Original Maturity Date definition
Examples of Original Maturity Date in a sentence
Interest on Loan A shall be payable (i) on the date falling twelve (12) months from the Closing Date (the “Original Maturity Date”), and (ii) if the Borrower exercises its rights under Section 1.2(b), monthly in arrears on the first Business Day of each successive month after the Original Maturity Date through the date to which the Maturity Date is extended under Section 1.2(b).
If any amount of a Loan is prepaid under this Section 1.2(c), the Borrower shall pay the Lender a prepayment fee in an amount equal to the amount of all interest that would have occurred on the amount of the Loan prepaid from the date of prepayment until the Original Maturity Date (or, if at the date of such prepayment, the Maturity Date has been extended pursuant to Section 1.2(b), from the date of such prepayment until the then-current Maturity Date).