Payoff Loans definition

Payoff Loans means all loans secured by any Property (including, without limitation, the Buyer Discharged Debt), other than the Loans.
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Payoff Loans means the Loans which are identified as “Payoff Loans” on Schedule D hereto.
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Payoff Loans. As defined in Section 2.01(b) hereunder.
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Examples of Payoff Loans in a sentence

  • The Company Debt Payoff Loans, the Option Payment Loan and the RSU Payment Loan will be evidenced by demand promissory notes issued by the Company (or the applicable Subsidiary of the Company) to the lender thereof.

  • The Borrower shall use the proceeds of the Kodiak Pay-off Loans, together with cash on hand, to cause the Kodiak Payoff to occur on the Kodiak Pay-off Loan Funding Date.

  • Borrower hereby ratifies and reaffirms the validity, enforceability and binding nature of the Obligations (including in respect to the Kodiak Pay-off Loans).

  • SECTION 3.The Kodiak Pay-off Loan Commitments and Kodiak Pay-off Loans.

  • Any dispute relating to the quality or acceptability of performance or compensation due the Contractor will be decided by the KRCCs contract representative or designee.

  • Except for Subsequent Flow Mortgage Loans, on each applicable Payment Date, Seller will (i) provide Purchaser with a schedule of Payoff Loans; and (ii) Purchaser will net out an amount equal to the portion of the Purchase Price already paid pursuant to Section 3.02(a) applicable to the Payoff Loans from the Purchase Price paid to Seller.

  • Having the same message throughout different mediums also makes people focus more on the message compared to if the message is used in the same medium.

  • On the day that is at least two (2) Business Days prior to the Effective Time, Parent shall deposit, or cause to be deposited, with the Exchange Agent sufficient funds to pay (i) the aggregate Merger Consideration that is payable in accordance with Section 2.01(b) hereof and (ii) the full amount due or payable with respect to the Company Pay-off Loans as contemplated by Section 1.07 hereof (such funds constituting the “Payment Fund”).

  • Prior to the date hereof, Parent has made available to the Company copies of bank statements or substantially similar financial records, dated as of a date no earlier than two (2) Business Days prior to the date hereof, which such statements or records sufficiently demonstrate the financial wherewithal of Parent to pay, in full, the aggregate amount of the Merger Consideration and all amounts due and payable under the Company Pay-off Loans as of the Closing Date.

  • Seller or Manager has good and marketable title to the Personal Property free and clear of all liens and encumbrances, other than the Equipment Leases, the Assumed Loan, the Payoff Loans and the Permitted Exceptions and the liens and encumbrances set forth on Schedule P.


More Definitions of Payoff Loans

Payoff Loans means all of the Mortgage Loans specified on Section 5.8 of the Contributors Disclosure Schedule as being a Payoff Loan, provided that the Operating Partnership shall have the option by giving written notice to the Contributors no later than five (5) Business Days after the date of this Agreement of removing the Mortgage Loans for any of the Properties identified as 130/150/170 Radnor Financial Center, Radnor Corporate Center and One Xxxxx Square as a Payoff Loan, in which event Section 5.8 of the Contributors Disclosure Schedule shall be deemed amended thereby. All Payoff Loans will be paid off in full immediately after the Closing pursuant to Section 2.3.
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Related to Payoff Loans

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loans as defined in Section 2.4(a).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Existing Loans has the meaning specified in Section 2.19(a).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Term A Loans has the meaning specified in Section 2.01(b).