Accelerated Maturity Date definition
Examples of Accelerated Maturity Date in a sentence
The Securities are not subject to redemption at the option of the Company or at the option of the Holder prior to maturity; however, if certain Acceleration Events shall have occurred and be continuing, the maturity of the Securities will be accelerated to the Accelerated Maturity Date pursuant to the terms of the Indenture.
Borrower also promises to pay to Holder, on the Maturity Date or Accelerated Maturity Date, if applicable, together with the principal amount referenced above interest on the outstanding principal balance of this Note at the rate of fifteen percent (15%) per annum, pro-rated for the number of days that the Note is outstanding until the Maturity Date or Accelerated Maturity Date, if applicable, on the basis of a 365-day year (the “Interest”).
For any series of Securities, the Company shall have the right, at any time and from time to time during the term of the Securities, to defer making the Yield Enhancement Payments, if any, during the period until the Maturity Date or the Accelerated Maturity Date, as the case may be.
Within fifteen (15) days of the Accelerated Maturity Date, the Company shall notify the Holder in writing of the termination of this Note and shall pay to the Holder the principal amount outstanding under this Note together with interest accrued thereon at the rate specified herein to the date of payment.
Except as otherwise expressly provided in the immediately preceding sentence, in the case of acceleration of maturity of a Forward Contract to an Accelerated Maturity Date, Yield Enhancement Payments, if any, that would otherwise be payable after the Accelerated Maturity Payment with respect to a Forward Contract shall not be payable.