Borrower shall have the option (the Extension Option) to extend the Loans by extending the Maturity Date for a one-year period from and after the initial Maturity Date of September 22, 2015, such Extension Option being exercisable only once as provided below, and subject.
Default, this refers to a situation where the borrower violates the loan agreement, typically by not making the agreed upon monthly payments.
If the loan term is long, you run the risk of the rate increasing which could lead to higher monthly payments.The next time you are shopping for a car loan keep these common auto loan terms in mind and dont feel stressed.A Participant may, subject to, and in accordance with, procedures and guidelines approved from time to time by the Plan Administrator, extend the Maturity Period relating to any such deferral, provided that: (i) any such modification is made at least twelve (12) months prior.Series B Convertible Preferred Stock and/or the common stock into which such stock is convertible owned by Acceris and held by Counsel Corp as security for the performance by Acceris hereunder pursuant to the Stock Pledge Agreement, or any portion thereof (a "BUI Sale.Appears in 19 contracts.Any Lender that has not so advised the Borrower and the Administrative Agent by such day shall be deemed to have declined to agree to such extension and shall be a Declining Lender.You will pay mostly interest on the front end of a loan, and mostly principal as the term draws to a close in order to keep your monthly payments the same.Hereinafter, the term "Maturity Date" and all other references to the maturity date of the Loan in the Note and the other Loan Documents shall mean December 21, 2012.Appears in 16 contracts Securities Purchase Agreement (Blue Sphere Corp.), Investment Agreement (Blink Charging.), Securities Purchase Agreement (Blink Charging.), See all 16 variations Extension of Maturity Date. .In many cases the lender will be the bank from which you borrow money.I currently have auto loan with Santander and have been paying Santander since March 2007 when they took over my loan from Citi-Financial.
Related: Santander Consumer Usa - IF YOU havantander loan pls join the class action lawsuit.
Extension of Maturity Date. .
I have been paying on this car for 6 years and my maturity date was 2/2012.