Repayment of Principal and Interest. (a) The entire outstanding principal balance of the Loans shall be due and payable by no later than 5:00 p.m. (Eastern time) on the Business Day on which the Loan is due, together with all remaining accrued and unpaid interest thereon, unless an extension of no more than three additional days is authorized by the Lending Company.
Appears in 19 contracts
Samples: Reciprocal Loan Agreement (Ing Usa Annuity & Life Insurance Co), Reciprocal Loan Agreement (Separate Account B of Golden American Life Insurance Co), Reciprocal Loan Agreement (Separate Account B of Golden American Life Insurance Co)
Repayment of Principal and Interest. (a) The entire outstanding principal balance of the Loans shall be due and payable by no later than 5:00 p.m. (Eastern time) on the Business Day on which the Loan is due, together with all remaining accrued and unpaid interest thereon, unless an extension of no more than three additional days is authorized by the Lending Company. The maximum term of any Loan shall be 270 days.
Appears in 4 contracts
Samples: Reciprocal Loan Agreement (VOYA RETIREMENT INSURANCE & ANNUITY Co), Reciprocal Loan Agreement (Ing Life Insurance & Annuity Co), Reciprocal Loan Agreement (VOYA RETIREMENT INSURANCE & ANNUITY Co)
