Restated Maturity Date definition
Examples of Restated Maturity Date in a sentence
Upon the occurrence of an Event of Default under SECTION 10.1(k), Lender shall not be entitled to declare the Obligations immediately due and payable prior to the Restated Maturity Date of any relevant Obligation(s) unless Borrower fails to cure the Event of Default within five (5) days after Lender gives written notice to Borrower as provided by SECTION 12.25 hereof, reasonably specifying the nature of the Events of Default.
Borrower shall pay to Lender (in arrears) accrued but unpaid interest, computed at the Facility Rate, on all sums outstanding under the Facility on the fifth day of each calendar month following the Restated Closing Date and thereafter until the Restated Maturity Date, at which time Borrower shall pay to Lender the amount necessary to pay in full all remaining principal and interest, together with any Lender's Expenses due Lender.
The Facility shall become fully due and payable and no addition Advances shall be available on or after the Restated Maturity Date.