Equipment Line Maturity Date definition
Examples of Equipment Line Maturity Date in a sentence
Any Equipment Advances that are outstanding on the Equipment Advance Availability End Date shall be payable in thirty (30) equal monthly installments of principal, plus all accrued interest, beginning on July 1, 2013, and continuing on the same day of each month thereafter through the Equipment Line Maturity Date, at which time all amounts due in connection with Equipment Advances made under this Section 2.1(b) shall be immediately due and payable.
Subject to Section 5.2 and the other terms and conditions hereinafter set forth, the Lender has established the Equipment Line Facility, available in the discretion of the Lender to the Borrower from time to time during the period from the Closing Date up to but not including the Equipment Line Maturity Date, in an aggregate principal amount of $1,500,000, less the amount of Equipment Line Loans made under the Prior Agreement (the “Equipment Line Commitment”).
Bank agrees to make Advances to Company at any time and from time to time from the effective date hereof until the Equipment Line Maturity Date, not to exceed Five Million Dollars ($5,000,000) in aggregate principal amount.
No later than 120 days after the date of entry into force of this Agreement, and following approval by consensus of the members of the IPEF Clean Economy Committee, the Committee shall establish terms of reference, including procedures for its meetings and for decision-making under paragraph 5, as well as procedures and guidelines for the submissions of information described in Article 25.
Notwithstanding the foregoing, all unpaid principal and interest on each Equipment Advance shall be due on the applicable Equipment Line Maturity Date.