Remaining Payoff Amount definition

Remaining Payoff Amount shall have the meaning set forth in Section 9.9 hereof.
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Remaining Payoff Amount means an amount in cash equal to the difference, if any, of (a) the amount set forth the Queensbury Payoff Letter and (b) $400,000.
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Remaining Payoff Amount means an amount in cash equal to the difference, if any, of (a) the aggregate amount of Bank Debt set forth in the Bank Debt Payoff Letters and (b) $7,600,000.
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Examples of Remaining Payoff Amount in a sentence

  • If the proceeds of the Loans are insufficient to payoff or otherwise discharge all or any portion of the outstanding Indebtedness of the Company or its Subsidiaries (other than the Loans and those items identified on Schedule 7.16) in accordance with Section 8.11 hereof, then Buyer shall have paid or otherwise discharged any such Indebtedness that remains outstanding (such amount necessary to pay or otherwise discharge such Indebtedness, the "Remaining Payoff Amount").

  • If the Company or its Subsidiaries fails to payoff or otherwise discharge all or any portion of the outstanding Indebtedness of the Company or its Subsidiaries in accordance with Section 8.16 hereof, then Buyer shall payoff or otherwise discharge such Indebtedness that remains outstanding (such amount necessary to payoff or otherwise discharge such Indebtedness, the "Remaining Payoff Amount").

  • If the proceeds of the Loans are insufficient to payoff or otherwise discharge all or any portion of the outstanding Indebtedness of the Company or its Subsidiaries (other than the Loans) in accordance with SECTION 8.10 hereof, then Buyer shall have paid or otherwise discharged any such Indebtedness that remains outstanding (such amount necessary to pay or otherwise discharge such Indebtedness, the "Remaining Payoff Amount").

Related to Remaining Payoff Amount

  • 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.

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Cash Amount means an amount of cash equal to the Value on the Valuation Date of the Shares Amount.

  • Allocation Amount means, as of the Closing Date, the Series 2017-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2017-1 Stated Principal Amount resulting from the issuance of additional Series 2017-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge-Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2017-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greaterthan the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Expense Amount As defined in Section 11.01(b) hereof.

  • Adjustment Escrow Amount means $1,000,000.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Reassignment Amount means, with respect to any Distribution Date, after giving effect to any deposits and distributions otherwise to be made on such Distribution Date, the sum of (i) the Adjusted Invested Amount on such Distribution Date, plus (ii) Monthly Interest for such Distribution Date and any Monthly Interest previously due but not distributed to the Series 2021-1 Certificateholders on a prior Distribution Date, plus (iii) the amount of Additional Interest, if any, for such Distribution Date and any Additional Interest previously due but not distributed to the Series 2021-1 Certificateholders on a prior Distribution Date.

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • Reimbursement Amount As defined in Section 2.04.

  • Assignment Amount with respect to a Bank Investor shall mean at any time an amount equal to the lesser of (i) such Bank Investor's Pro Rata Share of the Net Investment at such time and (ii) such Bank Investor's unused Commitment.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).