Initial Maturity Date Clause Samples
The Initial Maturity Date clause defines the specific date on which a financial instrument, such as a loan or bond, is originally scheduled to mature and become due for repayment. This clause sets the timeline for when the principal amount must be repaid, and interest payments typically cease. For example, a loan agreement may specify an initial maturity date five years from the date of issuance. The core function of this clause is to provide certainty and structure to the repayment schedule, ensuring both parties are clear on when obligations must be fulfilled.
Initial Maturity Date. Subject to extension pursuant to the terms and conditions set forth in clause (b) of this Section 2.14 and subject to the provisions of clause (c) of this Section 2.14, the Borrower shall, on January 15, 2022 (the “Initial Maturity Date”), cause (i) the Obligations under the Revolving Credit Facility (including, without limitation, all outstanding principal and interest on the Revolving Credit Loans and Swing Line Loans) and (ii) all fees, costs and expenses due and owing under the Loan Documents to be Fully Satisfied.
Initial Maturity Date. Subject to extension pursuant to the terms and conditions set forth in clause (b) of this Section 2.15 and subject to the provisions of clause (c) of this Section 2.15, the Maturity Date shall be the Initial Maturity Date.
Initial Maturity Date. The term of the Loans shall terminate and expire on the Initial Maturity Date, unless extended by Borrower pursuant to clause (b) below.
Initial Maturity Date. On the Initial Maturity Date, and subject to the Maturity Extension Option (as defined below), the Company shall pay to the Holder all principal of and interest (and other amounts) accrued on this Note (collectively, the “Obligations”) either (i) in cash or (ii) to the extent permitted through an Exchange in accordance with Section 2(c) below.
Initial Maturity Date. All references in the Loan Documents to “Initial Maturity Date” shall mean May 1, 2008.
Initial Maturity Date. The Borrowers, jointly and severally, agree to repay to the Administrative Agent for the ratable account of the Lenders the aggregate outstanding principal amount of the Bridge Loans on the earlier of (x) one year following the initial funding date of the Bridge Loans and (y) the closing date of the issuance after the date hereof by BMCA of any debt or equity securities in a capital markets transaction (the “Initial Maturity Date”).
Initial Maturity Date. The term (the “Term”) of the Commitments (and each Bank’s obligations to make Loans) shall terminate and expire on the Maturity Date. Upon the date of the termination of the Term, any Loans then outstanding (together with accrued interest thereon and all other Obligations other than with respect to Letters of Credit) shall be due and payable on such date.
Initial Maturity Date. September 16, 2016
Initial Maturity Date. Unless earlier accelerated pursuant to the terms of this Note or any of the other Loan Documents, and subject to the provisions of Sections 6.2 and 6.3 below, the entire unpaid Principal and Interest and all other unpaid sums due and owing from Borrowers to Lender under this Note or any other Loan Document shall be due and payable in full on March 5, 2003, which date shall be the Maturity Date.
Initial Maturity Date. December 1, 2017.