Maturity Obligations definition
Examples of Maturity Obligations in a sentence
The Scheduled Maturity Obligations shall terminate on the earlier of (A) the Interest Payment Date on which the Company has redeemed the Notes in full in accordance with the Scheduled Maturity Obligations, (B) when the Notes are otherwise paid in full on the Final Maturity Date or (C) upon an Event of Default resulting in acceleration of the Notes pursuant to Section 5.02 hereof.
Unless the Scheduled Maturity Obligations shall have terminated as aforesaid and except under the circumstances set forth in Section 2.02(a)(viii), the Company’s failure to use Commercially Reasonable Efforts to raise sufficient proceeds from the issuance of Qualifying Capital Securities to repay the Notes in full on a Repayment Date shall constitute a default under clause (2) of the definition of Enforcement Event in Section 5.03, but shall in no event constitute an Event of Default.
The entire principal amount of this Note, together with all accrued but unpaid interest thereon, any and all unpaid late charges and interest due at the Delinquency Rate, and all other Maturity Obligations (defined below) shall be due and payable to GENEL on October 31, 2001 (the "MATURITY DATE").
The GE Representative Member shall direct that any such funds shall be disbursed first to GECC to repay the amount of Interest Obligations or Maturity Obligations GECC has paid and has not otherwise been reimbursed (including any amounts payable to GECC with respect thereto under the Indemnification Agreements).
Prior to the Fall Away Event and the Redemption, the Company was obligated to pay 100% of the total amount of the Interest Obligations and Maturity Obligations (as those are required to be paid under the Bond Indenture), together with all expense relating to the Bonds to the extent of the Company’s cash and cash equivalents, except for Permitted Working Capital.
The entire principal amount of this Note, together with all accrued but unpaid interest thereon, any and all unpaid late charges, and all other Maturity Obligations (defined below) shall be due and payable to GECC on December 31, 2002 (the "MATURITY DATE").
On and after March 17, 2015, the Company agreed to pay by wire transfer to GECC prior to November 24, 2015 and to GE Tennessee from and after such date 50.1% of the total amount of the Interest Obligations and Maturity Obligations (without regard to any modifications of the Bond Indenture or any prepayment by GE of the Interest Obligations or Maturity Obligations) together with all expenses relating to the Bonds and such other amounts as were set forth in Article 10 of the Second Amended LLC Agreement.
In the event of such acceleration, Borrower may discharge its obligations to Lender by paying the Maturity Obligations, with interest at the Default Rate accruing from the date such acceleration is declared, plus any applicable prepayment premium provided for in the Loan Agreement, or if no prepayment is then permitted, a prepayment premium equal to five percent (5%) of the unpaid balance of the Loan.
As a result of the Redemption, the Company’s obligation to pay to GECC was reduced from 100% to 50.1% of the total amount of the Interest Obligations and Maturity Obligations.
Any interest earned from such investments will be deposited or moved into the Funding Subaccount to be used exclusively to pay Interest Obligations or Maturity Obligations while Company Bonds are outstanding.