Final Interest Payment Date definition
Examples of Final Interest Payment Date in a sentence
Provided that no Event of Default shall have occurred and be continuing, at least three (3) Eurodollar Business Days prior to the Final Interest Payment Date of each Eurodollar Advance, Borrower may give to Bank written notice that all or any portion of such Eurodollar Advance shall continue as a Eurodollar Advance upon the expiration of the then-current Interest Period (the "ROLLOVER NOTICE").
Unless Bank shall have actually received written notice from Borrower requesting otherwise, delivered in accordance with SECTION 2.6(C) below, at least three (3) Eurodollar Business Days prior to the Final Interest Payment Date with respect to a Eurodollar Advance, then on such Final Interest Payment Date the outstanding Eurodollar Advance shall be converted to a Prime Rate Advance.
The maturity date shall be the Final Interest Payment Date, on which interest shall be repaid with principal.
Unless Bank shall have actually received written notice from Borrower requesting otherwise, delivered in accordance with SECTION 2.6(c) below, at least three (3) Eurodollar Business Days prior to the Final Interest Payment Date with respect to a Eurodollar Advance, then on such Final Interest Payment Date the outstanding Eurodollar Advance shall be converted to a Prime Rate Advance.