Stated Maturity Date definition
Examples of Stated Maturity Date in a sentence
If Borrower is unable to satisfy all of the foregoing conditions within the applicable time frames for each, Lender shall have no obligation to extend the Stated Maturity Date hereunder, provided that Borrower shall pay all reasonable out-of-pocket costs and expenses actually incurred by Lender in connection with considering such extension, including underwriting, title and legal fees and costs.
Interest on the Notes will be payable quarterly in arrears on February 14, 2031, May 14, 2031 and August 14, 2031 during the floating rate period (the “2031 Notes Floating Rate Period”); provided that the final interest payment will be made on the 2031 Notes Stated Maturity Date (each, a “Floating Rate Interest Payment Date” and together with the Fixed Rate Interest Payment Dates, each, an “Interest Payment Date”).
During the 2036 Notes Floating Rate Period, the Company will pay interest on the 2031 Notes quarterly in arrears on February 14, 2036, May 14, 2036 and August 14, 2036; provided that the final interest payment will be made on the 2036 Notes Stated Maturity Date (each, a “2036 Notes Floating Rate Interest Payment Date”, and together with the 2031 Notes Floating Rate Interest Payment Date, the “Floating Rate Interest Payment Dates”).
On the 2031 Notes Interest Reset Date, the 2031 Notes will be redeemable in whole but not in part, or on or after October 14, 2031 (one month prior to the 2031 Notes Stated Maturity Date), in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2031 Notes to be redeemed, plus accrued and unpaid interest thereon to the redemption date, upon not less than 10 nor more than 60 days’ prior notice given to the holders of the Notes to be redeemed.
Interest payable on any Interest Payment Date (and the Stated Maturity Date) shall be the amount of interest accrued from, and including, the immediately preceding Interest Payment Date in respect of which interest has been paid or duly provided for (or from and including the date hereof, if no interest has previously been paid or duly provided for with respect to this Note) to, but excluding, such Interest Payment Date (or the Stated Maturity Date).