Loan Due Date definition
Examples of Loan Due Date in a sentence
Swing Loans shall be repaid on the Swing Loan Due Date or such earlier times as may be specified in this Agreement.
Servicer may deduct the Servicing Fee from collections on the Assets prior to depositing the collections into the Collection Account upon a payment received for Performing Loans or upon the passing of the scheduled Mortgage Loan Due Date for non-performing loans and, if not deducted prior to deposit, may withdraw the Servicing Fee from the Collection Account in accordance with Section 2.03(b).
On or before the Loan Due Date, the full amount of the outstanding balance of principal and accrued interest shall be paid by Borrower to Lender in immediately available funds delivered by bank wire to an account designated in writing by Lender.
Interest shall accrue at the rate of 10% per annum, payable in full on or before the Loan Due Date and calculated on a 365-day year.
At the K-5 level, a teacher shall have a minimum of four and one-half (4-1/2) hours free for planning or preparation during the student week.
No later than March 31, 2008, Borrower shall deliver to Lender a written report that demonstrates that Borrower has the financial ability to repay the Term Loan in full (the “Term Loan Report”) by the Term Loan Due Date, which report shall be in form and content reasonably acceptable to Lender.
At any time prior to the Second Loan Due Date (including immediately prior to an Event of Acceleration, as defined below), the Investor shall have the option to convert the Second Loan into such number of fully-paid and non-assessable ordinary shares of the Company representing 5% of the outstanding shares on a fully-diluted basis of the Company at the time of such conversion.
Sybase further agrees modify the payment date provided in Section 1(a) of the Stock Purchase Note, as previously amended, such that the payment due date shall be December 31, 1997 ("Loan Due Date"), subject to all remaining provisions of the Stock Purchase Note.
Borrower agrees to pay each such demand loan, together with interest thereon, on or before the applicable Loan Due Date.
If Borrower does not repay in full any Facility A Term Loan on the Facility A Term Loan Due Date, whether pursuant to a deemed repayment of such Term Loan under Section 3.01(b) or otherwise, the unpaid portion of such Facility A Term Loan shall bear interest at the interest rate applicable under the Prime Rate Option until it is repaid (subject to increase under Section 3.03).