Repayment; Maturity Clause Samples

Repayment; Maturity. The Pool Two Term Loans will be paid as follows, with the monthly principal and interest installments with principal installments calculated on a twenty (20) year amortization schedule: (a). The ▇▇▇▇▇▇▇ Courtyard Pool Two Term Loan will be payable in equal monthly installments of principal and interest in the amount of $60,052.00 plus accrued and unpaid interest commencing on September 1, 2010 and continuing on the first day of each month thereafter until July 1, 2013, when the outstanding principal balance, together with accrued and unpaid interest, will be due and payable in full. (b). The Germantown Courtyard Pool Two Term Loan will be payable in equal monthly installments of principal and interest in the amount of $45,813.00 plus accrued and unpaid interest commencing on September 1, 2010 and continuing on the first day of each month thereafter until July 1, 2013, when the outstanding principal balance, together with accrued and unpaid interest, will be due and payable in full. (c). The Hyatt Place Pool Two Term Loan will be payable in equal monthly installments of principal and interest in the amount of $46,072.00 plus accrued and unpaid interest commencing on September 1, 2010 and continuing on the first day of each month thereafter until February 1, 2014, when the outstanding principal balance, together with accrued and unpaid interest, will be due and payable in full. All payments due on the Pool Two Term Loans under this Agreement and the other Loan Documents shall be made in immediately available funds to the Agent at its office described in the notice provision of this Agreement unless the Agent gives notice to the contrary. Payments so received at or before 1:00 p.m. Omaha, Nebraska time on any Business Day shall be deemed to have been received by the Agent on that Business Day. Payments received after 1:00 p.m. Omaha, Nebraska time on any Business Day shall be deemed to have been received on the next Business Day, and interest, if payable in respect of such payment, shall accrue thereon until such next Business Day. Agent will remit to each Lender its Percentage of all payments of principal and interest on the Pool Two Term Loans received by Agent no later than the next Business Day after the Agent is deemed to have received such payment.

Repayment; Maturity. The Loan will mature on April 15, 2018 (“Maturity Date”). On the Maturity Date, the total unpaid principal and all accrued, unpaid interest will be due and payable to the Lender, without deduction or offset, other than for prepayments and conversions of principal and interest amounts as provided in this Agreement.

Repayment; Maturity. 3.1. Interest on the outstanding principal balance hereof shall accrue from the date hereof and shall be due and payable in arrears on the first business day of each month, commencing on the first such day of the month next commencing after the date hereof. 3.2. The entire unpaid principal amount hereof, together with all accrued but unpaid Interest thereon and all other amounts payable hereunder or under any of the Loan Documents shall be due and payable on the earlier to occur of the following: (a) the date on which the Mortgaged Premises is sold or transferred by Maker to any third party and (b) _________________ ________________, (the "Maturity Date"), or such earlier date resulting from acceleration by Holder of the indebtedness evidenced by this Note in connection with any Event of Default (as defined below) or otherwise. The Maturity Date may be extended by up to ____ additional twelve (12) month periods pursuant to Section 8.15 of the Loan Agreement.

Repayment; Maturity. The Pool One Term Loans will be paid as follows, with the monthly principal and interest installments, with principal installments calculated on a twenty (20) year amortization schedule: (a). The Hyatt Place Pool One Term Loan will be payable in equal monthly installments of principal and interest in the amount of $46,088.45 plus accrued and unpaid interest commencing on September 1, 2010 and continuing on the first day of each month thereafter until July 31, 2011, when the outstanding principal balance, together with accrued and unpaid interest, will be due and payable in full.

