MATURITY OF THE LOANS Sample Clauses
MATURITY OF THE LOANS. The Loans shall be due and payable on the Maturity Date. The Borrowers promise to pay on the Maturity Date all Loans outstanding on such date, together with any and all accrued and unpaid interest thereon.
MATURITY OF THE LOANS. The Loans shall be due and payable on the Maturity Date. The Borrowers jointly and severally promise to pay on the Maturity Date all Loans outstanding on such date, together with any and all accrued and unpaid interest thereon.
MATURITY OF THE LOANS. The Revolving Credit Loans shall be due and payable on the Maturity Date. The Borrowers jointly and severally promise to pay on the Maturity Date all Revolving Credit Loans outstanding on such date, together with any and all accrued and unpaid interest thereon.
MATURITY OF THE LOANS. The Domestic Loans, Canadian Loans, U.K. Loans and PR Loans shall be due and payable on the Maturity Date. Ryder promises to pay to the Administrative Agent, for the pro rata accounts of the Domestic Banks, the Outstanding Amount of all Domestic Loans outstanding on the Maturity Date. The Canadian Borrowers jointly and severally promise to pay to the Canadian Agent, for the pro rata accounts of the Canadian Banks, the Outstanding Amount of all Canadian Loans outstanding on the Maturity Date. The U.K. Borrowers jointly and severally promise to pay to the U.K. Agent, for the pro rata accounts of the U.K. Banks, the Outstanding Amount of all U.K. Loans outstanding on the Maturity Date. Ryder PR promises to pay the Administrative Agent, for the pro rata accounts of the XX Xxxxx, the Outstanding Amount of all PR Loans outstanding on the Maturity Date. All such payments shall be made together with any and all accrued and unpaid interest thereon, the accrued and unpaid Domestic Facility Fee, Canadian Facility Fee, U.K. Facility Fee and the PR Facility Fee with respect thereto, and any other fees and other amounts owing hereunder.
MATURITY OF THE LOANS. The Loans shall be due and payable on the Maturity Date. The Borrowers hereby jointly and severally promise to pay to the Agent for the pro rata accounts of the Banks, and there shall become absolutely due and payable on the Maturity Date, all of the Loans outstanding on the Maturity Date.
MATURITY OF THE LOANS. The Domestic Loans, Canadian Loans, U.K. Loans and PR Loans shall be due and payable on the Maturity Date (or, if earlier, on the date of the termination in full of the Total Domestic Commitment, the Total Canadian Commitment, the Total U.K. Commitment or the Total PR Commitment, as applicable). Ryder promises to pay to the Administrative Agent, for the pro rata accounts of the Domestic Banks, the Outstanding Amount of all Domestic Loans outstanding on the Maturity Date (or, if earlier, on the date of the termination in full of the Total Domestic Commitment). The Canadian Borrowers jointly and severally promise to pay to the Canadian Agent, for the pro rata accounts of the Canadian Banks, the Outstanding Amount of all Canadian Loans outstanding on the Maturity Date (or, if earlier, on the date of the termination in full of the Total Canadian Commitment). The U.K. Borrowers jointly and severally promise to pay to the U.K. Agent, for the pro rata accounts of the U.K. Banks, the Outstanding Amount of all U.K. Loans outstanding on the Maturity Date (or, if earlier, on the date of the termination in full of the Total U.K. Commitment). Ryder PR promises to pay the Administrative Agent, for the pro rata accounts of the XX Xxxxx, the Outstanding Amount of all PR Loans outstanding on the Maturity Date (or, if earlier, on the date of the termination in full of the Total PR Commitment). All such payments shall be made together with any and all accrued and unpaid interest thereon, the accrued and unpaid Domestic Facility Fee, Canadian Facility Fee, U.K. Facility Fee and the PR Facility Fee with respect thereto, and any other fees and other amounts owing hereunder.
MATURITY OF THE LOANS. The Company promises to pay on the Final --------------------- Maturity, and there shall become absolutely due and payable on the Final Maturity, all of the Loans Outstanding on such date, together with any and all unpaid interest thereon.
MATURITY OF THE LOANS. The outstanding principal balance of the Loans, together with all unpaid accrued interest thereon (not otherwise paid when due), and all other amounts payable by Borrower with respect to the Notes or pursuant to the terms of any other Loan Documents (not otherwise paid when due), shall be due and payable in full on the Maturity Date; provided, however, that the Maturity Date may be extended for three additional periods of twelve (12) months each, upon Borrower’s satisfaction of the following terms and conditions as to each such proposed extension prior to each such extension:
(a) At least thirty (30) days (but not more than one hundred twenty (120) days) prior to the then applicable maturity date, Borrower shall give Administrative Agent and each Lender written notice that Borrower desires an extension of said maturity date;
(b) At the time notice of such extension is given to Administrative Agent and the Lenders and at the time of such extension, no Event of Default or Unmatured Event of Default shall have occurred and be continuing;
(c) At the time of such extension, Borrower shall pay the Extension Fee to Administrative Agent, for the ratable benefit of the Lenders, in cash or immediately available funds, which extension fee is fully earned and non-refundable regardless of whether the Loans are repaid prior to the expiration of any extension period;
(d) Borrower shall have paid all reasonable, out-of-pocket costs and expenses of Administrative Agent in connection with such extension;
(e) Borrower, at its sole cost and expense, shall have obtained such endorsements to the Title Insurance Policy as Administrative Agent may reasonably require in connection with such extension;
(f) At Administrative Agent’s option, Administrative Agent shall have received and approved an updated (within 90 days proceeding the proposed extension) Appraisal of the Project at Borrower’s sole cost and expense, which demonstrates a Loan-to-Value Ratio of not to exceed forty-eight percent (48%); provided that Borrower may satisfy this requirement notwithstanding that such Loan-to-Value Ratio has been exceeded by paying down the outstanding balance of the Loan within thirty (30) days of being notified of such non-compliance by an amount sufficient so that such required Loan-to-Value Ratio, calculated based upon an assumed outstanding principal balance of the Loan (after giving affect to such paydown) is achieved;
(g) The Debt Service Coverage Ratio for the Project for the three mo...
MATURITY OF THE LOANS. The Loans shall be due and payable on the Maturity Date. The Borrower irrevocably promises to pay to the Administrative Agent, for the pro rata accounts of the Domestic Banks, the outstanding amount of all Domestic Revolving Credit Loans and Domestic Swing Line Loans outstanding on the Maturity Date. The Canadian Borrower irrevocably promises to pay to (i) the Canadian Agent, for the pro rata accounts of the Canadian Banks, the aggregate amount of all Canadian Revolving Credit
MATURITY OF THE LOANS. The Loans shall mature and shall be due and payable on the Termination Date. The Borrower promises to pay on the Termination Date, and there shall become absolutely due and payable on the Termination Date, all Loans outstanding on such date, together with any and all accrued and unpaid interest thereon.