Common use of OPTION DATE Clause in Contracts

OPTION DATE. The aggregate outstanding amount of the Advances shall be due and payable in full on the Option Date, provided that, notwithstanding the foregoing, on the Option Date if Company and Lenders have agreed to an Extension Option in accordance with the terms of SECTION 2.14 hereof, then the Loan shall be due and payable in full on the Final Maturity. Any portion of the Loan not extended in accordance with the terms of SECTION 2.14(A) hereof shall be due and payable on the Option Date.

OPTION DATE. The aggregate outstanding amount of the Advances shall be due and payable in full on the Option Date, provided that, notwithstanding the foregoing, on the Option Date if Company and Lenders have agreed to an Extension Option in accordance with the terms of SECTION 2.14 2.15 hereof, then the Loan shall be due and payable in full on the Final Maturity. Any portion of the Loan not extended in accordance with the terms of SECTION 2.14(A2.15(A) hereof shall be due and payable on the Option Date.