MATURITY PAYMENTS Clause Samples

The Maturity Payments clause defines the obligations and procedures for making payments that become due when a financial instrument or agreement reaches its maturity date. Typically, this clause specifies the amount to be paid, the timing of the payment, and the method by which payment should be made to the relevant party. For example, in a loan agreement, it would detail the final repayment of principal and any outstanding interest owed at the end of the loan term. The core function of this clause is to ensure both parties clearly understand their rights and responsibilities regarding final payments, thereby preventing disputes and ensuring the orderly conclusion of the contractual relationship.
MATURITY PAYMENTS. GLAIC shall pay the Policyholder the Fund Balance on the Maturity Date.
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MATURITY PAYMENTS. We shall pay you the Fund Balance on the Maturity Date.
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MATURITY PAYMENTS. GELAAC shall pay the Policyholder the Fund Balance on the Maturity Date.
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MATURITY PAYMENTS. Subject to Section 10(c), if (i) GECC has elected under Section 3.3(c) of the Holdings LLC Agreement to fund the full amount or any portion of the Maturity Obligations then due or Maturity Deficiency by making payment of such Maturity Obligations or Maturity Deficiency, respectively, directly to the paying agent under the Holdings Bond Indenture, and (ii) (A) GECC has received funds in the Funding Subaccount from the Trustee pursuant to Section 3.3(c) of the Holdings LLC Agreement, then PAG’s obligation to indemnify GECC pursuant to Section 3(ii) shall be reduced in an amount equal to the PAG Co-Obligation Percentage of such funds GECC has received from the Funding Subaccount or (B) GECC has received funds in the Contribution Subaccount from the Trustee pursuant to Section 3.3(f) of the Holdings LLC Agreement, then PAG’s obligation to indemnify GECC pursuant to Section 3(ii) shall be reduced in an amount equal to the relative proportion of funds deposited by PAG into the Contribution Subaccount to those funds deposited by all Members (including PAG) into the Contribution Subaccount.
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MATURITY PAYMENTS. All outstanding principal and accrued interest under this Note shall be due and payable on May 10, 2023 (the “Maturity Date”) if not sooner pre-paid by Borrower or accelerated in accordance with the terms hereof. Borrower shall make a balloon payment, including all outstanding principal and accrued but unpaid interest, on the Maturity Date. If any payment of principal or interest shall be due on a Saturday, Sunday or any other day on which banking institutions in the State of Texas are required or permitted to be closed, such payment shall be made on the next succeeding business day and such extension of time shall be included in computing interest under this Note. Any payment of the principal and interest on this Note and any other payments which Borrower becomes obligated to pay to Lender pursuant to the Loan Documents (collectively, the “Obligations”) shall be made in lawful money of the United States of America in immediately available funds, without deduction, setoff or counterclaim, to such account as Lender shall from time to time designate in writing to Borrower.
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MATURITY PAYMENTS. The Loans shall mature, and the principal amount of all outstanding Loans, together with all accrued and unpaid interest thereon and all other Obligations that may be due to the Lender under this Agreement, shall be immediately due and payable by the Debtor to the Lender upon the expiration of the Credit Period, as it may have been extended by the Lender pursuant to Section 2.5 of this Agreement, without further application or notice to or order of, or hearing before, the Bankruptcy Court. All payments by the Debtor shall be made to the Lender in lawful money of the United States of America and in immediately available funds. Whenever any payment to be made hereunder shall be due on a day that is not a Business Day, such payment shall be made on the first Business Day thereafter, and such extension of time shall in such case be included in the computation of interest hereunder.
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MATURITY PAYMENTS. The Loans shall mature, and the principal amount of all outstanding Loans, together with all accrued and unpaid interest thereon and all other Obligations that may be due to the Lender under this Agreement, shall be immediately due and payable by the Debtors to the Lender upon the Maturity Date. The Obligations may be prepaid at any time by the Debtors without penalty. Immediately upon the receipt by the Debtors of any proceeds of any recovery upon any of the Debtors’ litigation claims, the Debtors shall prepay the Loans in an amount equal to the net proceeds of such recovery after taking into account expenses (a “Mandatory Prepayment”). All payments by the Debtors shall be made to the Lender in lawful money of the United States of America and in immediately available funds. Whenever any payment to be made hereunder shall be due on a day that is not a Business Day, such payment shall be made on the first Business Day thereafter, and such extension of time shall in such case be included in the computation of interest hereunder.
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MATURITY PAYMENTS. The outstanding principal amount of this Note, together with all accrued, unpaid interest thereon, shall be due and payable on the Maturity Date (as defined below). Maker shall have the right from time to time to prepay in whole or in part, without notice, penalty, or premium, the outstanding principal under this Note, provided only that Maker simultaneously pays interest to the date of such prepayment.
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MATURITY PAYMENTS 
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Related to MATURITY PAYMENTS

  • Scheduled Payments No Receivable has a final scheduled payment date later than six months preceding the Final Scheduled Maturity Date.

  • Securing Repayment In order to secure repayment of the Fund’s obligations to the Custodian, the Fund hereby agrees that the Custodian shall have, to the maximum extent permitted by law, a continuing lien and security interest in, and right of setoff against: (a) all of the Fund’s right, title and interest in and to all Accounts in the Fund’s name and the Securities, money and other property now or hereafter held in such Accounts (including proceeds thereof) and (b) any other property at any time held by the Custodian for the Fund. In the event the Custodian has such a legally permissible continuing lien and security interest, the Custodian shall be entitled to collect from the Accounts sufficient cash for reimbursement, and if such cash is insufficient, to sell the Securities in the Accounts to the extent necessary to obtain reimbursement (but only to the extent permitted by the 1940 Act). In this regard, the Custodian shall be entitled to all the rights and remedies of a pledgee and secured creditor of a registered investment company under applicable laws, rules or regulations as then in effect.

  • Maturity As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.

  • Payments of Interest Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

  • Prepayment Premiums As of the applicable date of origination of each such Mortgage Loan, any prepayment premiums and yield maintenance charges payable under the terms of the Mortgage Loans, in respect of voluntary prepayments, constituted customary prepayment premiums and yield maintenance charges for commercial mortgage loans.