Examples of First Extension Maturity Date in a sentence
The Company may exercise the Second Extension Option by providing the Payee with written notice of such exercise fifteen (15) days prior to the First Extension Maturity Date.
Unfortunately, in some instances we may not allow our clients to access certain products or services however, this approach will be assessed by your Branch Manager on a case by casebasis.
This results in the money being “trapped” in the fund and his heir not receiving any benefit.
Borrower shall, as a condition to Borrower exercising its right to extend the term of the Loan for each Extension Period, purchase a new Interest Rate Protection Agreement having a term ending not earlier than the First Extension Maturity Date or the Second Extension Maturity Date, as applicable, and having a strike price equal to the Capped Benchmark Rate.
Each Extension Option may be exercised by the Company by delivery of a notice to the Holders on or prior to the date that is forty five (45) days prior to the Initial Maturity Date or the First Extension Maturity Date, as applicable, together with a payment in an amount equal to one and a half percent (1.50%) of the outstanding principal amount of the Notes as of the date of such notice (each, an Extension Fee) paid together with the delivery of such notice.