Examples of Term Maturity Date in a sentence
Subject to satisfaction by the Borrower of the conditions precedent as provided in the Loan Agreement, the “Construction Term" shall mean the period of time from the date of this Note until up to twenty (24) months after such date (the "Construction Term Maturity Date").
To the extent not previously paid, all Term Loans shall be due and payable on the Term Maturity Date.
Notwithstanding anything herein to the contrary, if the Borrower fails to satisfy the condition precedent as provided in Section 5.1 of the Loan Agreement, then the Construction Term Maturity Date shall be twenty (24) months from the date of this Note.
One final installment of the outstanding unpaid principal balance and accrued interest shall be payable on the Term Maturity Date.
This Agreement shall become effective on the Closing Date and, subject to Section 12.7, shall continue in full force and effect for a term ending on the Term Maturity Date.