Extension of Maturity Date definition

Extension of Maturity Date. Beginning at the first renewal date, and annually thereafter, the Investor may elect to extend the back end of the term for an additional year (or more), but is not required to do so. If the Investor elects not to extend the term of its investment an additional year to ten years out, Investor is obligated to notify FP at least thirty (30) days prior to the renewal date on which such decision becomes effective. If no such notice is received by FP, then the term is deemed automatically renewed for an additional year. Election not to extend the maturity date shall result in a fixed maturity date with a term starting at ten years from such election and declining thereafter. Election not to extend the maturity in one year does not preclude extension in subsequent years, but the Investor is not obligated to provide notice thereafter of its desire to call the debenture. Definition of Terms Used in this Agreement:
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Extension of Maturity Date. The Maturity Date of the Debenture is hereby extended to June 30, 2005.
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Extension of Maturity Date. The Maturity Date may be extended for 364 days on the request of the Borrowers and with the agreement of the Bank in its absolute discretion. A request for an offer of extension may be made by the Borrowers not more than 60 days and not less than 30 days prior to the Maturity Date. Within 20 days of a request for an offer of extension, the Bank shall either provide the Borrowers with an offer to extend the Maturity Date and the terms and conditions on which such offer is made or advise the Borrowers that it is not willing to extend the Maturity Date. Failure by the Bank to provide a response to the request within such 20 days shall be deemed to be a denial of such request. If the Bank provides an offer of extension, it may be accepted by the Borrowers until the second Business Day before the Maturity Date in which case the Maturity Date shall be extended for 364 days from the day such offer is accepted.
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Examples of Extension of Maturity Date in a sentence

  • This is an Extension of Maturity Date Request pursuant to Section 2.8(a) of the Credit Agreement requesting an extension of the Maturity Date to [INSERT REQUESTED MATURITY DATE].

  • Please transmit a copy of this Extension of Maturity Date Request to each of the Lenders.

  • There must be no riders requiring charges after the Activation Date, other than an Extension of Maturity Date Rider which provides for a Death Benefit starting on the original Maturity Date equal to the base policy Death Benefit and any term insurance rider issued on the life of the Insured.

  • Redemption and Purchase6.1 Redemption at maturityUnless previously redeemed or purchased and cancelled as specified below, each Bond will be redeemed by the Issuer on the Maturity Date or in accordance with the Redemption Schedule specified in the applicable Final Terms, subject as provided in Clause 6.7 (Extension of Maturity Date) if an “Extended Maturity Date” is specified in the applicable Final Terms.

  • All future Monthly Deductions for the policy, any remaining Extension of Maturity Date Rider which provides for a Death Benefit starting on the original Maturity Date equal to the base policy Death Benefit and any remaining term insurance rider on the Insured will be waived; and 2.

  • Extension of Maturity Date; Exchange of Tranche A-1 Term Loans to Tranche A-2 Term Loans.

  • Extension of Maturity Date............................................

  • THE CREDIT FACILITY 42 §2.1 Revolving Credit Loans 42 §2.2 [Intentionally Omitted.] 44 §2.3 Facility Unused Fee 44 §2.4 Reduction and Termination of the Commitments 44 §2.5 Swing Loan Commitment 45 §2.6 Interest on Loans 47 §2.7 Requests for Revolving Credit Loans 48 §2.8 Funds for Loans 48 §2.9 Use of Proceeds 49 §2.10 Letters of Credit 49 §2.11 Increase in Total Commitment 52 §2.12 Extension of Maturity Date 55 §2.13 Defaulting Lenders 56 §3.

  • Extension of Maturity Date, dated January 30, 1989, to Exhibit 4(b).*** 4(d) Extension of Maturity Date, dated January 31, 1990, to Exhibit 4(b).**** 4(e) Conveyance Agreement between the Company, certain subsidiaries of the Company, Citibank, N.A., and certain other banks.

  • Extension of Maturity Date.................................................


More Definitions of Extension of Maturity Date

Extension of Maturity Date means the option of Borrower to extend the Maturity Date of Revolving Loan for twelve (12) months as long as: (a) a written request from Borrower requesting the extension is received no later than three (3) months prior to the expiration of the existing Maturity Date of Revolving Loan; (b) no Event of Default exists at the time of the request or at the time of expiration of the then existing Maturity Date of Revolving Loan; and (c) Borrower pays and extension fee equal to twenty (20) basis point times the aggregate of each Lender’s Revolving Commitment.
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Related to Extension of Maturity Date

  • Term Maturity Date means December 30, 2021 (or, with respect to any Term Lender that has extended the maturity date of its Term Loans pursuant to Section 2.19(b), the extended maturity date set forth in the Extension Notice delivered by the Borrower and such Term Lender to the Administrative Agent pursuant to Section 2.19(b)).

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B-1 Loans, the Term B-1 Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Final Maturity Date means March 31, 2022.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Legal Maturity Date means July 15, 2024.

  • Applicable Maturity Date means (a) with respect to the Revolving Loans, the Swing Line Loans and Letters of Credit, the Revolving Loan Maturity Date and (b) with respect to the Term Loan, the Term Loan Maturity Date.

  • Original Maturity Date means the date on which the bond reaches the end of the term for which it was initially offered and, unless further extended, ceases to earn interest.

  • Class B Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Revolving Maturity Date means the day before the first anniversary of the Closing Date.

  • Tranche A Maturity Date means August 4, 2005, or, if such day is not a Business Day, the next preceding Business Day.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Extended Maturity Date shall have the meaning set forth in Section 2.5(c) hereof.

  • Term B Loan Maturity Date means December 15, 2006 or such earlier date as the outstanding Term B Loan shall have been reduced to $0 pursuant to this Agreement.

  • Revolver Maturity Date means September 21, 2023, or, as to any Revolving Credit Lender for which the Revolver Maturity Date is extended pursuant to Section 2.17, the date to which the Revolver Maturity Date is so extended or, if such day is not a Business Day, the next preceding Business Day.

  • Initial Maturity Date means the earlier of (i) December 1, 2015 (the "Scheduled Initial Maturity Date"), and (ii) the date on which the unpaid principal balance of this Note becomes due and payable by acceleration or otherwise pursuant to the Loan Documents or the exercise by Lender of any right or remedy thereunder.

  • Initial Term Loan Maturity Date means August 15, 2025 or, if such date is not a Business Day, the immediately preceding Business Day.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Existing Maturity Date has the meaning specified in Section 2.14(a).

  • Swingline Maturity Date means, with respect to any Swingline Loan, the date that is five Business Days prior to the Maturity Date.