New Maturity Date Clause Samples
New Maturity Date. Section 4 of the Schedule to the Loan Agreement is amended to read as follows:
New Maturity Date. Section 4 of the Schedule is hereby amended in its entirety to read as follows:
New Maturity Date. All of the remaining principal, accrued interest, late fees, costs and other sums due to Lender in connection with the Loan shall be immediately due and payable on September 30, 2023 (the “New Maturity Date”) without any discounts, setoffs or other adjustments.
New Maturity Date. Each Series B Note is hereby amended so that the definition of “Payment Date”, as set forth in Section 1 of each such note, is amended to be the New Maturity Date, meaning that the holder of any Series B Note may not call or otherwise demand payment of all or any portion of such Series B Note until the New Maturity Date, except in the case of an “Event of Default” as permitted under the terms of the Series B Notes. The Company may make payments against the Series B Notes at any time after (i) the results of a 24 week time primary efficacy endpoint of the Phase II clinical trial in the United States related to the Company’s Hair Stimulating Complex product has been delivered to the Company’s Board of Directors (the “Board”), and (ii) the New Maturity Date, if the holder(s) of such Series B Notes have not elected to convert such Series B Notes or there has not been a Series B Conversion (as defined below) before the New Maturity Date. Prior to making each and any such payment, the Company shall provide the holder of such Series B Note with thirty (30) days prior written notice during which period the such holder may elect to convert any or all of such Series B Note to equity. Only the holder of Series B Note(s) with rights to a majority of the aggregate outstanding balances of the Series B Notes may exercise any rights under the Security Agreements, provided such holder or holders may do so on behalf of all holders.
New Maturity Date. The Maturity Date set forth in Section 5.1 of the Schedule to the Loan Agreement is hereby amended to be "January 5, 1999".
New Maturity Date. The Maturity Dates of the Notes are hereby extended, such that the Maturity Dates shall now be September 5, 2021, or any earlier date on which the unpaid principal balance of the Notes becomes due and payable by acceleration or otherwise. All remaining principal amounts under the Notes, together with accrued and unpaid interest thereon and all other amounts payable thereunder, shall be due and payable on the Maturity Dates.
New Maturity Date. The Note shall mature on July 16, 1995 (the "Maturity Date"), and the Third Payment Period and the terms applicable thereto in the Note shall be extended to such new Maturity Date.
New Maturity Date. The Maturity Date of Note EVTV-1 is hereby extended, such that the Maturity Date shall now be March 9, 2026, or any earlier date on which the unpaid principal balance of the Note becomes due and payable by acceleration or otherwise. All remaining principal amount under the Note, together with accrued and unpaid interest thereon and all other amounts payable thereunder, shall be due and payable on the Maturity Date.
New Maturity Date. The Lender hereby extends the Maturity Date under the First Loan to the Maturity Date of the Second Loan, which is June 30, 2017 (“New Maturity Date”).