Examples of Loan Maturity Date in a sentence
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 Term Loan Maturity Date, upon acceleration or otherwise).
Whenever payment of the Loan to be made or taken hereunder shall be due on a day which is not a Business Day such payment shall be due on the next Business Day (except as provided in Section 4.2 [Interest Periods]) and such extension of time shall be included in computing interest and fees, except that the Loan shall be due on the Business Day preceding the Term Loan Maturity Date if the Term Loan Maturity Date is not a Business Day.
When the Borrower exercises its right to extend the Term Loan Maturity Date in accordance with Section 2.14(b), the Borrower shall pay to the Administrative Agent for the account of each extending Term Loan Lender a fee equal to fifteen hundredths of one percent (0.15%) of the principal amount of such extending Term Loan Lender’s then outstanding Term Loans.
The Borrower shall repay to the applicable Lenders the aggregate principal amount of the Term Loans outstanding on the Term Loan Maturity Date.
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Term Loan Lender, the unpaid principal amount of each Term Loan on the Term Loan Maturity Date.