Final Payment Definition: 2k Samples

Final Payment definition

Final PaymentМэis a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

Final PaymentМэmeans the last and final monetary compensation made to Contractor for any portion of the Work that has been completed and accepted for which payment has not been made, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of ContractorвЂ™s retainage.

Final PaymentМэmeans the last and final monetary compensation made to Contractor

A Claim disputing the amount of Final Payment must be submitted within fourteen (14) Days of the effective date of Final Payment.
This assignment shall be made and become effective at the time City tenders Final Payment to Contractor, without further acknowledgment by the parties.
Upon Final Completion and as a condition to Final Payment, each sheet of the As-Built Documents and other Record Documents shall be signed and attested to by the ContractorвЂ™s Superintendent as being complete and accurate.
Notwithstanding (but without duplication with) the foregoing, on the Maturity Date, if the Final Payment had not previously been paid in full in connection with the prepayment of the Term Loans in full, Borrower shall pay to Collateral Agent, for payment to each Lender in accordance with its respective Pro Rata Share, the Final Payment in respect of the Term Loan(s).
Acceptance of Final Payment by Contractor shall constitute a complete waiver of all Claims, except those previously made in writing and identified by Contractor as unsettled at the time of the Application for Final Payment.

Final PaymentМэmeans the last payment to the Trade Contractor, including retainage, in connection with the Trade Contractor Work.

Final PaymentМэshall have the meaning set forth in Section 4.4.

Final PaymentМэis a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the Maturity Date for such Equipment Advance equal to the Loan Amount for such Equipment Advance multiplied by the Final Payment Percentage.

Final PaymentМэmeans the final payment by the Province to the Recipient in respect of any Project as described in and to be paid in accordance with Article

Final PaymentМэmeans the final payment by the Province to the Recipient in respect of the Project as described in and to be paid in accordance with Article J.8.0 (Final Payment).

Final PaymentМэwhen used in connection with the Senior Indebtedness means the full and final and payment in immediately available funds of all of the Senior Indebtedness and the termination in writing of the Senior LendersвЂ� obligations to make loans or other advances or financial accommodations to the Loan Parties under the Senior Documents. The repayment of any Senior Indebtedness pursuant to a Refinancing permitted hereunder shall not constitute вЂњFinal PaymentвЂ� of the Senior Indebtedness being Refinanced.

Final PaymentМэmeans payment in funds which are (or have become) immediately available, under applicable law are irreversible, and are not subject to any security interest, xxxx, xxxx or other encumbrance.