Examples of Advance Loan Maturity Date in a sentence
The Interest Rate on a Term Loan shall be a fixed rate determined on the date an Advance converts to a Term Loan and shall equal the Cost of Funds plus 1.65% for a Term Loan which matures on the 3rd anniversary of the Advance Loan Maturity Date or the Cost of Funds plus 1.85% for a Term Loan which matures on the 8th anniversary of the Advance Loan Maturity Date.
Each Term Loan shall be a fully amortizing loan in approximately equal installments of principal and interest and shall mature on the Term Loan Maturity Date specified in the Conversion Notice, which date shall be either the 3rd anniversary of the Advance Loan Maturity Date or the 8th anniversary of the Advance Loan Maturity Date.
On the Advance Loan Maturity Date, the entire unpaid principal balance of this note and all accrued and unpaid interest on the unpaid principal balance of this note shall be finally due and payable.
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The principal of the Advance Loans shall be due and payable on the Advance Loan Maturity Date.
Such interest shall be payable on the earlier of demand and the Advance Loan Maturity Date, and shall accrue until the earlier of (a) waiver or cure (to the satisfaction of Lender) of the applicable Event of Default, (b) agreement by Lender to rescind the charging of interest at the Default Rate, or (c) payment in full of the Obligations.
The unpaid principal and interest due on the Advance Note shall be due and payable on the Advance Loan Maturity Date unless earlier due in whole or in part pursuant to the mandatory prepayment provisions of Section 9(c) hereof.
Provided that (i) no Event of Default shall have occurred and be continuing and (ii) all representations and certifications and agreements herein are then true and correct, the Enterprise may elect to convert all or a portion of the outstanding Advances on or before the Advance Loan Maturity Date to one or more term loans, but not more than four term loans (each a “Term Loan”) that shall be payable in full by no later than the 8th anniversary of the Advance Loan Maturity Date.
The Commitment Fee shall be payable in arrears on the first Business Day of each calendar quarter beginning July 1, 1996 (with the payment due on July 1, 1996 to cover the period from the Effective Date until July 1, 1996), with the final fee payment due on the Advance Loan Maturity Date for any period then ending for which the Commitment Fee shall not have been theretofore paid.
Additionally, if the amount of the Advance Loans (plus all accrued but unpaid interest) is not paid in full on the Advance Loan Maturity Date, Borrower will be charged (subject to Section 9.11) a delinquency charge of (a) 5% of the sum of the outstanding principal balance (plus all accrued but unpaid interest), or (b) $250.00, whichever is less.