Term Loans Maturity Date definition
Examples of Term Loans Maturity Date in a sentence
The creation and maturity date of each Bankers' Acceptance shall be a Business Day and no Bankers' Acceptance shall have a maturity date later than the Revolving Loans Maturity Date or Term Loans Maturity Date, as the case may be.
On the Term Loans Maturity Date, the outstanding principal balance, and all accrued and unpaid interest under the Term Loans shall be due and payable in full.
In addition, the Borrowers shall pay to the Administrative Agent for the account of each Term Loans Lender all outstanding principal of the Term Loans (and all outstanding principal of the Term Loans shall be due and payable) on the Term Loans Maturity Date for such Term Loan.
The Borrowers shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the Delayed Draw Term Loans Maturity Date, the then outstanding Delayed Draw Term Loans.
Such interest shall be payable monthly in arrears on the first day of each calendar month and on the Term Loans Maturity Date, and shall be computed on the daily unpaid balance of each Term Loan, based on a three hundred sixty (360) day year, counting the actual number of days elapsed.