Repayment on the Maturity Date. a) The Borrower shall repay the Loan as well as any other Unpaid Sum without further notice on 01.12.2024 (the Maturity Date). b) If the Maturity Date does not fall on a Business Day, the payment shall be made on the preceding Business Day. c) All payments under this Agreement shall first be applied towards payment of any reasonable and necessary enforcement costs incurred by the Issuer, then towards payment of accrued interest and finally towards payment of the Loan.
Appears in 2 contracts
Sources: Loan Agreement (Safe & Green Development Corp), Loan Agreement (Safe & Green Holdings Corp.)