Interest Payments; Maturity Date Sample Clauses
The "Interest Payments; Maturity Date" clause defines the borrower's obligation to pay interest on a loan and specifies the date by which the entire loan must be repaid. Typically, this clause outlines the frequency and method of interest payments—such as monthly or quarterly—and identifies the final maturity date when the principal and any outstanding interest are due. By clearly establishing payment schedules and the loan's end date, this clause ensures both parties understand their financial commitments and helps prevent disputes over payment timing or loan duration.
Interest Payments; Maturity Date. Commencing on the first (1st) Payment Date following the funding of a Credit Extension, and continuing on the Payment Date of each successive month thereafter through and including the Maturity Date, Borrower shall make monthly payments of interest, in arrears, calculated as set forth in this Section 2.6. All unpaid principal and accrued interest is due and payable in full on the Maturity Date or any earlier date specified herein. If the Obligations are not paid in full on or before the Maturity Date, all interest thereafter accruing shall be payable immediately upon accrual.
Interest Payments; Maturity Date. Interest payments shall be due in arrears on each Interest Payment Date applicable to such Revolving Loan. The entire principal balance of the Revolving Loan and all accrued interest and fees on or relating to the Revolving Loan shall be repaid in full on the Revolving Loan Maturity Date.
Interest Payments; Maturity Date. (a) Payment of interest ("Interest Payments"), shall be due and payable monthly in arrears immediately available funds commencing on the first business day after the date of this Note and continuing on the first business day of each subsequent month until the Maturity Date, as defined 1
Interest Payments; Maturity Date