Maturing Loan definition
Maturing Loan has the meaning given to that term in Clause 8.2 (Rollover Loans).
Maturing Loan. Type: (Conversion or Continuation only) _____________________ Type of Advance:
Maturing Loan shall have the meaning set forth in Section 2.04(e).
Examples of Maturing Loan in a sentence
Such New Loan shall be treated as having been applied in repayment in full of the Maturing Loan.
If the Borrower has not delivered a Drawdown Notice in respect of a Maturing Loan in accordance with Clause 5.1 (Delivery of a Drawdown Notice), the Maturing Loan shall, subject to the other provisions of this Agreement, be automatically rolled over with an Interest Period of three (3) months.