Examples of Fixed Maturity Date in a sentence
Upon such date of maturity, all Outstanding Principal, accrued and unpaid interest and all other amounts under or in respect of this Agreement and the Credit Facility shall be paid to the Lender (x) on the Fixed Maturity Date (in the case of maturity under clauses (i)) or (y) on or prior to the 30th day after such written notice is provided to the Lender (in the case of maturity under clause (ii)).
The Borrower shall have the sole option, which it may exercise at any time and from time to time by notice to the Lender, to extend the Fixed Maturity Date to any date after April 1, 2002, PROVIDED that, in no event shall the Fixed Maturity Date be extended to a date later than the original maturity date of any Senior Obligations (as defined in Section 4 hereof) outstanding as of December 31, 2001.
If the Fixed Maturity Date is so extended, from and after April 1, 2002, interest on the outstanding principal amount under this Note shall accrue at the rate of eighteen percent (18%) per annum, compounded daily (in lieu of, and not in addition to, the rate provided for in the first paragraph of this Note), and shall otherwise be payable as provided in the first paragraph of this Note.
The principal of or interest on any Note, as well as premium thereon, if any, in case of redemption prior to the Fixed Maturity Date, which is payable, and is punctually paid or duly provided for, on any Scheduled Payment Date for Notes of that series shall be paid to the Person in whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payments.
In such case, the Company shall first redeem Principal of outstanding Notes of the Series (as defined in the Notes) then having the latest Fixed Maturity Date (as defined in the Notes) and then each Series having the next latest Fixed Maturity Date, until all of such proceeds have been used.