Maturity Date definition
Examples of Maturity Date in a sentence
The foregoing notwithstanding, upon the prepayment of any principal amount, Borrower shall be obligated to pay a make-whole premium payment on account of such principal so paid, which shall be equal to the aggregate and actual amount of interest (at the contract rate of interest) that would be paid through the Maturity Date (“Prepayment Fee”).
Borrower shall have delivered to Administrative Agent a schedule of any Loan Party’s anticipated sales of Qualified Equipment, by calendar quarter through the Stated Maturity Date, substantially similar in form to Exhibit H-4 (the “Equipment Sale Forecast”).
Borrower shall repay to Administrative Agent (i) on each Quarterly Payment Date, the Minimum Principal Payment due and owing as of such date and (ii) on the Loan Maturity Date, the remaining unpaid principal amount of all Loans plus any other Obligations under the Financing Documents then due and owing.
Therefore, for the avoidance of doubt, all Holders of record on the Regular Record Date immediately preceding the Maturity Date shall receive the full interest payment due on the Maturity Date in cash regardless of whether their Notes have been converted following such Regular Record Date.
All unpaid principal and accrued and unpaid interest with respect to the Term Loan is due and payable in full on the Maturity Date.