Principal Maturity Sample Clauses
The Principal Maturity clause defines the date on which the principal amount of a loan or debt instrument becomes due and must be repaid in full by the borrower. In practice, this clause specifies the exact maturity date, after which any outstanding principal is expected to be settled, and may also outline any conditions or procedures for repayment at maturity. Its core function is to provide certainty and structure to the repayment schedule, ensuring both parties are clear on when the principal obligation ends and helping to manage financial planning and risk.
Principal Maturity. The outstanding principal balance of the Loan and all accrued and unpaid Interest (including, without duplication, any unpaid Accrued Interest) and any and all amounts owing or to be owing by Borrower or any obligor under the Loan Documents whenever arising (collectively, the “Debt”), will be due on the Maturity Date (as hereafter defined). For purposes hereof, the “Maturity Date” means the earlier of (i) the Scheduled Maturity Date (as hereinafter defined); and (ii) the date on which the Debt becomes due and payable, whether by acceleration or otherwise. For purposes hereof, the “Scheduled Maturity Date” means April 28, 2021.”
Principal Maturity. Borrower shall repay the entire amount of the Aggregate Revolving Loan as then outstanding on April 30, 2002, and Borrower shall repay the entire amount of the Swingline Loan on the same Business Day as demand therefore, or if no demand is made, on April 30, 2002; provided, however, that if demand for payment of the Swingline Loan is made after 11:00 (Local Time) on any day (except for demand made under Section 16.3.2 or as a result of Bank of America's termination of the Swingline Commitment), payment shall be made thereon by Borrower on the following Business Day.
Principal Maturity. The outstanding balance of the Loan, including all accrued Interest and any and all amounts owing or to be owing by Borrower or any obligor under the Loan Documents now or hereafter arising (collectively, the “Debt”), except for Additional Interest which shall be due as set forth above, will be due on February 15, 2009 (the “Maturity Date”), unless and until Borrower exercises the Extension Option described in Section 1(f) hereof, in which case the final day of the extended term shall be the “Maturity Date.”
Principal Maturity. The outstanding principal balance of the Loan, including all accrued Interest and any and all amounts owing or to be owing by Borrower or any obligor under the Loan Documents now or hereafter arising (the “Debt”), will be due on the Maturity Date (as hereafter defined). For purposes hereof, the “Maturity Date” means the earlier of (i) the Scheduled Maturity Date (as hereinafter defined); and (ii) the date on which the Debt becomes due and payable, whether by acceleration or otherwise. For purposes hereof, the “Scheduled Maturity Date” means November 30, 2010, unless and until Borrower exercises the Extension Option described in Section 1(f) hereof, in which case the final day of such extended term shall be the “Scheduled Maturity Date.””
Principal Maturity. Unless sooner prepaid in accordance with the terms hereof, or sooner accelerated by Bank by virtue of an Event of Default hereunder, all principal amounts outstanding under the Revolving Line shall be paid in full on the Revolving Line Expiration Date and all principal amounts outstanding under the Reducing Revolving Line shall be paid in full on the Reducing Resolving Line Expiration Date.