Repurchase on Maturity Date Clause Samples
The 'Repurchase on Maturity Date' clause requires one party, typically the original seller in a repurchase agreement, to buy back the underlying asset from the buyer at the end of the agreed term, known as the maturity date. In practice, this means that after a set period—such as overnight or several days—the seller must repurchase the securities or assets at a predetermined price, often including interest or a fee. This clause ensures that the transaction is temporary and provides certainty to both parties regarding the timing and terms of the asset's return, thereby managing liquidity and credit risk.
Repurchase on Maturity Date. Unless previously repurchased or surrendered and converted, the Company shall, without any action on the part of the Holder, redeem this Note in whole on the Maturity Date at a price (the “Maturity Repurchase Price”) equal to (A) the outstanding principal amount, plus (B) a premium which shall be equal to 2.0% of the outstanding principal amount, and plus (C) all other amounts due and payable on or in respect of the Note (including any accrued and unpaid interest on the Defaulted Amounts), if any.
Repurchase on Maturity Date. Unless previously redeemed or surrendered and converted, the Company shall redeem this Note in whole on the Maturity Date at a price equal to (i) the outstanding principal amount, plus (ii) accrued and unpaid interest thereon (including any accrued and unpaid interest on the Defaulted Amounts, if any), and plus (iii) an additional amount that shall, together with any interest accrued on the Note payable to the Holder, provide the Holder an Internal Rate of Return of 8.0% on such principal amount over the period starting from (and including) the date of the Issue Date and ending on (and including) the Maturity Date (the “Maturity Repurchase Price”).
Repurchase on Maturity Date. Unless previously redeemed or surrendered and cancelled, the Issuer shall redeem this Note in whole on the Maturity Date at a price equal to (i) the outstanding principal amount, plus (ii) accrued and unpaid interest thereon (including any accrued and unpaid interest on the Defaulted Amounts, if any).