Maturity Date of Advances Clause Samples

The 'Maturity Date of Advances' clause defines the specific date on which borrowed funds or advances must be fully repaid by the borrower to the lender. In practice, this clause sets a clear deadline for repayment, which may be a fixed calendar date or determined by a formula outlined in the agreement. By establishing a definite endpoint for the loan or advance, this clause ensures both parties are aware of their obligations and helps prevent disputes over repayment timing.
Maturity Date of Advances. If not sooner paid, the principal amount of each Advance and all unpaid interest that has accrued thereon, shall be due and payable 60 months after the applicable Advance is made. All payments shall be made through, at the discretion of Borrower, (a) Borrower’s provision of services to Lender, at fair market rates, (b) Borrower’s payment of operating expenses on behalf of Lender, or (c) in lawful money of the United States of America and in immediately available funds.
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Maturity Date of Advances. Each Advance by way of Bankers' Acceptance, Canadian Eurodollar Loan or LIBOR Based Loan shall have a Maturity Date which: (a) expires on or prior to the Termination Date; and (b) shall enable the Borrower to make the Scheduled Reductions as the same become due.
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Maturity Date of Advances 
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Related to Maturity Date of Advances

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Amount of Borrowing Tranche Each Borrowing Tranche of Loans under the LIBOR Rate Option shall be in integral multiples of $500,000 and not less than $1,000,000; and

  • Prepayment of Advances No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.