Examples of Revolving Maturity Date in a sentence
All Advances under this Section shall be immediately due and payable on the earlier of (i) ninety (90) days after such Advance is made, or (ii) the Revolving Maturity Date, together with any accrued but unpaid interest.
If granted by Bank, (i) Bank shall provide Borrower with notice of its consent to a Rollover Request, substantially in the form of Exhibit E, attached hereto (an “Extension Notice”), in accordance with Section 10 and (ii) as of the date of such Extension Notice, all references to the Revolving Maturity Date in this Agreement shall be deemed to be references to the Extended Maturity Date.
On any Business Day occurring prior to the Revolving Maturity Date, a Responsible Officer may submit to Bank, on behalf of Borrower and according to Section 10, a written request (a “Rollover Request”) to extend the Revolving Maturity Date up to the first anniversary of the Revolving Maturity Date or, if such date is not a Business Day, the immediately preceding Business Day (such date, the “Extended Maturity Date”).
If Bank does not provide Borrower with an Extension Notice after receiving a Rollover Request on or prior to the Revolving Maturity Date, such Rollover Request shall be deemed to have been denied by Bank, the Revolving Maturity Date shall not be extended and Borrower shall not be permitted to submit any subsequent Rollover Requests.
Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section may be repaid and reborrowed at any time prior to the Revolving Maturity Date.