Revised Maturity Date Clause Samples
The "Revised Maturity Date" clause defines the new date on which an obligation, such as a loan or financial instrument, becomes due following an amendment or extension. In practice, this clause specifies the updated deadline for repayment or fulfillment of contractual duties, often resulting from negotiations between the parties to accommodate changes in circumstances. Its core function is to provide clarity and certainty regarding the timeline for performance, thereby preventing disputes over when obligations must be met after a change to the original agreement.
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Revised Maturity Date. The section of the Schedule to the Loan Agreement entitled "4. Maturity Date (Section 6.1)" is hereby amended by modifying the Maturity Date regarding the Accounts Loans Revolving Facility to read as follows:
Revised Maturity Date. Notwithstanding anything contained in ----------------------- the Loan Agreement, the Note or any of the other Loan Documents to the contrary, the entire Indebtedness, if not sooner paid, shall be due and payable on the earlier to occur of (i) October 31, 2006, (ii) a Primary Equity Offering or (iii) a Company Sale.
Revised Maturity Date. The Maturity Date as set forth in section 5.1 of the Schedule to Loan Agreement is hereby amended to be "SEPTEMBER 17, 1999".
Revised Maturity Date. The Maturity Date as set forth in the section in the Schedule to Loan Agreement entitled "Maturity Date (Section 5.1)" is hereby deleted and replaced with the following:
1.1 Credit Limit; the Maturity Date shall be considered to be the final scheduled repayment date for the Term Loans, determined in accordance with Section 1.1A.2." 19 SILICON VALLEY BANK AMENDMENT TO LOAN AGREEMENT -------------------------------------------------------------------------------