Commercial Loan Maturity Date definition
Commercial Loan Maturity Date means, in respect of a Commercial Loan Advance, the earlier of (a) the date falling on the sixth (6th) anniversary of the Final Delivery Date; (b) 30 June 2022; and (c) the date on which the Commercial Loan is accelerated pursuant to Clause 20.4;
Examples of Commercial Loan Maturity Date in a sentence
On the Second Extended Commercial Loan Maturity Date, all of the conditions set forth in SECTION 3.1 of the Loan Agreement and EXHIBIT D to the Loan Agreement shall, unless waived by the Lender, continue to be satisfied.
The Extension Fee shall be fully earned by Lender and non-refundable regardless of whether the Commercial Loan is paid prior to the Third Extended Commercial Loan Maturity Date.