Common use of Maturity Dates Clause in Contracts

Maturity Dates. (a) The “Interim Maturity Date” of the Interim Facility shall be the earlier of (i) the entry of the Final Order and (ii) December 10, 2008. (b) The “Maturity Date” of the DIP Financing shall be the earliest of (i) November 3, 2009, (ii) the date on which the Postpetition Obligations are accelerated and become due and payable following an Event of Default, (iii) the date on which the Borrower sells all or substantially all of the Borrower’s assets, subject to, and in accordance with, terms as may be agreed in writing by the Postpetition Lender, and (iv) the effective date of any Chapter 11 plan of the Borrower.

Appears in 6 contracts

Samples: Verasun Energy Corp, Verasun Energy Corp, Verasun Energy Corp

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