Common use of Maturity Date Payments Clause in Contracts

Maturity Date Payments. The Company shall pay to the Bank the principal balance of outstanding Loans together with any accrued interest ON DEMAND (but if no demand, no later than one year from the date hereof). Payments received by the Bank shall be applied first to accrued interest and then to the principal balance of outstanding Loans unless otherwise directed. If any payment from the Company under this Agreement becomes due on a Saturday, Sunday, or a day which is a legal holiday for banks in the State of Illinois, such payment shall be made on the next bank business day and any such extension shall be included in computing interest under this Agreement.

Maturity Date Payments. The Company shall pay to the Bank the principal balance of outstanding Loans together with any accrued interest ON DEMAND (but if no demand, no later than one year from the date hereofHEREOF). Payments received by the Bank shall be applied first to accrued interest and then to the principal balance of outstanding Loans unless otherwise directed. If any payment from the Company under this Agreement becomes due on a Saturday, Sunday, or a day which is a legal holiday for banks in the State of Illinois, such payment shall be made on the next bank business day and any such extension shall be included in computing interest under this Agreement.

Maturity Date Payments. The Company shall pay to the Bank the principal balance of outstanding Loans together with any accrued interest ON DEMAND (but if no demand, no later than one year from the date hereof)DEMAND. Payments received by the Bank shall be applied first to accrued interest and then to the principal balance of outstanding Loans unless otherwise directed. If any payment from the Company under this Agreement becomes due on a Saturday, Sunday, or a day which is a legal holiday for banks in the State of Illinois, such payment shall be made on the next bank business day and any such extension shall be included in computing interest under this Agreement.