Loans Coterminous Sample Clauses

The "Loans Coterminous" clause establishes that multiple loans or credit facilities provided to a borrower will share the same maturity date or term. In practice, this means that if a borrower has several outstanding loans with a lender, the repayment schedules for these loans are aligned so that they all become due at the same time, regardless of their original start dates. This approach simplifies loan administration for both parties and ensures that the lender can manage risk more effectively by consolidating repayment events, thereby reducing the complexity of tracking multiple, staggered loan maturities.