Common use of Initial Maturity Date Clause in Contracts

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”).