Sales at Stated Maturity Sample Clauses

The "Sales at Stated Maturity" clause defines the process by which an asset, security, or financial instrument is sold upon reaching its predetermined maturity date. Typically, this clause outlines that the asset will be automatically liquidated or transferred to a buyer at the end of its term, with proceeds distributed to the relevant parties, such as investors or beneficiaries. By specifying the terms and procedures for sale at maturity, this clause ensures a clear and predictable exit strategy, reducing uncertainty and administrative burden for all parties involved.