Term and Maturity Date Clause Samples

Term and Maturity Date. A CD is a deposit account for a specified period of time. The term of the CD begins on the date you deposit the funds and ends on the maturity date, which is the last day of the period for which you have agreed to leave the money on deposit. If the maturity date falls on a Saturday, Sunday, or holiday, the next business day becomes the maturity date. The Bank will mail you a maturity notice 30 days prior to the maturity date of your CD. (No notice will be provided for any CD that has a term that is less than 30 days.) After termination of your CD and you choose not to renew your CD, we will pay your deposit to you by check or transfer the funds to another account at the Bank. If your entire deposit to the CD was by wire transfer, at your written request, we will pay the funds to you by wire transfer.
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Term and Maturity Date. The term of your CD is the length of time you have agreed to leave your money on deposit. The term begins on the date you deposit the funds and ends on the maturity date stated. If the maturity date falls on a Saturday, Sunday, or holiday, the next business day becomes the maturity date. The Bank will mail you a maturity notice 30 days prior to the maturity date of your CD. After termination of your CD, we will pay your deposit to you by check or transfer the funds to another account at the Bank. If your entire deposit to the CD was by wire transfer, at your written request, we will transmit funds to you by wire transfer.
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Term and Maturity Date. Subject to Section 1.4 of this Agreement and the Note, the term of the Note shall be three hundred and sixty-four (364) days commencing from the Funding Date (as defined below), which term can be extended by mutual agreement of the Lender and the Company in writing (the “Term”). The Principal Amount and any accrued but unpaid interest shall become immediately due and payable when (i) the Term expires, or (ii) an Event of Default (as defined in the Note) occurs, whichever occurs earlier (the “Maturity Date”).
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Term and Maturity Date. The term of your CD is the length of time you have agreed to leave your money on deposit. The term begins on the date the funds deposited are collected and ends on the maturity date stated. If the maturity date falls on a Saturday, Sunday, or bank holiday, then the maturity date will be deemed to be the next banking day.
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Term and Maturity Date. 4.7.1 The First Series Debentures shall have a term of three (3) years, counted as of the Issue Date, maturing, therefore, on January 15, 2021 (“Maturity Date of the First Series Debentures”), except for the hypothesis of Optional Early Redemption, as defined below. 4.7.2 The Second Series Debentures shall have a term of four (4) years, counted as of the Issue Date, maturing, therefore, on September 10, 2021 (“Maturity Date of the Second Series Debentures”), and, together with the Maturity Date of the First Series Debentures, “Maturity Dates”), except for the hypothesis of Optional Early Redemption, as defined below.
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Term and Maturity Date. 4.6.1. The Debentures will have a term of 2,552 (two thousand five hundred and fifty-two) days, counted from the Issuance Date, maturing on November 11, 2030 ("Maturity Date"), except in cases of declaration of early maturity of the Debentures due to the occurrence of any of the Early Maturity Events, Optional Early Redemption, and adherence of the debenture holders to an Early Redemption Offer, under the terms of this Issuance Deed.
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Term and Maturity Date. The date of the Loan Documents is for reference purposes only. The effective date of the closing of the Loan and Borrower’s and Lender’s obligations under the Loan Documents shall be the date the disbursement of the Loan proceeds is made to a bank account maintained by the Title Company (“Loan Closing”). The term of the Loan (the “Loan Term” or the “term of the Loan”) shall commence on the date of the Loan Closing and shall expire upon repayment in full of the Indebtedness. The entire Outstanding Principal Balance, all accrued and unpaid interest, and all other Indebtedness shall be due and payable on the Maturity Date.
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Term and Maturity Date. The term of the Note and Loan is hereby extended for a term of ninety (90) days until September 25, 2025 (the "Maturity Date") when of all remaining principal and accrued interest and all other sums owing under the Note and Loan shall be due and payable in full.
