Payments; Maturity Clause Samples

Payments; Maturity. Interest only on the unpaid principal balance of this Note shall be due and payable beginning on the first (1st) day of July, 2015 and continuing on the first (1st) day of each October, January, April and July thereafter until this Note has been paid in full. If not sooner paid, the entire principal balance, all accrued and unpaid interest, if any, and all other sums provided herein shall be due and payable in full on April 1, 2017 (the “Initial Maturity Date”). All payments of principal, interest, fees, expenses and other amounts to be paid by the Maker under this Note shall be paid not later than 2:00 p.m. on the date when due in immediately available funds, without setoff, deduction, counterclaim or withholding of any kind, at the address of the Noteholder set forth in the Purchase Agreement or at such other address as the Noteholder shall specify in writing. Notwithstanding the foregoing, if on the Initial Maturity Date no Event of Default (as hereinafter defined) has occurred and is continuing and no other event has occurred and is continuing which, with the lapse of time, the giving of notice or both, would constitute an Event of Default (a “Default”), then the Maker may extend the maturity date of this Note to October 1, 2017 by so notifying the Noteholder in writing on or before the Initial Maturity Date.

Payments; Maturity. Interest only on the unpaid principal balance of this Note shall be due and payable beginning on the first (1st) day of March, 2017 and continuing on the first (1st) day of each June, September, and December thereafter until this Note has been paid in full. If not sooner paid, the entire principal balance, all accrued and unpaid interest, if any, and all other sums provided herein shall be due and payable in full on [December 1], 2019 (the “Maturity Date”). All payments of principal, interest, fees, expenses and other amounts to be paid by the Maker under this Note shall be paid not later than 2:00 p.m. on the date when due in immediately available funds, without setoff, deduction, counterclaim or withholding of any kind, at the address of the Noteholder located at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, or at such other address as the Noteholder shall specify in writing. Notwithstanding the foregoing, all or any portion of the outstanding principal balance hereof, together with interest accrued thereon, shall be payable on demand by Noteholder.

Payments; Maturity. The entire outstanding principal sum under this Note shall be due and payable twenty (20) years from the completion of the Construction Period, as that term is defined in the Loan Agreement (the “Maturity Date”). Subject to any payment changes resulting from changes in the Index, Borrower will pay this loan, first, in not more than eighteen (18) months of interest payments and then in two-hundred forty (240) months of principal and interest payments based on a twenty (20) year amortization, in accordance with the following payment schedule: Consecutive monthly payments of interest only during the Construction Period calculated on the unpaid principal balance at a rate based on the Wall Street Journal Prime Rate plus 1.5% per annum, with a floor of 4.5% per annum; Sixty (60) consecutive monthly payments of principal and interest in amounts to be determined upon the interest rates in effect at the time of such determination and the remaining amortization period, beginning at the completion of the Construction Period, with interest calculated on the unpaid principal balance at a fixed rate based on the five (5) year Treasury-bill plus three hundred (300) basis points per annum, with a floor of 6% per annum; One Hundred Eighty (180) consecutive monthly payments of principal and interest in amounts to be determined, beginning five (5) years from the completion of the Construction Period, with interest to be calculated on the unpaid principal balance at a rate to be negotiated between the parties, or if no rate is negotiated, based on the Wall Street Journal Prime Rate plus 1% per annum, with a floor to be set not to exceed two hundred fifty (250) basis points over the Prime Rate; and One (1) final payment of principal and interest twenty (20) years from the completion of the Construction Period. The final payment will include all remaining principal and accrued interest not yet paid, together with any other unpaid amounts under this Note. The payments referred to herein are based on the loan being fully-funded at the end of the Construction Period. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid interest; then to principal; then to any unpaid collection costs; and then to any late charges. The annual interest rate for this Note is computed on a 365/360 basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied b...

Payments; Maturity. The entire indebtedness evidenced by this Note, ----------------- including the entire principal balance outstanding hereunder, any and all unpaid interest accrued thereon, and any and all other amounts due and owing hereunder, shall be due and payable in full on November 8, 2004 (the "MATURITY DATE"). Maker may prepay the principal and interest due hereunder at any time without additional fee or penalty.

Payments; Maturity. Interest shall accrue from the date of each Advance at the rate specified in Section 2.3(b), and shall be payable monthly on the thirtieth calendar day of the month (except for the month of February for which payment shall be due on the twenty-eight calendar day of the month) for each month through the month in which the Commitment Termination Date falls. All Advances that are outstanding on the Commitment Termination Date shall be payable in forty-eight (48) equal monthly installments of principal, plus accrued interest, beginning on April 30,

Payments; Maturity. Interest shall accrue from the date ----------------- of each Equipment Advance at the rate specified in Section 2.3(b), and shall be payable monthly on the twenty-second calendar day of the month for each month through the month in which the Equipment Availability Date falls. All Equipment Advances that are outstanding on the Equipment Availability Date will be payable in thirty-six (36) equal monthly installments of principal, plus accrued interest, beginning on the last day of the month in which the Equipment Availability Date falls. All amounts outstanding under the Equipment Facility and all amounts due under this Agreement shall be paid in full on the Equipment Facility Maturity Date.

Payments; Maturity. The Company shall make equal annual payments on each anniversary of this Note in an amount necessary to fully amortize the principal and interest payments over five (5) years. Notwithstanding the foregoing, the entire principal balance and accrued interest on this Note shall be due and payable on the tenth (10th) anniversary of this Note (the “Maturity Date”). All payments shall be applied to interest first, then to principal. The unpaid principal and interest due hereunder may be prepaid by the Company at any time without penalty.

Payments; Maturity. The outstanding Advances with respect to any given item of Equipment will mature upon the first to occur of the following: (i) the 360th day after the Invoice Date of such item; or (ii) the 10th day after the day on which such given item of Equipment is sold by a Dealer or lost, destroyed, abandoned or otherwise disposed of for any reason. Dealers’ payments to CDF will be handled through CDF’s Customer Account Link. CDF will apply Advance payments to the oldest (earliest) Invoice for Equipment financed or refinaced by CDF, provided, however, that, notwithstanding the foregoing, absent a Default or an Unmatured Default, CDF will comply with any payment instructions from Dealers with respect to the pay off of a specific item of Equipment. Any third party discount, rebate, bonus or credit granted to Dealers for any Equipment will not reduce the Loan Balance until CDF has received payment therefor in cash. Dealers will: (i) pay CDF even if any Equipment is defective or fails to conform to any warranties extended by any third party; (ii) not assert against CDF any claim or defense Dealers have against any third party; and (iii) indemnify and hold CDF harmless against all claims and defenses asserted by any buyer of the Equipment relating to the condition of, or any representations regarding, any of the Equipment. Dealers waive all rights of offset which Dealers may have against CDF. Any payment hereunder which would otherwise be due on a day which is not a Business Day, shall be due on the next succeeding Business Day, with such extension of time included in any calculation of applicable finance charges.

Payments; Maturity