Examples of Revolving Maturity Date in a sentence
Such fee shall be: (i) due and payable in quarterly installments in arrears on the first Business Day of each calendar quarter for the preceding calendar quarter, commencing on the first such date to occur after the issuance of any Letter of Credit, on the Revolving Maturity Date, and thereafter (if applicable) on demand; and (ii) computed quarterly in arrears.
The Borrower may, by written notice to the Administrative Agent from time to time, request an extension (each, xxx “Revolving Extension”) of the Revolving Maturity Date to the extended maturity date specified in such notice.
Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Maturity Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.
Each such extension shall be evidenced by delivery of written confirmation of the same by Administrative Agent to Borrower on or before the date that is thirty (30) days prior to the applicable Stated Revolving Maturity Date then in effect, provided Borrower must satisfy the terms of subsection (x) and (y) above as of the then applicable Stated Revolving Maturity Date then in effect.
Accrued and unpaid interest (i) on the Obligations shall be due and payable in arrears on each Interest Payment Date and on the Revolving Maturity Date, and (ii) on any payment obligation of the Borrower hereunder on which the Borrower is in default shall be due and payable at any time and from time to time following the expiration of any cure period applicable to such default upon demand by Administrative Agent.