Common use of Payment Upon Maturity Clause in Contracts

Payment Upon Maturity. On the Maturity Date, Borrower will pay to each Lender an amount equal to the Outstanding Principal Amount of the Loan then owing to such Lender, together with all accrued and unpaid interest on such Outstanding Principal Amount and any other accrued and unpaid Obligations then owing to such Lender.

Appears in 3 contracts

Samples: Senior Secured Loan Agreement (Ugly Duckling Corp), Senior Secured Loan Agreement (Ugly Duckling Corp), Senior Secured Loan Agreement (Drivetime Automotive Group Inc)

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Payment Upon Maturity. On the Maturity Date, Borrower will pay to each Lender an amount equal to the Outstanding Principal Amount of the Loan then owing to such LenderLoan, together with all accrued and unpaid interest on such Outstanding Principal Amount the Loan and any other accrued and unpaid Obligations then owing to such LenderObligations.

Appears in 2 contracts

Samples: Loan Agreement (Ugly Duckling Corp), Loan Agreement (Ugly Duckling Corp)

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