Current Maturity definition

Current Maturity. A This is the actual date when the last Date Date payment on the loan is scheduled to be made. For balloons it should be the balloon date. For modified loans it should be the modified maturity date.
View Source
Current Maturity of Long Term Debt (CMLTD)" shall mean the current maturity of long term indebtedness paid during the applicable period, including, but not limited to, amounts required to be paid during such period under capital leases."
View Source

Examples of Current Maturity in a sentence

  • No Lender shall be under any obligation or commitment to extend the Current Maturity Date.

  • All Loans of each Non-Consenting Lender shall be subject to the Current Maturity Date, without giving effect to such extension (such date, the “Prior Maturity Date”).

  • Each Lender, acting in its sole discretion, shall, by notice to the Administrative Agent no later than thirty (30) days following the date such Extension Notice is delivered to the Administrative Agent (such date, the “Consent Date”), advise the Administrative Agent in writing of its desire to extend (any such Lender, a “Consenting Lender”) or not to so extend (any such Lender, a “Non-Consenting Lender”) the Current Maturity Date.

  • Each Lender, acting in its sole discretion, shall, by notice to the Administrative Agent no later than twenty (20) days following the date such Extension Notice is delivered to the Administrative Agent (such date, the “Consent Date”), advise the Administrative Agent in writing of its desire to extend (any such Lender, a “Consenting Lender”) or not to so extend (any such Lender, a “Non-Consenting Lender”) the Current Maturity Date.

  • Borrower and Lender have now agreed, subject to the terms and conditions set forth herein, to extend the Current Maturity Date for an additional two years.

  • In the event of an extension of the Current Maturity Date pursuant to this Section 2.8, the Borrower shall have the right, at their own expense, to solicit commitments from existing Lenders and/or additional Eligible Assignees which meet the requirements set forth in Section 13.10(b) to replace the Revolving Credit Commitment of any Non-Consenting Lenders for the remaining duration of the Credit Facility.

  • In the event of an extension of the Current Maturity Date pursuant to this Section 2.8, the Borrowers shall have the right, at their own expense, to solicit commitments from existing Lenders and/or additional Eligible Assignees which meet the requirements set forth in Section 13.10(b) to replace the Revolving Credit Commitment of any Non-Consenting Lenders for the remaining duration of the Credit Facility.

  • In the event of such extension, the Commitment of each Non-Extending Bank shall terminate on the Current Maturity Date applicable to such Non-Extending Bank, all Loans and other amounts (including non-contingent L/C Obligations) payable hereunder to such Non-Extending Bank shall become due and payable on such Current Maturity Date and the Total Commitments of the Banks hereunder shall be reduced by the aggregate Commitments of Non-Extending Banks so terminated on such Current Maturity Date.

  • The decision whether to accept or reject an Extension Request shall be made by each Lender in its sole discretion based on such information as it may deem necessary and no Lender shall have any obligation to agree to any extension of the then Current Maturity Date.

  • A Non-Extending Bank shall not deliver a Competitive Bid Request with respect to a Competitive Borrowing having an Interest Period ending after the Current Maturity Date.