Common use of Note Maturity Clause in Contracts

Note Maturity. The Line of Credit shall be evidenced by a single promissory note (the "Note") in the form of Exhibit B attached hereto. The Note (a) shall be dated a date prior to the first Borrowing hereunder, (b) shall be payable to the order of the Lender, (c) shall bear interest as hereinafter provided and (d) shall mature (i) on the Closing Date (as defined in the Asset Purchase Agreement), (ii) sooner should the principal and accrued interest thereon be declared due and payable as provided for in Section 8.02, (iii) if a Conversion with respect to all of the Line of Credit shall occur in accordance with Section 2.08 hereof, on the Conversion Closing Date, or (iv) ninety (90) days after the termination of the Asset Purchase Agreement in accordance with its terms (either (i), (ii), (iii) or (iv) the "Maturity Date").