Payoff Amount definition

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 has the meaning set forth in Section 6.15.

Payoff Amount. As defined in the Property Management Agreement.

Examples of Payoff Amount in a sentence

• The Estimated Closing Date Cash, the Estimated Closing Debt Payoff Amount and the Estimated Transaction Expenses shall, subject to Section 2.4(b), be used to calculate the Initial Cash Purchase Price and shall be subject to adjustment as set forth in this Section 2.4.

• For illustrative purposes only, Exhibit E sets forth a statement (the “Reference Statement”) prepared in good faith by the Company, in cooperation with Buyer, setting forth and illustrating as of September 30, 2024, the calculation of (x) (1) Current Assets, (2) Current Liabilities and (3) Net Working Capital, (y) Cash and Cash Equivalents, and (z) Closing Debt Payoff Amount, in each case prepared and calculated in accordance with this Agreement and the Agreed Accounting Principles.

More Definitions of Payoff Amount

Payoff Amount has the meaning set forth in Section 2.3(b)(i).

Payoff Amount means the sum necessary to satisfy a secured obligation, as set forth in a payoff statement by the secured creditor.

Payoff Amount has the meaning set forth in Section 3.6.

Payoff Amount shall have the meaning set forth in Section 6.5.

Payoff Amount has the meaning set forth in Section 1.7(b).

Payoff Amount is defined in Section 6.11.

Payoff Amount. With respect to any Released Loan or Released Property, an amount equal to the Collateral Value of such Released Loan or Released Property, plus any unpaid Monthly Loan Payments or Monthly Lease Payments, as applicable, and any unreimbursed Advances, Emergency Property Expenses, Liquidation Fees, Workout Fees, Special Servicing Fees, Issuer Expenses, Back-Up Fees, Extraordinary Expenses (and any fees and expenses incurred in connection with such release) (in each case, plus interest thereon as applicable), in each case related to such Released Loan or Released Property or the related Lease.