Maturity Date Payment Clause Samples

Maturity Date Payment. On the Maturity Date, the Company will pay the Holder an amount in cash equal to the Maturity Principal Amount for the then-outstanding Principal Amount of this Note plus any accrued and unpaid interest on this Note.

Maturity Date Payment. On the Maturity Date, the Company shall redeem one hundred percent (100%) of the face principal amount of this Note (the “Principal Payment”) together with all accrued and unpaid interest thereon. The Principal Payment together with all accrued and unpaid interest thereon, shall, at the option of the Holder, be made in cash or, subject to fulfillment of the Equity Conditions on the Maturity Date, be made in Common Stock at the Conversion Price.

Maturity Date Payment. On the Maturity Date, the Holder shall surrender the Note to Borrower and Borrower shall pay to the Holder an amount in cash representing the outstanding principal balance of this Note plus any accrued and unpaid interest plus any other amounts owing under this Note other than principal and interest, including fees and damages, if any.

Maturity Date Payment. Subject to the provisions relating to adjustment of the Note set forth in SECTION 2.1, the principal balance of the Loan shall be payable in twelve equal installments equal to one-twelfth of the original principal amount of the Note, beginning on the last day of March, 2001 and on the last day of each June, September, December and March thereafter. The unpaid principal balance plus all accrued but unpaid interest, fees, charges and costs shall be due and payable on the Maturity Date or on such earlier date on which said amount shall become due and payable on account of acceleration by ▇▇▇▇▇▇.

Maturity Date Payment. All Unpaid Principal, together with all accrued and unpaid interest, will be due and payable on the date (the “Maturity Date”) that is the earlier of the following: (a) March 31, 2013; or (b) such earlier date on which such amounts become due and payable because of acceleration in accordance with the terms hereof. On the Maturity Date, the Borrower shall pay the entire Unpaid Principal at such time together with all accrued and unpaid interest then owing.

Maturity Date Payment. On the Maturity Date, the Company shall redeem one hundred percent (100%) of the face principal amount of this Note (the “Principal Payment”) together with all accrued and unpaid interest thereon. The Principal Payment together with all accrued and unpaid interest thereon, shall, at the option of the Holder, be made in cash or, subject to fulfillment of the Equity Conditions on the Maturity Date, be made in Common Stock at the Conversion Price. For the avoidance of doubt, the principal amount of this Note was $1,840,000.00 prior to Second Amended and Restated Date of this Note, and is $1,990,000.00 on and after the Second Amended and Restated Date of this Note.

Maturity Date Payment. Unless the Principle and outstanding interest is previously forgiven by vote of the Board of Directors of the Payee in the course of the Payee’s business, the Maker shall repay the principal amount of this Note, and any interest accrued thereon then remaining unpaid, on the Maturity Date (as hereafter defined). Notwithstanding the foregoing, the entire principal balance of this Note then outstanding, plus any accrued and unpaid interest thereon shall be due and payable on the earliest of (a) October 20th 2009 (365 days hence) or (b) such earlier date on which said amount shall become due and payable on account of acceleration by Payee (the “Maturity Date”). Maker agrees that, on the Maturity Date, Maker will pay to Payee the entire principal balance of this Note then outstanding, together with all accrued and unpaid interest hereunder. C. Default; Remedies. Any one of the following occurrences shall constitute an “Event of Default” under this Note: (i) failure by the Maker to make any payment of principal or interest when the same becomes due and payable, said failure continuing for thirty (30) days or more; or (ii) if Maker shall fail to pay its debts, make an assignment for the benefit of its creditors, or shall commit an act of bankruptcy, or shall admit in writing its inability to pay its debts as they become due, or shall seek a composition, readjustment, arrangement, liquidation, dissolution or insolvency proceeding under any present or future statute or law, or shall file a petition under any chapter of federal Bankruptcy Code or any similar law, state or federal, now or hereafter existing, or shall become “insolvent” as that term is generally defined under the Federal Bankruptcy Code, or shall in any involuntary bankruptcy case commenced against it file an answer admitting insolvency or inability to pay its debts as they become due, or shall fail to obtain a dismissal of such case within sixty (60) days after its commencement or convert the case from one chapter of the Federal Bankruptcy Code to another chapter, or be the subject of an order for relief in such bankruptcy case, or to be adjudged a bankruptcy or insolvent, or shall have a custodian, trustee or receiver appointed for, or have any court take jurisdiction of its property, or any part thereof, in any proceeding for the purpose of reorganization, arrangement, dissolution or liquidation, and such custodian, trustee, liquidator or receiver shall not be discharged, or such jurisdiction shall...

Maturity Date Payment. On the Maturity Date, Borrower will repay the entire remaining outstanding principal amount of the Loan together with all accrued and unpaid interest and all other amounts owed to Lender under the Loan Documents.

Maturity Date Payment. All outstanding monetary Obligations (including all accrued interest, the Exit Fee and any other unpaid fees) shall be payable in full on the Maturity Date.