Common use of Monthly Debt Service Payments Clause in Contracts

Monthly Debt Service Payments. Borrower shall pay to Administrative Agent, for the account of the respective Lenders to which such payment is owed (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on November 10, 2017 and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied to accrued and unpaid interest.

Monthly Debt Service Payments. Borrower shall pay to Administrative Agent, Agent for the account of the respective Lenders to which such payment is owed each Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Interest Period and (b) on November 10the Payment Date in September, 2017 2015, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied to accrued and unpaid interest.

Monthly Debt Service Payments. In addition to the Monthly Debt Service Payments paid by Borrower prior to the date hereof, Borrower shall pay to Administrative Agent, for the account of the respective Lenders to which such payment is owed (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on November January 10, 2017 2019 and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied to accrued and unpaid interest.