Leverage Financing and the credit facilities thereunder, in form and substance reasonably satisfactory to Seller and Buyer, and which shall specify, as of the Closing Date, (i) the amount required to be paid to terminate the Existing Back-Leverage Financing (exclusive of the Swap Breakage Fees) and (ii) the Swap Breakage Fees.
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Payoff Agreement has the meaning set forth in Section 1.4(a)(xii).
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Examples of Payoff Agreement in a sentence

  • The Payoff Agreement did not terminate the Canadian revolving credit facility but highlighted that the underlying agreements to the Canadian revolving facility would continue in full force until such time as they are terminated.

  • Said court order must approve the terms and conditions of the short sale and the Discount Payoff Agreement.

  • After Closing but on the Closing Date, Buyer shall cause the Sale Entities to terminate the interest rate hedging arrangements that are the subject of the Swap Novation Agreements and pay the Swap Breakage Fees in connection with such termination in accordance with the Payoff Agreement.

  • Prior to the Closing Date, Seller shall repay in full the Indebtedness (other than interest rate hedges that are the subject of the Swap Novation Agreements) in respect of, and terminate, the Existing Back-Leverage Financing and cause all liens and guarantees granted in connection therewith (except with respect to interest rate hedges that are the subject of the Swap Novation Agreements) to be terminated, in accordance with the Payoff Agreement.

  • Any disclosure or transmittal of this letter or the terms of this Discount Payoff Agreement (including, but not limited to website postings and any promotional materials or publications whatsoever) will result in revocation of the discounted payoff offer and liability against all parties involved in such disclosure.

  • If Borrower complies with the foregoing condition and all other terms of this Discount Payoff Agreement, Xxxxx will instruct the settlement agent to pay the Borrower the Assistance Payment from the sale proceeds at the time that all other payments are disbursed by the settlement agent.

  • Richert also reviewed BMO’s Loan Payoff Agreement saying it looked “fine” to him.62 At Richert’s specific direction,63 Garbrecht signed and delivered to BMO the Loan Payoff Agreement stating, in part, that R/Funding’s loan to ABL “including but not limited to all principal, interest, fees, costs and expenses, has been repaid and satisfied in full.”64 This was a total and complete lie.

  • June 11, 2021 By: /s/ John GellertName: John GellertTitle: President and Chief Executive Officer 4Exhibit 10.1 Certain exhibits to this Second Amendment and Conditional Payoff Agreement have been omitted.

  • If the Borrower(s) complies with the foregoing condition and all other terms of this Discount Payoff Agreement, Xxxxx will instruct the settlement agent to pay the Borrower the Assistance Payment from the sale proceeds at the time that all other payments are disbursed by the settlement agent.

  • To the extent that LBHI, LCPI or any of their respective representatives or agents is in possession of any of the Junior Mezzanine Loan Documents, such party shall cause such documents to be delivered to or at the direction of Xxxxxx Re concurrently with the execution and delivery of this Agreement and the Senior Mezzanine Loan Payoff Agreement.


More Definitions of Payoff Agreement

Payoff Agreement means the Early Loan Payoff Agreement dated effective as of the effective date hereof, among the Company, the Subsidiary Borrowers, Healthcare Financial and Lenders. "PER SHARE PURCHASE PRICE" equals $0.11.
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Payoff Agreement means the Early Loan Payoff Agreement dated effective as of July 18, 2008, among the Company, the Subsidiary Borrowers, Healthcare Financial and Lenders, as amended from time to time in a manner satisfactory to Investor in his sole discretion.
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Related to Payoff Agreement

  • Payment Agreement means a written agreement which provides

  • Repayment Agreement means an agreement

  • Call-Off Agreement means a legally binding agreement (entered into pursuant to the provisions of this Framework Agreement) for the provision of the Services made between a Contracting Body and the Supplier pursuant to Framework Schedule 5 (Call Off Procedure);

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Payoff Letter shall have the meaning set forth in Section 6.13.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J], dated as of March 18, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Waiver Agreement means an agreement between

  • Acquisition Agreements means the Nexstar Acquisition Agreement and the Mission Acquisition Agreement, and “Acquisition Agreement” means the applicable agreement in the context used.

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Termination Agreement has the meaning set forth in the Recitals.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Secondment Agreement is defined in Section 2.2.

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.

  • Subordination Agreements means all subordination agreements executed by a holder of Subordinated Debt in favor of the Administrative Agent and the Lenders from time to time after the Closing Date.

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Lender Assignment Agreement means an assignment agreement substantially in the form of Exhibit D hereto.

  • Placement Agreement means the Placement Agreement relating to the offering and sale of Capital Securities in the form of Exhibit C.

  • Subordination Agreement means any subordination or intercreditor agreement(s) entered into with respect to any subordinate financing related to the Project, as the same may be amended, supplemented or restated.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;