Payoff Period definition

Payoff Period. For the first Distribution Date, the period from the Cut-Off Date through November 14, 2005, inclusive; and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.

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Payoff Period. For the WMB Loans and for the first Distribution Date, the period from the Cut-Off Date through September 14, 2006, inclusive; and for the WMB Loans and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive. For the Countrywide Loans and for any Distribution Date, the Prior Period for such Distribution Date.

Payoff Period. With respect to the first Distribution Date, the period from the Cut-Off Date through October 14, 1997, inclusive; and with respect to any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.

Examples of Payoff Period in a sentence

• At the time of each credit advance a payoff period will be established based upon the following chart for the outstanding balance then owed at the time of the last advance: Range of Balances Payoff Period Up to $10,000.00 60 Monthly Payments $5,000.01 to $20,000.00 96 Monthly Payments $20,000.01 and Above 120 Monthly Payments The length of the repayment period will depend on the balance at the time of the last advance you obtain before the draw period ends.

• If your interest rate increases pursuant to the paragraph above in this Section, the result is that you would be required to make larger monthly payments so that your loan is paid off within the remaining Payoff Period defined in the chart in the immediately following section.

• Upon the expiration of the Conditional Payoff Period, Guarantor unconditionally and absolutely agrees to pay the then unpaid amount of the Guaranteed Obligations.

• During the Conditional Payoff Period, any event or circumstance that would otherwise constitute an Event of Default under the Credit Agreement or any other Loan Document (other than this Agreement), regardless of whether capable of cure, shall not constitute an Event of Default, until the expiration of 30 days from the occurrence of such event or the existence of such circumstance.

• At all times from May 1, 2021 until the expiration of the Conditional Payoff Period there shall be no minimum Collateral Coverage Ratio.

• For any fiscal year commencing after the expiration of the Conditional Payoff Period, Capital Expenditures shall not exceed $1 million.

• At all times following the expiration of the Conditional Payoff Period, on the last day of each fiscal quarter, the Collateral Coverage Ratio shall be at least 1.10 to 1.00.

• In the event Company pays to Holder the Loan Payoff Amount pursuant to the terms of the Separation Agreement and prior to the expiration of the Loan Payoff Period, then this Warrant and Holder's right to receive the Warrant Units, subject to the terms hereof, shall terminate.

• Prior to any Unit employee accepting outside employment, he or she shall request and receive authorization from the Department Head.

• In the event the Loan Payoff Amount is paid by FreshRealm to Calavo within the Loan Payoff Period, the Senior Amended Note, the Second Note and Amended Security Agreements shall be terminated by Calavo, and Calavo shall promptly terminate any security interest filings that it may have filed against the assets and collateral of FreshRealm.

More Definitions of Payoff Period

Payoff Period with interest to the date of Payoff or liquidation less any amounts to be withdrawn later by the applicable Servicers from the applicable Buydown Fund Accounts; and

Payoff Period shall have the meaning specified in Section 14.5(a).

Payoff Period. With respect to any Distribution Date, the period from the first day of the month of such Distribution Date through the fourteenth day of such month.

Payoff Period. With respect to the first Distribution Date, the period from the Cut-Off Date through May 14, 1999, inclusive; and with respect to any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive Percentage Interest: (a) With respect to the right of each Certificate of a particular Class in the distributions allocated to such Class, "Percentage Interest" shall mean the percentage undivided beneficial ownership interest evidenced by such Certificate of such Class, which percentage shall equal: (i) with respect to any Certificate (other than the Residual, Class I-A-1, Class I-A-9 and Class X Certificates), its Certificate Principal Balance divided by the applicable Class Principal Balance; (ii) with respect to the Class X and Class I-A-9 Certificates, the portion of the respective Class Notional Amount evidenced by such Certificate divided by the respective Class Notional Amount; (iii) with respect to the Class I-A-1 Certificates, its Certificate Principal Balance divided by the applicable Class Principal Balance; provided that if the Class I-A-1 Principal Balance has been reduced to zero but the respective Component Notional Amounts thereof are greater than zero, the aggregate of the Component Notional Amounts evidenced by such Certificate divided by the aggregate of the Component Notional Amounts of Component I-A-1; and (iv) with respect to the Residual Certificates, the percentage set forth on the face of such Certificate.

Payoff Period. As defined in Section 4.01(d).