Common use of Payment on Maturity Clause in Contracts

Payment on Maturity. On the Termination Date or any accelerated maturity of the Loans, the Company will pay to you an amount equal to the entire outstanding principal amount of the Loans, together with all accrued and unpaid interest with respect thereto and, upon any accelerated maturity of the Loans, any other Loan Obligations then outstanding. The "Termination Date" shall be the earlier of (i) August 31, 2001, (ii) the date occurring on the four year anniversary of the Initial Closing Date, or (iii) the "Termination Date" under and as defined in the Lender's Credit Agreement.

Appears in 7 contracts

Sources: Loan Agreement (Enstar Income Program 1984-1 Lp), Loan Agreement (Enstar Income Program Iv-2 Lp), Loan Agreement (Enstar Income Growth Program Five-a Lp)