Maturity; Repayment Clause Samples
The "Maturity; Repayment" clause defines when a financial obligation, such as a loan or note, becomes due and the terms under which it must be repaid. Typically, this clause specifies the maturity date—the point at which the full outstanding principal and any accrued interest must be paid by the borrower to the lender. It may also outline acceptable methods of repayment, such as lump sum or installment payments, and address any grace periods or penalties for late payment. The core function of this clause is to provide clear expectations regarding the timing and manner of repayment, thereby reducing uncertainty and potential disputes between the parties.
POPULAR SAMPLE Copied 1 times
Maturity; Repayment. Any outstanding Loans, unpaid interest and any other moneys owing under this Agreement shall, subject to Section 8.01 hereof, become due and payable by the Borrower to the Lender on the Maturity Date; provided, however, that in the event the Merger Agreement is terminated, -------- ------- all outstanding Loans, unpaid interest and any other moneys owing under this Agreement shall become due and payable on the date that is ninety days after the Maturity Date.
Maturity; Repayment. Any outstanding amount of the Loan and any other moneys owing under this Agreement, if any, shall become due and payable by the Borrower on demand from the Lender. Any proceeds from the exercise of the option pursuant to the Option Agreement shall be applied towards the partial repayment of the Loan. Notwithstanding the foregoing, any outstanding amount of the Loan and any other moneys owing under this Agreement, if any, shall become due and payable by the Borrower to the Lender on the Maturity Date.
Maturity; Repayment. (1) The term of the Partnership Interests ends on March 31, 2033 (the "Scheduled Partnership Interest Maturity Date").
(2) If the Scheduled Partnership Maturity Date occurs during a Shift Period, the maturity of the Partnership Interests will be extended to the earlier of (i) the date liquidation proceedings are commenced in respect of the LLC in connection with the commencement of liquidation proceedings in respect of the Bank and (ii) the date immediately following the last day of the Shift Period (such earlier date the "Extended Maturity Date" and together with the Scheduled Partnership Maturity Date the "Partnership Interest Maturity Date"). If a Partnership Interest Maturity Date falls on a day that is not a Business Day, the applicable payment will be made on the next Business Day without adjustment, interest or further payment as a result of the delay.
(3) Upon maturity, the Partnership Capital Contributions shall be repaid at the then Current Nominal Value of the Partnership Interests, plus accrued and unpaid Distributions for the then current Distribution Period, except where an Extended Maturity Date occurs during the liquidation of the Bank in which case the holders of Partnership Interests shall receive the amounts to which they are entitled in connection with the related liquidation of the LLC in accordance with Section 6 below.
(4) Partnership Capital Contributions which have become due for repayment, but are not paid on the Partnership Interest Maturity Date, shall (except as otherwise provided for in the second sentence of Section 3(2)(d)) bear interest from the Partnership Interest Maturity Date (inclusive) until the date of payment (exclusive) at 3.5% p.a.
Maturity; Repayment. The outstanding principal balance of the Obligations (including the Loans and all accrued interest thereon) shall be repaid by Borrower on the Loan Maturity Date, unless payable sooner pursuant to the provisions of this Agreement.
Maturity; Repayment. Any outstanding principal and accrued but unpaid interest of the Loans and any other moneys owing under this Agreement, if any, shall become due and payable by each Borrower on March 10, 2008 (the “Maturity Date”); provided that if the Maturity Date is not a business day it shall be extended to the next succeeding business day.
Maturity; Repayment. On the Maturity Date, the Borrower shall repay the Obligations in full.
Maturity; Repayment. The Loan shall mature, and the principal amount of the Loan, together with all accrued and unpaid interest thereon and all other Obligations that may be due to the Lender under this Agreement, shall be immediately due and payable by the Debtor to the Lender upon the expiration of the Credit Period, as it may have been extended by the Lender pursuant to Section 2.5 of this Agreement, without further application or notice to or order of, or hearing before, the Bankruptcy Court. Notwithstanding the foregoing, the Lender and the Debtor understand and agree that the maturity of the Loan shall not, in and of itself, entitle the Lender to immediate payment of the Loan. The Lender and the Debtor agree that, so long as the Bankruptcy Case remains a case under chapter 11 of the Bankruptcy Code and the Lender’s Super Priority Claim and its Lien rights are determined in advance by hearing and order of the Bankruptcy Court to be adequately protected through an Alternative Transaction or otherwise and thereafter remain adequately protected, the Lender shall not be entitled to immediate payment and instead shall continue to accrue interest on the Loan until any such Alternative Transaction is consummated, upon the treatment of the Lender’s Claim being confirmed in the Plan, and/or upon the Lender obtaining relief from the automatic stay in the Bankruptcy Court. So long as the Bankruptcy Case remains a case under chapter 11 of the Bankruptcy Code and the Lender’s Super Priority Claim and its Lien rights provided herein are determined in advance by hearing and order of the Bankruptcy Court to be adequately protected and thereafter remain adequately protected, the Debtor may elect among the following options to repay the outstanding aggregate balance of the Loan and, in the case of an Alternative Transaction, the Facilitation Premium:
(a) in cash upon the Effective Date of the Plan or completion of an Alternative Transaction;
(b) in deferred cash payments, pursuant to the terms of an exit financing facility to be negotiated between the Debtor and the Lender in connection with the confirmation of the Plan, to be secured by the assets of the Reorganized Debtor in conformity with the Bankruptcy Code;
(c) in common stock of the Reorganized Debtor, according to a conversion rate equal to the rate of conversion applicable to that received by other holders of Allowed Secured Claims or, if none exist, at a rate equal to three times the rate of conversion applicable to holders of Al...
Maturity; Repayment. The Advances shall mature on the Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations hereunder shall be immediately due and payable. Borrower shall have the right, upon not less than thirty (30) days’ prior written notice to Lender (which may be waived by Lender), to repay any outstanding Advances without any prepayment premium or fee.
Maturity; Repayment. The Initial Principal Amount (as defined below) shall be due and payable in full to the Holder on [●]3 (the “Maturity Date”); provided, that earlier repayment in full of this Note may be required upon or after the occurrence of an Event of Default as provided in Sections 6 and 7. Amounts borrowed under this Note and repaid or prepaid may not be reborrowed.
Maturity; Repayment. The Loan Amount shall be due and payable on 17 December 2025, or on other Business Day as agreed to in writing by both of Lender and Borrower (the “Payment Date”). Any payment hereunder shall be made in US dollars.