Examples of First Extension Maturity Date in a sentence
In the event that the Company exercises its second extension option to extend the First Extension Maturity Date by an additional ninety (90) day period (the “Second Extension Option”), the interest rate shall increase to eleven and one-half percent (11.5%) per annum on the unpaid principal on this Secured Note beginning on the First Extension Maturity Date.
The Company may exercise the Second Extension Option by providing the Payee with written notice of such exercise fifteen (15) days prior to the First Extension Maturity Date.
Subject to the provisions of this Section 2.3.2, Borrower shall have the one-time option (the “First Extension Option”) to extend the Maturity Date until the First Extension Maturity Date.
Each Extension Option may be exercised by the Company by delivery of a notice to the Holders on or prior to the date that is forty five (45) days prior to the Initial Maturity Date or the First Extension Maturity Date, as applicable, together with a payment in an amount equal to one and a half percent (1.50%) of the outstanding principal amount of the Notes as of the date of such notice (each, an Extension Fee) paid together with the delivery of such notice.
Each Extension Option may be exercised by the Company by delivery of a notice to the Holders on or prior to the date that is forty five (45) days prior to the Initial Maturity Date, the First Extension Maturity Date or the FirstSecond Extension Maturity Date, as applicable, together with a payment in an amount equal to one and a half percent (1.50%) of the outstanding principal amount of the Notes as of the date of such notice (each, an “Extension Fee”) paid together with the delivery of such notice.