Common use of Maturity Date of Advances Clause in Contracts

Maturity Date of Advances. If not sooner paid, the principal amount of each Advance and all unpaid interest that has accrued thereon, shall be due and payable 60 months after the applicable Advance is made. All payments shall be made through, at the discretion of Borrower, (a) Borrower’s provision of services to Lender, at fair market rates, (b) Borrower’s payment of operating expenses on behalf of Lender, or (c) in lawful money of the United States of America and in immediately available funds.

Appears in 12 contracts

Samples: Comitment for Future Advances (CRL Team 12, Inc.), Comitment for Future Advances (Seattle Emerald Haze, Inc.), Comitment for Future Advances (Texas Holy Smokers, Inc.)

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