Payment at Maturity Date Sample Clauses
The 'Payment at Maturity Date' clause requires that all outstanding amounts owed under an agreement be paid in full on a specified maturity date. In practice, this means that the borrower or obligor must ensure that the principal, interest, and any other due charges are settled by the agreed-upon final date of the contract. This clause ensures that both parties are clear on when final payment is expected, thereby reducing uncertainty and helping to prevent disputes over payment timing.
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Payment at Maturity Date. No later than 11:00 a.m. (Toronto time) on the Maturity Date (as defined below), the Company shall pay to the Trustees an amount in cash equal to all outstanding principal of the Series 1 Debentures, accrued and unpaid Interest thereon and accrued and unpaid Late Charges (as defined below) on such Principal and Interest, if any. Other than as specifically permitted by the terms of the Indenture, the Company may not prepay any portion of the outstanding principal of the Series 1 Debentures, accrued and unpaid Interest thereon or unpaid Late Charges on such principal and Interest, if any.
Payment at Maturity Date. All amounts outstanding under the Loan and all other Obligations under the Loan shall be due and payable by Borrower in full, if not earlier in accordance with this Agreement, on the Maturity Date.
Payment at Maturity Date. If this Note has not been previously converted (as provided in Section 6), then on the Maturity Date, all of the Balance then outstanding shall be due and payable to the Holder in whose name this Note is registered, and at such address as is registered, on the records of the Company.
Payment at Maturity Date. (a) If this Note has not been previously prepaid pursuant to Section 3.1 prior to the Maturity Date, then the entire Balance shall be due and payable in full in cash on the Maturity Date.
(b) All rights with respect to this Note shall terminate upon the repayment of the entire Balance of this Note as provided in Section 2.1(a). Notwithstanding the foregoing, Holder agrees to surrender this Note to the Company (or Lost Note Documentation where applicable) as soon as practicable after repayment pursuant to Section 2.1.
(c) Notwithstanding anything herein to the contrary, if during any period for which interest is computed hereunder, the amount of interest computed on the basis provided for in this Note, together with all fees, charges and other payments which are treated as interest under applicable law, as provided for herein or in any other document executed in connection herewith, would exceed the amount of such interest computed on the basis of the Highest Lawful Rate, then the Company shall not be obligated to pay, and Holder shall not be entitled to charge, collect, receive, reserve or take, interest in excess of the Highest Lawful Rate, and during any such period the interest payable hereunder shall be computed on the basis of the Highest Lawful Rate.
Payment at Maturity Date. If the Maturity Date occurs before the payment or conversion of the entire Balance of this Note, then the Company shall pay the Balance of the Note at the Maturity Date. Payment on this Note (if any) shall be made, at the election of the Company, at the chief executive offices of the Company or by mail to the address of Holder of this Note (or by wire transfer of immediately available funds to such account as maybe specified by the Holder to the Company) in lawful money of the United States.
Payment at Maturity Date. If this Note has not been previously converted (as provided in Section 6), then, upon the election of the Majority Holders, the Balance shall be due and payable in full on or after the Maturity Date.
Payment at Maturity Date. Except with respect to any Excess Amount for which repayment shall be governed by Section 2.5 below, the Principal Amount together with all accrued but unpaid interest under this Note shall be due and payable on the Maturity Date, in accordance with the terms of this Note. If the payment of the Principal Amount and interest on this Note becomes due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day, and any such extension of time shall be included in computing interest in connection with such payment.
Payment at Maturity Date. All principal and any remaining interest of the Impact Notes outstanding as of the Maturity Date shall be paid in full on the Maturity Date.
Payment at Maturity Date. Unless converted pursuant to Section 2 hereof, the Issue Price together with accrued interest thereon shall be due and payable on the earliest to occur of [June __, 2002], the consummation of Corporate Transaction or an Event of Default (the "Maturity Date"); provided, however, at the election of the Holder, in lieu of cash, the Holder shall have the right to cause the Company to satisfy all or any part of the Issue Price and accrued interest thereon by issuing to Holder a number of registered shares of the Company's Common Stock determined by dividing such portion of the Issue Price and accrued interest thereon requested by Holder to be paid in shares by the lesser of (i) $0.20 or (ii) 75% of the average closing bid price per share of Common Stock during the ten trading days immediately preceding the Maturity Date.
Payment at Maturity Date. Any outstanding principal amount of the Revolving Notes and the Swing Line Note theretofore not repaid, together with any accrued and unpaid Unused Portion Fee, Administrative Fee or L/C Fee, any accrued and unpaid interest thereon, together with any other amounts due and payable in accordance with the provisions hereof (including pursuant to Section 9.10 hereof), shall be due and payable in full on the Maturity Date (unless sooner accelerated pursuant to the terms hereof), and this Agreement shall not terminate until all Obligations shall have been paid in full.