Examples of Payoff Date in a sentence
All accrued and unpaid interest shall be due and payable on the Payoff Date.
Receipt of the contract required documents controls the establishment of the Payoff Date for the contract.
Beginning with the third Payment Event of Default and continuing with each Payment Event of Default thereafter, the applicable Minimum Interest multiple will increase by 0.015 on the Payoff Date upon the occurrence of each such Payment Event of Default regardless of whether or not such Payment Event of Default is subsequently cured.
Prompt review of the Contractor's submitted documents is a priority, because the Specifications require that the Contractor be notified, within twenty (20) days receipt of 21-A, of any discrepancies or the original date of receipt will control the establishment of the Payoff Date.
Notwithstanding such Acknowledged Non-Compliance, the Administrative Agent and the Lenders hereby agree to waive, solely through the Payoff Date, the Acknowledged Non-Compliance.