Common use of Reamortization Clause in Contracts

Reamortization. Upon a principal pay down of the outstanding balance of the Loan as a result of a sale of any of the Premises (as defined in the Loan Documents) of Borrower or Affiliates, and at the request of the Borrower, the remaining loan balance shall be reamortized at the interest rate shown in the Note for the purpose of calculating the monthly payments due pursuant to the Note.

Reamortization. Upon a principal pay down of the outstanding balance of the Loan as a result of a sale of any of the Premises securing Loans 1-9 (as defined in the Loan Documents) Documents of Borrower or AffiliatesBorrower), and at the request of the Borrower, the remaining loan balance of the applicable Note shall be reamortized at the interest rate shown in the applicable Note for the purpose of calculating the monthly payments due pursuant to the applicable Note.