Current Maturity definition

Current Maturity. A This is the actual date when the last Date Date payment on the loan is scheduled to be made. For balloons it should be the balloon date. For modified loans it should be the modified maturity date.
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Current Maturity of Long Term Debt (CMLTD)" shall mean the current maturity of long term indebtedness paid during the applicable period, including, but not limited to, amounts required to be paid during such period under capital leases."
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Examples of Current Maturity in a sentence

  • No Lender shall be under any obligation or commitment to extend the Current Maturity Date.

  • All Loans of each Non-Consenting Lender shall be subject to the Current Maturity Date, without giving effect to such extension (such date, the “Prior Maturity Date”).

  • Current Maturity: Used to designate the remaining lifetime of an already outstanding bond.

  • Each Lender, acting in its sole discretion, shall, by notice to the Administrative Agent no later than thirty (30) days following the date such Extension Notice is delivered to the Administrative Agent (such date, the “Consent Date”), advise the Administrative Agent in writing of its desire to extend (any such Lender, a “Consenting Lender”) or not to so extend (any such Lender, a “Non-Consenting Lender”) the Current Maturity Date.

  • Each Lender, acting in its sole discretion, shall, by notice to the Administrative Agent no later than twenty (20) days following the date such Extension Notice is delivered to the Administrative Agent (such date, the “Consent Date”), advise the Administrative Agent in writing of its desire to extend (any such Lender, a “Consenting Lender”) or not to so extend (any such Lender, a “Non-Consenting Lender”) the Current Maturity Date.

  • In the event of an extension of the Current Maturity Date pursuant to this Section 2.8, the Borrowers shall have the right, at their own expense, to solicit commitments from existing Lenders and/or additional Eligible Assignees which meet the requirements set forth in Section 13.10(b) to replace the Revolving Credit Commitment of any Non-Consenting Lenders for the remaining duration of the Credit Facility.

  • The decision whether to accept or reject an Extension Request shall be made by each Lender in its sole discretion based on such information as it may deem necessary and no Lender shall have any obligation to agree to any extension of the then Current Maturity Date.

  • NIL e) GROSS DEBT EQUITY RATIO OF THE COMPANY*considering financials of H1 FY 2019-20 Debt means Long term Borrowings, Short Term Borrowings and Current Maturity of Long Term Borrowings Equity means Share Capital of company plus Reserves and Surplus. Debt/Equity Ratio after the proposed issue consider refinancing of debts from the proceeds of the issue.

  • In the event of an extension of the Current Maturity Date pursuant to this Section 2.8, the Borrower shall have the right, at their own expense, to solicit commitments from existing Lenders and/or additional Eligible Assignees which meet the requirements set forth in Section 13.10(b) to replace the Revolving Credit Commitment of any Non-Consenting Lenders for the remaining duration of the Credit Facility.

  • Borrower and Lender have now agreed, subject to the terms and conditions set forth herein, to extend the Current Maturity Date for an additional two years.

Related to Current Maturity

  • Current Maturities means the scheduled payments of principal on all indebtedness for borrowed money having an original term of more than one year (including but not limited to amortization of capitalized lease obligations), as shown on the Borrower’s Financial Statements as of one year prior to the date of determination.

  • Maximum Maturity means an obligation that has a remaining maturity of not greater than the period specified in the Standard (or if no such period is specified, thirty years);

  • Applicable Maturity means: (a) in relation to Screen Rate Determination, the period of time designated in the Reference Rate, and (b) in relation to ISDA Determination, the Designated Maturity.

  • Final Maturity has the meaning specified in Section 308.

  • Equipment Maturity Date is defined in Section 2.1.1.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Postponed Maturity Date means the tenth Business Day following the originally scheduled Maturity Date;

  • Scheduled Maturity Date means June 30, 2032.

  • Stated Maturity Date has the meaning specified in Section 2.1 hereof.

  • Latest Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to time.

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Class B Maturity Date means the January 2040 Distribution Date.

  • Stated Maturity when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.

  • Class C Maturity Date is defined in the Indenture.

  • Maturity when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Constant Maturity Swap Rate means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Accelerated Maturity Date means if the Company elects to accelerate the Maturity Date in accordance with Section 2.2(c), the date selected by the Company which is prior to the Scheduled Maturity Date, but is after March 31, 2002.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Expected Maturity Date means June 15, 2021.

  • Term B Maturity Date means January 31, 2025.

  • Legal Maturity Date means July 15, 2024.

  • Final Maturity Date means the date that (i) is one hundred eighty (180) days following the Scheduled Termination Date or (ii) such earlier date on which the Loans become due and payable pursuant to Section 9.01.