On Maturity Date Sample Clauses
The "On Maturity Date" clause defines the actions or obligations that must be fulfilled when a financial instrument or agreement reaches its specified end date. Typically, this clause outlines the repayment of principal, payment of any outstanding interest, or the settlement of other obligations by the parties involved. For example, in a loan agreement, the borrower is required to repay the full outstanding balance to the lender on the maturity date. The core practical function of this clause is to ensure that all parties are clear about their responsibilities at the conclusion of the contract, thereby preventing disputes and facilitating a smooth closure of the agreement.
On Maturity Date. In addition to any other payments due under this Agreement, (i) the Borrowers shall repay to the applicable Lenders on the Revolving Credit Maturity Date the aggregate Outstanding Amount of all Revolving Credit Loans on such date and (ii) the Borrowers shall repay to the applicable Lenders on the Converted Term Loan Maturity Date the aggregate Outstanding Amount of all Converted Term Loans on such date.
On Maturity Date. On the Maturity Date, the applicable conversion ratio for the conversion of the Series I CCPS shall be the Normal Conversion Factor.
On Maturity Date. If not converted pursuant to Section 7 herein, all principal, interest and other charges and amounts to be paid hereunder shall be due and payable, in full in one lump sum, on the earliest of (a) October 9, 2018 (the “Maturity Date”) or (b) the date such amounts become due and payable after the occurrence of an Event of Default in accordance with Section 11 herein. In the event of any conversion pursuant to Section 7 herein, all interest shall be so converted and shall not be payable in cash.
On Maturity Date. The Commitment Amount shall be reduced automatically to zero ($0), and all Commitments of the Lenders shall be automatically terminated, on the Maturity Date.
On Maturity Date. In addition to any other payments due under this Agreement, the Borrowers shall repay to the Administrative Agent for the account of the applicable Lenders on the Maturity Date the aggregate Outstanding Amount of all Loans and LC Obligations on such date. Obligor Name: Southwest Convenience Stores, LLC and Skinny's, LLC Obligor No.: 0262937922 SECOND AMENDED AND RESTATED CREDIT AGREEMENT – Page 38 42575.100083 EMF_US 48981686v14
On Maturity Date. In addition to any other payments due under this Agreement, Borrower shall pay to Lender on the Maturity Date all Obligations then outstanding on such date.