Loan B Maturity Date means July 31, 2016, or if earlier, the date of acceleration of all Obligations outstanding with respect to Loan B following an Event of Default or the date of prepayment, whichever is applicable."
Examples of Loan B Maturity Date in a sentence
In addition to the foregoing, a final payment of the Term Loan B, together with accrued interest and fees with respect thereto, shall be due and payable on the Term Loan B Maturity Date.
On the earlier of (i) the Term Loan B Maturity Date, or (ii) Borrowers repayment in full of the Term Loan B, Borrower shall pay Bank a fee equal to 2.75% of the original principal amount borrowed under the Term Loan B.
In addition to any prepayments or repayments made or required pursuant to Subsection 1.7, the outstanding principal balance of Term Loan A and Term Loan B not sooner due and payable shall become due and payable on the Term Loan A Maturity Date and Term Loan B Maturity Date, respectively.
If Term Loan B remains outstanding on the Term Loan B Interest-Only End Date, it shall be payable in 30 equal monthly installments of principal, plus all accrued interest, beginning on one month immediately following the Term Loan B Interest-Only End Date, and continuing on the same day of each month thereafter through the Term Loan B Maturity Date, at which time all amounts due in connection with the Term Loan B and any other amounts due under this Agreement shall be immediately due and payable.
Borrower shall pay to Lender a payment in the amount of Two Hundred Seventy-Two Thousand Nine Hundred Fifty-Eight and 44/100 Dollars ($272,958.44) (the Loan B Final Payment) upon the earlier of (i) payment in full of the principal balance of Loan B, (ii) an Event of Default and demand by Lender of payment in full of Loan B or (iii) on the Loan B Maturity Date, as applicable.