Examples of Second Maturity Date in a sentence
The Delayed Draw Term Note Options will expire and be terminated upon the earliest of (x) the date the Borrower provides written notice to the Administrative Agent that it is terminating all and not less than all, of the Delayed Draw Term Note Options, (y) the Delayed Draw Term Notes First Maturity Date and (z) the Delayed Draw Term Notes Second Maturity Date (the earliest of clauses (x), (y) and (z) the “Delayed Draw Term Note Termination Date”).
The minimum advance under the terms of the facility is $500,000 and may be repaid at any time prior to the Second Maturity Date.
The Borrower shall pay the 50% of the aggregate principal amount of the Notes on the First Maturity Date, and the remaining principal amount of the Notes on the Second Maturity Date.
The Company is required to pay any interest due quarterly in arrears beginning April 1, 2015 and any unpaid interest and drawn principal is due and payable in full on January 1, 2020 ("Second Maturity Date").
The remaining principal amount of $750,000 with interest computed at the rate of two percent (2%) per annum based on the actual number of days that the remaining principal amount remains outstanding to and including the Initial Maturity Date and at the rate of seven and one-half percent (7.5%) per annum based on the actual number of days that the remaining principal amount remains outstanding subsequent to the Initial Maturity Date shall be paid in full on April 1, 1999 (the "Second Maturity Date").