Examples of Loan Maturity Date in a sentence
In order to exercise the option to convert the Loan to a Permanent Loan, the Borrower must provide the City with written notice of such election at least fifteen (15) days prior to the Construction Loan Maturity Date.
Provided all of the requirements and conditions set forth in Section 5.1 have been met and the Borrower has properly exercised the option to convert the Loan to a Permanent Loan in the manner and at a time permitted under Section 5.2, then the Permanent Phase shall commence on the Construction Loan Maturity Date.
If the Second Loan does not become payable prior to the Second Loan Maturity Date, the Second Note shall be completely forgiven and the Second Deed of Trust shall be released thereafter.
The principal of each Revolving Loan shall be repaid in full on the Revolving Loan Maturity Date.
The entire Term Loan principal balance and all accrued but unpaid interest hereunder, shall be due and payable on the Term Loan Maturity Date.