Repayment; Maturity. The principal balance of the TERM LOAN will be payable in equal quarterly installments of $1,500,000, commencing on August 1, 2014, and continuing on each May 1, August 1, November 1 and February 1 thereafter until May 31, 2019 when the outstanding principal balance of the TERM LOAN, together with accrued and unpaid interest, will be due and payable in full. The quarterly principal payment on the TERM LOAN is calculated based upon a full amortization schedule. Each BANK with a TERM LOAN COMMITMENT will be entitled to its pro rata share of each principal and interest payment on the TERM LOAN in accordance with its Percentage of the TERM LOAN. 9. Effective as of the date of this Amendment, certain Banks will no longer be Banks under or parties to the Agreement and their respective Commitments are hereby terminated and reallocated among the remaining Banks party to this Amendment based upon the Commitments set out in Exhibit C attached to this Amendment and incorporated herein by reference. Exhibit C to the Loan Agreement is hereby deleted in its entirety and the Exhibit C attached to this Amendment is inserted in lieu thereof. To reflect the foregoing reallocation of the Commitments, on the date of this Amendment each remaining Bank shall pay to the Agent such sums as are necessary to reflect the proper allocation of the Loans after the reallocation of the Loans contemplated in this Amendment. In addition, Borrower will execute in favor of each remaining Bank with a Revolving Loan Commitment and deliver to Agent a First Amended and Restated Revolving Note in the maximum principal amount of each such remaining Bank’s Revolving Loan Commitment and Borrower will execute in favor of each remaining Bank with a Term Loan Commitment and deliver to Agent a First Amended and Restated Term Note in the maximum principal amount of each such remaining Bank’s Term Loan Commitment. 10. The definition of the term “Fixed Charge Coverage Ratio” in Section 1.21 of the Loan Agreement is hereby amended by adding the following at the end thereof: Notwithstanding the actual principal payments due on the Term Loan as provided for in this Agreement, for purposes of calculation of the Fixed Charge Coverage Ratio only, the scheduled quarterly principal payments on the Term Loan shall be deemed to be $1,375,000 resulting in an annual scheduled principal payment on the Term Loan of $5,500,000.

Repayment; Maturity. The principal balance of the TERM LOAN will be payable in equal quarterly installments of $1,375,000, commencing on February 1, 2012, and continuing on each May 1, August 1, November 1 and February 1 thereafter until October 31, 2016 when the outstanding principal balance of the TERM LOAN, together with accrued and unpaid interest, will be due and payable in full. The quarterly principal payment on the TERM LOAN is calculated based upon a ten (10) year amortization schedule. Each BANK with a TERM LOAN COMMITMENT will be entitled to its pro rata share of each principal and interest payment on the TERM LOAN in accordance with its Percentage of the TERM LOAN.

Repayment; Maturity. The Flagstaff Term Loan will be payable in equal monthly installments of principal and interest in the amount of $59,467.86 commencing on September 1, 2010 and continuing on the first day of each month thereafter until July 24, 2011, when the outstanding principal balance, together with accrued and unpaid interest, will be due and payable in full. The monthly principal installments are calculated on a twenty (20) year amortization schedule. All payments due on the Flagstaff Term Loan under this Agreement and the other Loan Documents shall be made in immediately available funds to the Agent at its office described in the notice provision of this Agreement unless the Agent gives notice to the contrary. Payments so received at or before 1:00 p.m. Omaha, Nebraska time on any Business Day shall be deemed to have been received by the Agent on that Business Day. Payments received after 1:00 p.m. Omaha, Nebraska time on any Business Day shall be deemed to have been received on the next Business Day, and interest, if payable in respect of such payment, shall accrue thereon until such next Business Day. Agent will remit to each Lender its Percentage of all payments of principal and interest on the Flagstaff Term Loan received by Agent no later than the next Business Day after the Agent is deemed to have received such payment.

Repayment; Maturity. No amount of the Loan may be reborrowed once any portion of the Loan is repaid. The Loan shall mature and shall be due and payable by the Borrower and the Co-Borrowers in full on the Maturity Date.

Repayment; Maturity. The Jacksonville Loan will be paid interest only on the first day of each month commencing on September 1, 2010 and continuing on the first day of each month thereafter until June 8, 2011, when the outstanding principal balance, together with accrued and unpaid interest, will be due and payable in full. All payments due on the Jacksonville Loan under this Agreement and the other Loan Documents shall be made in immediately available funds to the Agent at its office described in the notice provision of this Agreement unless the Agent gives notice to the contrary. Payments so received at or before 1:00 p.m. Omaha, Nebraska time on any Business Day shall be deemed to have been received by the Agent on that Business Day. Payments received after 1:00 p.m. Omaha, Nebraska time on any Business Day shall be deemed to have been received on the next Business Day, and interest, if payable in respect of such payment, shall accrue thereon until such next Business Day. Agent will remit to each First National all payments of principal and interest on the Jacksonville Loan received by Agent no later than the next Business Day after the Agent is deemed to have received such payment.