Maturity Date Definition Example

Maturity Date. Shall mean the Initial Maturity Date, provided that (a) in the event of the exercise by Borrower of the First Extension Option pursuant to Section 5(a) of this Note, the Maturity Date shall be the First Extended Maturity Date, (b) in the event of the exercise by Borrower of the Second Extension Option pursuant to Section 5(a) of this Note, the Maturity Date shall be the Second Extended Maturity Date, and (c) in the event of the exercise by... Borrower of the Third Extension Option pursuant to Section 5(a) of this Note, the Maturity Date shall be the Third Extended Maturity Date, or such earlier date on which the final payment of principal of this Note becomes due and payable as provided in the Loan Agreement or this Note, whether at such stated maturity date, by declaration of acceleration, or otherwise. View More