Common use of Principal and Interest; Maturity Date Clause in Contracts

Principal and Interest; Maturity Date. (a) The outstanding principal balance of all Loans (as defined below), together with any accrued but unpaid interest thereon not otherwise paid in accordance with the terms of this Note, shall be payable in full on the date (the “Maturity Date”) which is the earlier to occur of: (a) Borrower’s receipt of a Notice of Default (as defined below) and (b) January 31, 2010.

Appears in 3 contracts

Samples: Subordination Agreement, Subordination Agreement (Metropark Usa Inc), Subordination Agreement (Metropark Usa Inc)

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Principal and Interest; Maturity Date. (a) The outstanding principal balance of all Loans (as defined below), together with any accrued but unpaid interest thereon not otherwise paid in accordance with the terms of this Note, shall all be payable in full on the date (the “Maturity Date”) which is the earlier to occur of: (a) Borrower’s receipt of a Notice of Default (as defined below) and (b) January 31, 2010.

Appears in 2 contracts

Samples: Subordination Agreement (Metropark Usa Inc), Subordination Agreement (Metropark Usa Inc)

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Principal and Interest; Maturity Date. (a) The outstanding principal balance of all Loans (as defined below), together with any accrued but unpaid interest thereon not otherwise paid in accordance with the terms of this Note, shall be payable in full on the date (the “Maturity Date) which is the earlier to occur of: (a) Borrower’s receipt of a Notice of Default (as defined below) and (b) January 31, 2010.

Appears in 1 contract

Samples: Subordination Agreement (Metropark Usa Inc)

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