Maturity Term Sample Clauses
The 'Maturity, Term' clause defines the duration of an agreement or financial instrument, specifying when it will expire or reach its end date. In practice, this clause outlines the exact date or conditions under which the contract or obligation concludes, such as a loan's final repayment date or the end of a service period. By clearly establishing the timeframe, this clause ensures both parties understand their obligations' lifespan and helps prevent disputes over when responsibilities or rights terminate.
Maturity Term. The Loan shall mature on the Maturity Date; provided, however, that the Maturity Date shall be extended and the term of this Agreement automatically renewed for successive thirty (30) day periods unless the Borrower notifies the Lender within ten (10) days of the then upcoming Maturity Date that it intends to repay the full amount or then outstanding amount of the Loan prior to the then upcoming Maturity Date.
Maturity Term