Maturity of the Loan. All principal owing on the Loan, and all accrued interest and other sums owing under the Loan Documents not otherwise paid when due, shall be due and payable in full on the Maturity Date. Borrower shall have the option to extend the term of the Loan (the "First Extension”) from the Maturity Date (for purposes of this Section, the “Original Maturity Date”) to a date that is twelve (12) months following the Original Maturity Date (for purposes of this Section, the “First Extended Maturity Date”), and upon the expiration of the First Extension, Borrower shall have the option to extend the term of the Loan (the “Second Extension”) from the First Extended Maturity Date to a date that is twelve (12) months following the First Extended Maturity Date (for purposes of this Section, the “Second Extended Maturity Date”), each such Extension being subject to the satisfaction of each of the following conditions precedent:
(a) Borrower shall provide Lender with written notice of Borrower’s request to exercise its option to extend the maturity date not more than ninety (90) days but not less than sixty (60) days prior to (i) the Original Maturity Date, in the case of the First Extension, and (ii) the First Extended Maturity Date, in the case of the Second Extension;
(b) As of the date of Borrower’s delivery of notice of request to exercise its option to extend, and as of the date of the commencement of the applicable extension, no Event of Default or Unmatured Event of Default shall have occurred and be continuing, and Borrower shall so certify in writing;
(c) Borrower shall certify in writing that all representations and warranties set forth in the Loan Documents remain true and correct;
(d) The Debt Service Coverage Ratio for the Project for the three month period immediately preceding the then applicable Maturity Date shall have been at least 1.25 to 1.0;
(e) Immediately prior to the commencement of each extension, Borrower shall pay to Lender an extension fee in the amount of one eighth of one percent (0.125%) of the total outstanding plus undisbursed Loan proceeds, as determined on the Original Maturity Date, in the case of the First Extension, and as determined on the First Extended Maturity Date, in the case of the Second Extension;
(f) Borrower shall deliver to Lender, at Borrower’s sole cost and expense, such title insurance endorsements reasonably required by Lender; and
(g) Borrower shall have paid all costs and expenses of Lender in connection with such exten...
Maturity of the Loan. The Borrower shall repay the Loan in full on the third anniversary of the Drawdown Date (the “Maturity Date”), unless the Loan is sooner accelerated pursuant to this Agreement or any other of the Loan Document.” to:
Maturity of the Loan. Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the Maturity Date designated in the Loan Schedule (or if any such date is not a Business Day, on the immediately succeeding Business Day) the outstanding principal amount of the Loan (without prejudice to the Borrower's obligations hereunder and under the other Loan Documents to pay all other accrued and unpaid amounts then owing to the Lenders hereunder and thereunder).
Maturity of the Loan. The Borrower shall repay the Loan in full on the second anniversary of the Drawdown Date (the “Maturity Date”), unless the Loan is sooner accelerated pursuant to this Agreement or any other of the Loan Document.
Maturity of the Loan. The principal of the Loan and all accrued and unpaid interest and all other amounts due under the Loan Documents shall be due and payable at the Maturity Date.
Maturity of the Loan. The Borrower shall repay the Loan in full on the fifth anniversary of the Drawdown Date (the “Maturity Date”), unless the Loan is sooner accelerated pursuant to this Agreement or any other of the Loan Document.” The new Maturity Date of the Third Amended Loan is January 15, 2024.
3. Unless otherwise expressly provided herein, all other terms and conditions in the Original Agreement shall remain in full force and effect.
4. This Third Amendment shall be deemed as an integral part of the Original Agreement but shall take precedence if there is any discrepancy between this Third Amendment and the Original Agreement.
5. This Third Amendment may be executed, including execution by email, in any number of counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same document.
Maturity of the Loan. All principal owing on the Loan, and all accrued interest and other sums owing under the Loan Documents not otherwise paid when due, shall be due and payable in full on the Maturity Date.
Maturity of the Loan. The Loan shall mature and the Company shall pay in full the outstanding principal amount thereof and accrued interest thereon on February 10, 2009 (or if not a Business Day, on the first Business Day thereafter) (the "MATURITY DATE").
Maturity of the Loan. The Loan shall mature, and the principal amount of the Loan funded hereunder shall become immediately due and payable (together with accrued but unpaid interest thereon), upon the Maturity Date (or if any such day is not a Business Day, then on the next succeeding Business Day).
Maturity of the Loan. 11.1 The Loan will run without instalments and mature in whole on the Maturity Date, at par (1 unless terminated and repaid in accordance with Clause 10.
