Initial Stated Maturity Date definition
Examples of Initial Stated Maturity Date in a sentence
The effectiveness of either the Initial Stated Maturity Date Extension or the Second Stated Maturity Date Extension shall be conditioned upon the payment of the applicable Extension Fee to the Administrative Agent for the Administrative Agent’s own account, in immediately available funds.
Subject to the provisions of this Section 2.7, Borrower shall have the option (the “First Extension Option”), by written notice (the “First Extension Notice”) delivered to Lender no later than thirty (30) days prior to the Initial Stated Maturity Date, to extend the Maturity Date to May 1, 2017 (the “First Extended Maturity Date”, and such extended term, the “First Extended Term”).
Following such Initial State Maturity Date Extension, the Borrower may, at any time thereafter, make a request to the Administrative Agent and the Lenders to extend the date set forth in the definition of “Stated Maturity Date” (as revised by the Initial Stated Maturity Date Extension) for an additional period of one year (such extension, the “Second Stated Maturity Date Extension”).
Subject to the provisions of this Section 2.7, Borrower shall have the option (the “First Extension Option”), by written notice (the “First Extension Notice”) delivered to Lender no later than ten (10) days prior to the Initial Stated Maturity Date, to extend the Maturity Date to November 7, 2022 (the “First Extended Maturity Date”, and such extended term, the “First Extended Term”).
If on any Election Date a Holder does not make an election to extend the maturity date of all or any portion of the principal amount of this Note, the principal amount of this Note for which such election was not made shall become due and payable on the Initial Stated Maturity Date or any Subsequent Stated Maturity Date (as defined herein), if applicable, to which the maturity date of such principal amount shall have previously been extended.
Subject to the provisions of this Section 2.7, Borrower shall have the option (the “First Extension Option”), by written notice (the “First Extension Notice”) delivered to Lender no later than ten (10) days prior to the Initial Stated Maturity Date, to extend the Maturity Date to May 1, 2020 (the “First Extended Maturity Date”, and such extended term, the “First Extended Term”).
Following the expiration of the Initial Prepayment Premium Period and prior to the Initial Stated Maturity Date and if the Extension Option is exercised pursuant to Section 2.3(3), following the expiration of the Extension Prepayment Premium Period, upon not less than thirty (30) days' prior written notice to Lender, Borrower may prepay the Loan, in whole but not in part, upon payment of any and all accrued and unpaid interest and any other amounts due and owing under the Loan Documents.
Subject to the provisions of this Section 2.7, Borrower shall have the option (the “First Extension Option”), by written notice (the “First Extension Notice”) delivered to Lender no later than ten (10) days prior to the Initial Stated Maturity Date, to extend the Maturity Date to May 1, 2022 (the “First Extended Maturity Date”, and such extended term, the “First Extended Term”).
If on any Election Date a Holder does not make an election to extend the maturity date of all or any portion of the principal amount of this Note, the principal amount of this Note for which such election was not made shall become due and payable on the Initial Stated Maturity Date or any Subsequent Stated Maturity Date (as defined below), if applicable, to which the maturity date of such principal amount shall have previously been extended.
If, with respect to any Election Date, the holder of this Note does not make an election to extend the maturity of all or a portion of the Principal Amount of this Note, the Principal Amount of this Note will become due and payable on the earlier of the Initial Stated Maturity Date or such later Corresponding Maturity Date related to the relevant Election Date on which this Note was not extended.