Common use of Payment in Full at Maturity Clause in Contracts

Payment in Full at Maturity. On the Maturity Date, the entire outstanding principal balance of all Advances, together with accrued but unpaid interest and all other sums owing under this Agreement, shall be due and payable in full; provided, however, that until the Borrower obtains a Long-Term PSCW Approval (and provides the Agent with a copy thereof), the outstanding principal balance of each Advance, together with accrued but unpaid interest thereon, shall be due and payable in full on the earlier of (i) the date that is 364 days following the date on which such Advance is made and (ii) the Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Wisconsin Energy Corp), Credit Agreement (Wisconsin Energy Corp), Credit Agreement (Wisconsin Energy Corp)

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Payment in Full at Maturity. On the Maturity Date, the entire outstanding principal balance of all Advances, together with accrued but unpaid interest and all other sums owing under this Agreement, shall be due and payable in full; provided, however, that until the Borrower obtains a Long-Term PSCW Approval (and provides the Agent and, via the Agent, each Lender with a copy thereof), the outstanding principal balance of each Advance, together with accrued but unpaid interest thereon, shall be due and payable in full on the earlier of (i) the date that is 364 days following the date on which such Advance is made and (ii) the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Wisconsin Energy Corp)

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