Current Debt Payment Sample Clauses

Current Debt Payment. Currently, the ▇▇▇▇▇▇▇ Debt monthly payments (“▇▇▇▇▇▇▇ Monthly Payments”) are as follows: (i) ▇▇▇▇▇▇▇ Debt (Peoples Loan): Principal: $8,333.34; Interest: $765.00 plus 1.25% over LIBOR, and (ii) ▇▇▇▇▇▇▇ Debt (Remaining Westport Term Loan): Principal: $1,314; Interest: $1,399.18. Effective as of the thirteenth month after Closing, PCS will accelerate the principal and interest payments due on the ▇▇▇▇▇▇▇ Debt, subject to the terms and conditions of the applicable loan documents, such that the ▇▇▇▇▇▇▇ Debt will be fully paid off by 24 months after Closing.