Term Note A Maturity Date definition
Examples of Term Note A Maturity Date in a sentence
Term Note A shall continue to be payable in monthly installments of $23,833.00 each, beginning March 1, 2000 and payable on the first day of each succeeding calendar month thereafter until Term Note A (including all accrued interest thereon) has been fully paid and satisfied; provided, that on the Term Note A Maturity Date, all principal of Term Note A and all accrued unpaid interest thereon shall be finally due and payable.
Term Note A shall continue to be payable in monthly principal installments of $14,883.34 each, one each due and payable on the first day of each succeeding calendar month after its date until Term Note A (including all accrued interest thereon) has been fully paid and satisfied; PROVIDED, that on the Term Note A Maturity Date, all principal of Term Note A and all accrued and unpaid interest thereon shall be finally due and payable.
Subject to the provisions of SECTION 2.5 below, Term Note A shall bear interest on the outstanding principal balance from and after May 1, 2000 and from time to time outstanding, under Term Note A at a rate equal to the lesser of (a) the Maximum Legal Rate, or (b) the Prime Rate plus one and one-half percent (1 1/2%) per annum until the Term Note A Maturity Date, and after the Term Note A Maturity Date, at the Past Due rate.
Subject to the provisions of SECTION 2.5 below, Term Note A shall bear interest on the outstanding principal balance from time to time outstanding under Term Note A at a rate equal to the lesser of (a) the Prime Rate plus one-half of one percent (1/2%) per annum until the Term Note A Maturity Date, and after the Term Note A Maturity Date, at the Past Due Rate, and (b) the Maximum Legal Rate.