Upon Maturity Sample Clauses
The 'Upon Maturity' clause defines the actions and obligations that take effect when a financial instrument, loan, or contract reaches its maturity date. Typically, this clause specifies that the principal amount, along with any accrued interest or outstanding obligations, must be paid in full by the borrower or issuer to the lender or holder. For example, in a loan agreement, this clause would require the borrower to settle all remaining balances on the maturity date. Its core practical function is to ensure clarity and certainty regarding the final settlement of obligations, thereby preventing disputes about what is due when the contract term ends.
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Upon Maturity. For failure to pay any instalments or any payment due and that failure continues beyond the Maturity Date of the Financing Facility or upon judgment, whichever is earlier, the Late Payment Charges rate shall be the prevailing daily overnight Islamic Interbank Money Market (IIMM) rate on the outstanding balance due and payable or any other method approved by SAC BNM from time to time.
Upon Maturity. Upon the Maturity Date, the aggregate Conversion Amount still outstanding shall convert automatically in accordance with the terms hereof without the Holder needing to make an election but Ordinary Shares as if the Holder had made an election to convert immediately prior to the Maturity Date.
Upon Maturity. Unless previously redeemed or converted or purchased and cancelled as provided herein, the Company will redeem each Debenture on the Maturity Date at its principal amount outstanding together with any accrued but unpaid interest calculated up to and including the date of payment together with an amount that would enable the Debentureholder to yield in aggregate an internal rate of return ("IRR") of 12% per annum on the costs of its investment. For this purpose, the internal rate of return shall bear the same meaning as defined in Condition 11(C). Redemption upon maturity is mandatory and automatic without service of any notice. The Company can not redeem the Debentures in whole or in part at its option prior to the Maturity Date.
(A) Upon the occurrence of an Event of Default Upon the occurrence of an Event of Default, the Company shall redeem the whole of or part of the Debentures as shall be required by virtue by the Debentureholders in such manner as specified in Condition 11 below.
(B) Upon the occurrence of certain event of adjustment
(a) In the event that an adjustment arising by virtue of an event described in Condition 7(C)(g) occurs and such adjustment would result in (i) the number of Shares that would have been issued to the Funds in aggregate had Conversion immediately taken place or (ii) the number of Shares that would have been issued to any one of the Investors had Conversion immediately taken place to exceed 20% of the Deemed Total Issued Share Capital of SAI (including also for this purpose such number of Shares that would have been issued upon Conversion of all of the Debentures), that portion of the Debenture(s) representing the excess of such Shares over such 20% ("THE EXCESS") (as defined below) shall, at the option of the relevant Debentureholder, be redeemed by the Company at its principal amount outstanding together with any accrued but unpaid interest calculated up to and including the date of payment together with an amount that would enable the Debentureholder to yield in aggregate an IRR (as defined below) of 19.75% per annum. The Debentureholders shall exercise this right by service of a notice on the Company and the Company shall promptly make payment within 45 days after receipt of such notice.
(b) For the purpose of this Condition, Excess shall be calculated as follows: 53 Q (PIE) (R(PIE) S) where: Q = principal amount of the Debentures outstanding held by the Funds or the Investor (not being a Fund) as the case may be R = C...
Upon Maturity a deposit shall be closed and the Depositor shall dispose with the entire amount available in the deposit account (including principal and charged interests), by a bank transfer only to Depositor’s bank account at Raisin-Bank AG from which initially the funds were transferred.
Upon Maturity. The Total Commitments shall be automatically reduced to zero on the Maturity Date.
Upon Maturity. 25 SECTION 2.9. FUNDING...........................................................25 (a) Lender Funding and Disbursement............................25
Upon Maturity. For failure to pay any instalments or any payment due and which failure continues beyond the expiry or maturity date of the Facility or upon judgment, whichever 1s earlier, at the LPC rate which shall be the prevailing daily overnight Islamic Interbank Money Market (IIMM) rate on the outstanding balance due and payable or any other method approved by Bank Negara Malaysia from time to time.