Loan Maturity Clause Samples
The Loan Maturity clause defines the date on which the borrower is required to fully repay the outstanding principal and any accrued interest on the loan. Typically, this clause specifies a fixed calendar date or a period after which the loan must be settled, and may outline any final payment procedures or obligations. Its core practical function is to establish a clear endpoint for the loan agreement, ensuring both parties understand when the debt must be repaid and helping to prevent disputes over repayment timelines.
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Loan Maturity. On the Maturity Date (or, if different, the Expiration Date), the full principal amount of the Loan, together with accrued Interest thereon and any other amounts due hereunder, shall be due and payable in full.
Loan Maturity. The Borrower agrees to repay the outstanding principal amount of all Loans (together with all accrued and unpaid interest thereon) on or before the Termination Date.
Loan Maturity. The Loan, including the full outstanding principal balance thereon and all accrued and then unpaid interest thereon, if not sooner paid, shall be immediately due and payable without notice or demand on March 27, 2009 (the “Loan Maturity Date”).”
Loan Maturity. The Revolving Loan, including the full outstanding principal balance thereon and all accrued and then unpaid interest thereon, if not sooner paid, shall be immediately due and payable without notice or demand on the Maturity Date.
Loan Maturity. The following defined terms are amended to read in their entirety as follows:
Loan Maturity. The maturity date (“Maturity Date”) of the Loan is the earlier ofthe earlier of: (a) the closing date of the purchase of the Borrowers’ membership interests in the LLC by OSP, pursuant to Section 7.11 of that certain Operating Agreement of the LLC (the “Operating Agreement”), as amended; or (b) one year following the date the LLC’s twentieth (20th) ▇▇▇▇▇▇▇'▇ Prime Steakhouse and Wine Bar restaurant opens to the public for business.On the Maturity Date, all sums outstanding under the Loan shall be immediately due and payable, and Outback’s obligation to fund shall cease and terminate.
Loan Maturity. The entire principal balance, together with all accrued and unpaid interest and any other charges, advances, and fees, if any, outstanding hereunder shall be due and payable in full on February 28, 2011, or upon the earlier acceleration of the Note (the “Maturity Date”).
Loan Maturity. The Loan and interest accrued thereon must be repaid on the earlier of (i) the date that is thirteen (13) months from the Closing Date and (ii) the acceleration of the Loan pursuant to Section 12.1 below (such date, the "Maturity Date").
Loan Maturity. The maturity date of the Construction Line shall be September 1, 1999 with two (2) extension options of three (3) months each to be granted at Borrower's request, at the sole and absolute discretion of Bank and on the terms as set forth in the Construction Line Note. On the Maturity Date of the Note, all sums outstanding under such notes shall be immediately due and payable, and the Bank's obligation to fund shall cease and terminate.
Loan Maturity. The aggregate outstanding amount of the Loan, all other amounts outstanding pursuant to this Agreement, and all other Obligations pursuant to this Agreement shall be due and payable in full, if not earlier in accordance with this Agreement, on the Maturity Date.