Examples of Loan Maturity Date in a sentence
If not sooner paid, the entire principal amount, all accrued and unpaid interest hereunder, all due and unpaid Lender Expenses and any other amounts payable under the Loan Documents shall be due and payable on the Term Loan Maturity Date; provided, however, that if such date is not a Business Day, the applicable principal (and any and all other outstanding amounts payable under the Loan Documents) shall be due and payable on the first Business Day immediately following such date.
The principal amount of each quarterly installment of the Term Loans shall each be in the principal amount equal to One Million One Hundred Thousand and 00/100 Dollars ($1,100,000.00); provided, however, that the final principal repayment installment of the Term Loans shall be repaid on the Term Loan Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date.
Subject to the Conversion Provisions, the Borrower shall be obligated to pay Initial Term Loan Interest on the Principal with respect to the Initial Term Loan, on the Initial Term Loan Maturity Date, and pay Additional Term Loan Interest on the Principal with respect to the Additional Term Loan, on the Additional Term Loan Maturity Date.
Subject to the Conversion Provisions, the Principal, any accrued Interest and any other amounts payable by the Borrower pursuant to this Agreement (a) with respect to the Initial Term Loan, shall become due and payable on the Initial Term Loan Maturity Date and (b) with respect to the Additional Term Loan, shall become due and payable on the Additional Term Loan Maturity Date.
Interest on the principal amount of each Loan or other monetary Obligation shall be due and payable on demand after such principal amount or other monetary Obligation becomes due and payable (whether on the stated Maturity Date or Term Loan Maturity Date (as applicable), upon acceleration or otherwise).