Interest to Maturity Clause Samples

The 'Interest to Maturity' clause defines the obligation to pay interest on a principal amount until the maturity date of a loan or financial instrument. In practice, this means that interest accrues on the outstanding balance from the date the funds are advanced until the agreed-upon maturity date, regardless of any interim payments or events. This clause ensures that the lender is compensated for the use of their funds over the entire term, providing clarity on how interest is calculated and preventing disputes over interest obligations before the loan matures.
Interest to Maturity. The outstanding principal balance of the Revolving Loans (other than Overdraft Loans and Over Advances) shall bear interest to maturity at the Reference Rate in effect from time to time plus one and one-half percent (1.5%) per annum.
View SourceView Similar (7)
Interest to Maturity. The unpaid principal balance of the Revolving Loans (other than Overdraft Loans and Over Advances) shall bear interest to maturity at a per annum rate equal to the Reference Rate in effect from time to time plus 1.50%.
View SourceView Similar (5)
Interest to Maturity. The unpaid principal balance of the Revolving Loans (other than BA Availments, Overdraft Loans and Over Advances) shall bear interest to maturity at the applicable per annum rate set forth below: (i) Revolving Loans made to PAAC shall bear interest at a per annum rate equal to (A) the Reference Rate plus the Applicable Margin or (B) at PAAC's option as set forth in Section 2.5.1(b) below, the LIBO Rate plus the Applicable Margin. (ii) Canadian Dollar Loans (other than BA Availments) made to PCI Canada shall bear interest at a per annum rate equal to the Canadian Prime Rate plus the Applicable Margin. (iii) U.S. Dollar Loans made to PCI Canada shall bear interest at a per annum rate equal to (A) the Adjusted Reference Rate plus the Applicable Margin, or (B) at PCI Canada's option as set forth in Section 2.5.1(b) below, the LIBO Rate plus the Applicable Margin. Amounts payable in respect of BA Availments shall be paid as set forth in Section 2.3.
View Source
Interest to Maturity. Unless Borrower elects to have a portion of the Revolving Loans bear interest at the IBOR Rate, each Revolving Loan shall be deemed to be a Base Rate Loan and the unpaid principal amount thereof shall bear interest until maturity at a per annum rate equal to the Base Rate.
View Source
Interest to Maturity. The unpaid principal balance of the Revolving Loans shall bear interest to maturity at the Reference Rate in effect from time to time plus the Margin (defined below). When used in this Section 3.1(a), "Margin" means (i) until September 30, 1995, one and one quarter percent (1.25%) per annum, (ii) from and after September 30, 1995, unless clause (iii) below shall be applicable, one percent (1%) per annum and (iii) after Borrower delivers to Lender the audited financial statements described in Section 5.1.1
View Source
Interest to Maturity. The unpaid principal balance of the Loans shall bear interest to maturity at 11% per annum.
View Source
Interest to Maturity. Unless Borrower elects to have a portion of the Loans bear interest at the LIBOR Rate, each Loan shall be deemed to be a Floating Rate Loan and the unpaid principal amount thereof (other than Overdraft Loans and Over Advances) shall bear interest until maturity at a per annum rate equal to the Floating Rate.
View Source
Interest to Maturity. Unless Borrower elects to have a portion of the Loans bear interest at the LIBOR Rate, each Loan shall be deemed to be a Floating Rate Loan and the unpaid principal amount thereof (other than Overdraft Loans and Over Advances) shall bear interest until maturity at a per annum rate equal to the Floating Rate.
View Source

Related to Interest to Maturity

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Original Terms to Maturity The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years.

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Constant Maturity Swap Rate Notes If the Interest Rate Basis is the Constant Maturity Swap Rate, this Note shall be deemed a “Constant Maturity Swap Rate Note.” Unless otherwise specified on the face hereof, “Constant Maturity Swap Rate” means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Maturity As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.