Maturity of Loans Clause Samples

Maturity of Loans. Each Loan included in any Borrowing shall mature, and the principal amount thereof shall be due and payable, on the last day of the Interest Period applicable to such Borrowing.

Maturity of Loans. 23 SECTION 2.06. Interest Rates..........................................24 SECTION 2.07. Fees....................................................26 SECTION 2.08. Optional Termination or Reduction of Commitments......

Maturity of Loans. (a) Each Loan included in any Borrowing shall mature, and the principal amount thereof and interest thereon shall be due and payable, on the last day of the Interest Period applicable to such Borrowing. (b) Notwithstanding the foregoing, the outstanding principal amount of the Loans, if any, together with all accrued but unpaid interest thereon, if any, shall be due and payable on March 22, 1999, unless the Termination Date is otherwise extended by the Banks, in their sole and absolute discretion. Upon the written request of the Borrower, which request shall be delivered to the Agent at least 90 days prior to each Extension Date (as such term is hereinafter defined), the Banks shall have the option (without any obligation whatsoever so to do) of extending the then current Termination Date for additional one-year periods from the then current Termination Date on but not before each of May 28, 1997, May 28, 1998 and May 28, 1999 (each, an "Extension Date"), but in no event shall the Commitment of any Bank or any Loan hereunder be outstanding for a period greater than three (3) years. Notwithstanding any request by the Borrower as described in the foregoing sentence, in the event that a Bank chooses, in its sole and absolute discretion, not to extend the Termination Date for such an additional one-year period, notice shall be given by such Bank to the Borrower and the Agent not more than 60 days but not less than 45 days prior to the relevant Extension Date; provided, that the Termination Date shall not be extended with respect to any of the Banks unless the Required Banks are willing to extend the Termination Date and either (x) the remaining Banks shall elect to purchase ratable assignments (without any obligation so to do) from such terminating Bank (in the form of an Assignment and Acceptance) in accordance with their respective percentage of the remaining aggregate Commitments; provided, that, such Banks shall be provided such opportunity (which opportunity shall allow such Banks at least 30 days in which to make a decision) prior to the Borrower finding another bank pursuant to the immediately succeeding clause (y); and, provided, further, that, should any of the remaining Banks elect not to purchase such an assignment, then, such other remaining Banks shall be entitled to purchase an assignment from any terminating Bank which includes the ratable interest that was otherwise available to such non-purchasing remaining Bank or Banks, as the case may be, o...

Maturity of Loans. Unless an earlier maturity is provided for hereunder (whether by acceleration or otherwise), each Loan shall mature and become due and payable by the Borrower on the Termination Date.

Maturity of Loans. Each Loan shall mature, and the principal amount thereof shall be due and payable, on the Stated Maturity.

Maturity of Loans. Each Revolving Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower on the Revolving Credit Termination Date.

Maturity of Loans. Each Revolving Loan shall mature and become due and payable by the Borrower on the Termination Date. Each Swingline Loan shall mature and become due and payable on the earlier of (i) the last day of its Interest Period and (ii) the Termination Date.

Maturity of Loans. 6 Section 1.7. Prepayments ............................................ 6 Section 1.8. Default Rate ........................................... 7 Section 1.9. The Notes .............................................. 7 Section 1.10. Funding Indemnity ...................................... 7 Section 1.11. Commitment Terminations ................................ 8 Section 1.12. Substitution of Lenders ................................ 8 SECTION 2. FEES ................................................... 9 Section 2.1. Fees ................................................... 9

Maturity of Loans. Each Loan other than a Money Market Loan shall mature, and the Borrower hereby promises to pay to the Administrative Agent for the account of each Bank the outstanding principal of each such Loan made by such Bank, on the Commitment Termination Date. Each Money Market Loan shall mature, and the Borrower hereby promises to pay to the Administrative Agent for the account of each Bank the outstanding principal amount of each Money Market Loan made by such Bank, on the last day of the Interest Period applicable to such Money Market Loan.