Common use of Catch-Up Payment Clause in Contracts

Catch-Up Payment. On or before October 10, 2018, ▇▇▇▇ shall pay to RACER $4,484,755.50, which is the sum of the unpaid monthly amounts and late fees due to RACER under the Note (from October 2016 to October 2018) plus the sum of the forbearance fees due to RACER via this forbearance agreement and all prior forbearance agreements executed between ▇▇▇▇ and RACER. The monthly payment and late charge portions of the Catch-Up Payment shall be applied to accrued interest due under the Note.

Catch-Up Payment. On or before October July 10, 2018, ▇▇▇▇ shall pay to RACER $4,484,755.503,934,255.50, which is the sum of the unpaid monthly amounts and late fees due to RACER under the Note (from October 2016 to October July 2018) plus the sum of the forbearance fees due to RACER via this forbearance agreement and all prior forbearance agreements executed between ▇▇▇▇ and RACER. The monthly monthy payment and late charge portions of the Catch-Up Payment shall be applied to accrued interest due under the Note.