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Related to Term and Maturity Date

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Extension of Maturity Date (a) On any anniversary of the Closing Date prior to the Maturity Date, the Borrowers may request to extend the then-applicable Maturity Date (the “Existing Maturity Date”) for an additional one-year period (an “Extension Period”) to the date that is one year after the Existing Maturity Date (the “Requested Maturity Date”); provided that the Borrowers may extend the Maturity Date for a maximum two (2) such Extension Periods. The Borrowers may make such request in a notice given as herein provided and substantially in the form attached hereto as Exhibit 2.8(a) (the “Extension of Maturity Date Request”) to the Administrative Agent not less than 30 days and not more than 90 days prior to any anniversary of the Closing Date, so long as (i) each of the representations and warranties contained in Section 7 and in the other Credit Documents shall be true and correct in all material respects on and as of the date of such notice and as of the commencement date of the relevant Extension Period as if made on and as of each date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date) and (ii) no Default or Event of Default shall have occurred and be continuing on the date of such notice and as of the commencement date of the relevant Extension Period. Each Lender, acting in its sole discretion, shall, not later than a date 30 days after its receipt of any such notice from the Administrative Agent, notify the Borrowers and the Administrative Agent in writing of its election to extend or not to extend the Existing Maturity Date with respect to its Commitment. Any Lender which shall not timely notify the Borrowers and the Administrative Agent of its election to extend the Existing Maturity Date shall be deemed not to have elected to extend the Existing Maturity Date with respect to its Commitment (any Lender who timely notifies the Borrowers and the Administrative Agent of an election not to extend or fails to timely notify the Borrowers and the Administrative Agent of its election being referred to as a “Terminating Lender” and all such Lenders, collectively, the “Terminating Lenders”). The election of any Lender to agree to a requested extension shall not obligate any other Lender to agree to such requested extension. (b) If and only if (i) one or more Lenders shall have agreed in writing during the 30 day period referred to in Section 2.8(a) to extend the Existing Maturity Date and (ii) the Borrowers shall have submitted to the Administrative Agent, on the commencement date of the relevant Extension Period, a certificate of the Borrowers, substantially in the form of Exhibit 2.8(b) (the “Extension of Maturity Date Certificate”), stating that (x) the representations and warranties made by each Borrower in or pursuant to the Credit Documents are true and correct in all material respects on and as of the date thereof (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date) and (y) no Default or Event of Default by each Borrower has occurred and is continuing, then (A) the Commitments of the Lenders other than Terminating Lenders (the “Continuing Lenders”, each a “Continuing Lender”) shall, subject to the other provisions of this Credit Agreement, be extended to the Requested Maturity Date specified in the Extension of Maturity Date Request from the Borrowers, and as to such Lenders the term “Maturity Date”, as used herein, shall on and after the date as of which the requested extension is effective mean such Requested Maturity Date, provided that if such date is not a Business Day, then such Requested Maturity Date shall be the next succeeding Business Day and (B) the Commitments and L/C Commitment share (if applicable) of the Terminating Lenders shall continue until the Existing Maturity Date and shall then terminate, and as to the Terminating Lenders, the term “Maturity Date”, as used herein, shall continue to mean the Existing Maturity Date. The Administrative Agent shall promptly notify (x) the Lenders of any Extension of Maturity Date Request, (y) the Lenders and the Borrowers of any extension of the Existing Maturity Date pursuant to this Section 2.8 and (z) the Borrowers and the Lenders of any Lender which becomes a Terminating Lender. (c) In the event that the Maturity Date shall have been extended for the Continuing Lenders in accordance with paragraph 2.8(b) above and, in connection with such extension, there are Terminating Lenders, the Borrowers may, at their own expense and in their sole discretion and prior to the Existing Maturity Date, require any Terminating Lender to transfer and assign its interests, rights and obligations under this Credit Agreement in accordance with Section 4.5 to an Eligible Assignee that shall assume such assigned obligations and that shall agree that its Commitment will expire on the Maturity Date in effect for Continuing Lenders; provided, however, that the Borrowers shall have given written notice to the Administrative Agent in the case of an assignee that is not a Lender. Any such Eligible Assignee’s initial Maturity Date shall be the Maturity Date in effect for the Continuing Lenders at the time of such assignment. The Borrowers shall not be permitted to require a Lender to assign any part of its interests, rights and obligations under this Credit Agreement pursuant to this Section 2.8(c) unless the Borrowers have notified such Lender of their intention to require the assignment thereof at least ten days prior to the proposed assignment date. Any Eligible Assignee which becomes a Lender as a result of such an assignment made pursuant to this Section 2.8(c) shall be deemed to have consented to the applicable Extension of Maturity Date Request and, therefore, shall not be a Terminating Lender. (d) Revolving Loans or L/C Obligations owing to any Terminating Lender on the Existing Maturity Date with respect to such Terminating Lender shall be repaid in full, with accrued interest and all other amounts then due and owing thereon, on the Existing Maturity Date with respect to such Terminating Lender.