Common use of Repayment on Maturity Date Clause in Contracts

Repayment on Maturity Date. (a) To the extent not previously paid, all Term Loans and any applicable Exit Fee shall be due and payable on the Termination Date. (b) Each repayment of a Borrowing shall be allocated among the Lenders holding Loans comprising such Borrowing in accordance with their applicable Pro Rata Shares.

Appears in 2 contracts

Sources: Superpriority Secured Debtor in Possession Credit and Guaranty Agreement (GWG Holdings, Inc.), Superpriority Secured Debtor in Possession Credit and Guaranty Agreement (GWG Holdings, Inc.)

Repayment on Maturity Date. (a) To the extent not previously paid, all Term Loans and any applicable Exit Fee shall be due and payable on the Termination Maturity Date. (ba) Each repayment of a Term Borrowing shall be allocated among the Lenders holding Loans comprising such Term Borrowing in accordance with their applicable Pro Rata Shares.

Appears in 1 contract

Sources: Super Senior Secured Credit Agreement (Fusion Connect, Inc.)

Repayment on Maturity Date. (a) To the extent not previously paid, all Term Loans and any applicable Exit Fee shall be due and payable on the Termination Date. (b) Each repayment of a Borrowing shall be allocated among the Lenders holding Loans comprising such Borrowing in accordance with their applicable Pro Rata Shares.

Appears in 1 contract

Sources: Superpriority Secured Debtor in Possession Credit and Guaranty Agreement (GWG Holdings, Inc.)