Definition of Loan C Maturity Date


Loan C Maturity Date means, with respect to Loan C, forty-two (42) months from the first Business Day of the month next following the month in which the Funding Date for Loan C occurs, or if earlier, the date of acceleration of Loan C following an Event of Default or the date of prepayment, whichever is applicable.

Examples of Loan C Maturity Date in a sentence

Concurrently with Borrower's final payment of a Term Loan C Advance and not later than the Term Loan C Maturity Date, Borrower shall pay to Bank a Final Payment Fee - C ("Final Payment Fee-C"), with respect to such Term Loan C Advance, in an amount equal to three percent (3.00%) of the aggregate amount of the Term Loan C Advance.
Borrower shall repay the unpaid principal amount of Term Loan C on the Term Loan C Maturity Date.
The principal balance of the Term Loan C that is outstanding on the Closing Date shall be payable in 30 equal monthly installments of principal, plus all accrued and unpaid interest, beginning on July 1, 2003, and continuing on the first day of each month thereafter through the Term Loan C Maturity Date, at which time all amounts due under this Section 2.1.9 shall be immediately due and payable.
A new definition Term Loan C Maturity Date is hereby added to Section 13.1 of the Loan Agreement, is deemed placed therein in its proper alphabetical order, and shall read as follows: Term Loan C Maturity Date shall have the meaning set forth in Section 2.1.5.
Term Loan C Maturity Date means (a) June 30, 2011 or (b) that date on which Bank accelerates payment of Term Loan C in accordance with Section 7.02 of this Agreement.