Payoff Notice definition

Payoff Notice. The certification delivered by the Servicer in connection with any payment in full of the outstanding principal balance of a Mortgage Loan pursuant to Section 3.07, to be substantially in the form of Exhibit H.
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Payoff Notice has the meaning set forth in Section 7.5(b) of the Loan Agreement.
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Payoff Notice means a written notice, in the form of Exhibit A hereto, duly completed and dated, signed on behalf of an Authorized Person of the Administrative Agent, and given in accordance with Article VIII.
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Examples of Payoff Notice in a sentence

  • If the Borrower does not repay such amount in full within one hundred eighty (180) days of the Payoff Notice, the Borrower will no longer have the right to initiate a Valuation Dispute and the Lender Valuation, as determined by the Administrative Agent from time to time, will be used for all subsequent determinations of the LTV.

  • Said Loan Request, Interest Rate Election and Payoff Notice shall, as applicable, identify the Lender which has agreed to fund any Negotiated Loan.

  • Only one Loan Request, Interest Rate Election and Payoff Notice requesting Primary Loans and only one Loan Request, Interest Rate Election and Payoff Notice requesting Swing Loans shall be submitted to the Lead Administrative Agent on any date.

  • Importantly, the Lift Stay Order lays out the procedure for GACP to abandon any of its collateral: “Prior to the Payoff Notice Date, the Agent shall not abandon any of the Stay Relief Collateral without consent of the Debtors, the Committee, and the Prepetition ABL Agent (or their successors and assigns) or order of the Court.” (Case No. 20-33627, ECF No. 553 at 8).

  • Immediately upon the payment of all Obligations (other than any contingent obligations in respect of which no claim for reimbursement has been made) of New Mountain pursuant to the Loan Agreement, and termination of the Loan Agreement, the Administrative Agent shall deliver a Payoff Notice to the Safekeeping Agent in the form attached hereto as Exhibit B.

  • Following the receipt of a Payoff Notice, the Safekeeping Agent shall continue to hold the Assets pursuant to the terms of this Agreement and, with respect to the transfer and release of any Assets or any other matter referred to in this Agreement regarding the Assets or Accounts, the Safekeeping Agent shall comply with Proper Instructions.

  • By delivering a Loan Request, Interest Rate Election and Payoff Notice to the Lead Administrative Agent, the Company shall be deemed to have represented and warranted the accuracy and completeness of the statements set forth in subparagraphs (b)(1) through (b)(4) above and all information set forth in such Loan Request, Interest Rate Election and Payoff Notice.

  • The Company may elect from time to time to have Primary Loans funded as Eurodollar Loans by giving the Lead Administrative Agent at least three Eurodollar Business Days' prior irrevocable notice of such election by delivery of a duly executed Loan Request, Interest Rate Election and Payoff Notice.

  • By delivering a Loan Request, Interest Rate Election and Payoff Notice to the Lead Administrative Agent, the Company shall be deemed to have represented and warranted the accuracy and completeness of the statements set forth in subparagraphs (b)(1) through (b)(6) above and all information set forth in such Loan Request, Interest Rate Election and Payoff Notice.

  • On each Business Day on which a Loan Request, Interest Rate Election and Payoff Notice is delivered to the Lead Administrative Agent, the Lead Administrative Agent shall notify the applicable Lenders (which notification may be telephonic and, if telephonic, shall be promptly confirmed in writing) no later than 11:00 a.m. (Los Angeles time) or in the case of a Swing Loan, 11:30 a.m. (Los Angeles time)) of the aggregate amount of Loans which will be funded on such date.


More Definitions of Payoff Notice

Payoff Notice. The Form of Payoff Notice attached hereto as Exhibit B.
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Related to Payoff Notice

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

  • Payoff statement means a written statement furnished by the mortgage servicer which sets forth all of the following:

  • Shelf Notice See Section 2(c) hereof.

  • 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.

  • Tender Notice means the Tender Notice set out in Part 1 of this TenderDocument;

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank.

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.

  • Repayment Notice Each notice required to be delivered by the Borrower in respect of any repayment of Advances Outstanding, in the form of Exhibit A-2.

  • Payoff Letters has the meaning set forth in Section 6.6.

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.

  • PAGA Notice means Plaintiff’s September 26, 2019, letter to Xxxxxx Staffing Solution, LLC, among others, and the LWDA providing notice pursuant to Labor Code section 2699.3, subd.(a).

  • Acceptance and Prepayment Notice means a notice of the Borrower’s acceptance of the Acceptable Discount in substantially the form of Exhibit M.

  • Buy-Sell Notice shall have the meaning set forth in Section 10.4(b).

  • Step-In Notice has the meaning set out in Section 3.1;

  • Notice of Prepayment has the meaning assigned thereto in Section 2.4(c).

  • Fees in lieu of notice means Fees in full for the term of notice at the rate that would have applied had the Pupil attended and not limited to the parental contribution in the case of a scholarship, exhibition, bursary or other award or concession.

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • OJEU Notice means the contract notice published in the Official Journal of the European Union.

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Written Notice means a notice or communication in writing and shall be deemed to have been duly served if delivered in persons to the individual or to a member of the contractors firm or to an office of the company for whom it is intended, or if delivered at or sent by registered mail to the last business address known to him who gives the notice.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit M.

  • Acquisition Notice has the meaning set forth in Section 2.5(a).

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Response Notice is defined in Section 14.3(b)(ii).

  • Funding Notice means a notice substantially in the form of Exhibit A-1.