Payoff Amount means with respect to a Receivable as of the close of business on the last day of a Collection Period, the remaining principal balance of such Receivable, plus accrued but unpaid interest thereon, and related fees.
Payoff Amount. As defined in the Property Management Agreement.
Payoff Amount has the meaning set forth in Section 1.7(b).
Examples of Payoff Amount in a sentence
At or prior to the Closing, Parent shall, or shall cause one of its Subsidiaries to, pay, on behalf of the Company, the Pay-off Amount to an account or accounts designated by the administrative agent under the Credit Agreement and take such reasonable action as necessary to replace such outstanding letters of credit as of the Effective Time.
Provided that the Payoff Amount is received as contemplated herein, the Payoff Amount shall be deemed received on the Payoff Date.
Upon receipt of the Payoff Amount, the Administrative Agent shall as soon as practicable settle the Payoff Amount among the Existing Lenders.
More Definitions of Payoff Amount
Payoff Amount has the meaning set forth in Section 2.4(b).
Payoff Amount means the sum necessary to satisfy a secured obligation, as set forth in a payoff statement by the secured creditor.
Payoff Amount shall have the meaning set forth in Section 6.5.
Payoff Amount has the meaning set forth in Section 3.6.
Payoff Amount has the meaning set forth in Section 5.19(b).
Payoff Amount means the aggregate amount set forth in the Payoff Letters.
Payoff Amount is defined in Section 6.12.