Common use of Maturity; Interest Clause in Contracts

Maturity; Interest. The Face Amount, together with accrued interest thereupon, shall become due and payable and shall be repaid in cash in a single installment at the Maturity Date; provided, that this Note may be prepaid in whole or in part at any time and from time-to-time upon three (3) prior business days’ written notice, without penalty.

Appears in 5 contracts

Sources: Promissory Note (Transportation & Logistics Systems, Inc.), Promissory Note (Transportation & Logistics Systems, Inc.), Promissory Note (Transportation & Logistics Systems, Inc.)