Maturity Date or Maturity definition

Maturity Date or Maturity means the date which falls on the third (3rd) anniversary of the Commencement Date; if that date does not fall on a Business Day, it shall be the following Business Day;
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Examples of Maturity Date or Maturity in a sentence

  • The Bank shall have the discretion to restrict the term or maturity dates of B/As. In no event shall the term of the B/A exceed the Contractual Term Maturity Date or Maturity Date, as applicable.

  • The Loan shall mature, and the Principal Amount together with all accrued interest thereon shall be due and payable three years subsequent to the occurrence of the Closing Date (the "Maturity Date" or "Maturity").

  • Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Maturity Date or Maturity Date, as applicable).

  • The Borrower may terminate the Credit Facility at any time if it (i) gives the Lender at least 30 days’ prior written notice and (ii) pays the Lender any prepayment fees due in accordance with Section 2.5(b) incurred as a result of prepaying the Advance prior to the Initial Maturity Date or Maturity Date of the Revolving Note for such advance.

  • Such Loan is to be evidenced by the Note in the format of Exhibit 2.1 attached hereto and shall have a term commencing on December 7, 2009 (the “Issuance Date”) and terminating on May 10, 2010 (the "Maturity Date" or "Maturity").

  • Such Loan is to be evidenced by a Promissory Note in the format of Exhibit 2.1 attached hereto and shall have a term commencing on the date hereof and terminating on December 30, 2005, (the "Maturity Date" or "Maturity").