Common use of Final Maturity Clause in Contracts

Final Maturity. On the Final Maturity Date, assuming this Debenture has not previously been converted into Common Stock of the Company in accordance with the terms hereof, the Company shall retire this Debenture by paying to the Holder in cash an amount equal to the outstanding principal amount of the Debenture plus all accrued and unpaid interest through the date the Debenture is paid in full by the Company.

Appears in 3 contracts

Sources: Debenture (Diamondhead Casino Corp), Debenture Agreement (Diamondhead Casino Corp), Debenture Agreement (Diamondhead Casino Corp)