Common use of Repayments and Prepayments Generally; Application Clause in Contracts

Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to May 31, 2024. Thereafter, on each Payment Date occurring prior to the scheduled Maturity Date (and commencing on the fourth anniversary of the Closing Date), the Borrower shall make a payment of principal on the Loans in an amount equal to three percent (3.00%) of the aggregate original principal amount of all Loans made on and after the Closing Date and as of such Payment Date. On the Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Loans in full and in cash.

Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to May 31, 2024the fourth anniversary of the Closing Date. Thereafter, on each Payment Date occurring prior to the scheduled Maturity Date (and commencing on the fourth anniversary of the Closing Date), the Borrower shall make a payment of principal on the Loans in an amount equal to three one and one half percent (3.001.5%) of the aggregate original principal amount of all the Loans made outstanding on and after the fourth anniversary of the Closing Date and as of such Payment Date. On the Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Loans in full and in cash.

Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to May 31, 2024the fourth anniversary of the Closing Date. Thereafter, on each Payment Date occurring prior to the scheduled Maturity Date (and commencing on the fourth anniversary of the Closing Date), the Borrower shall make a payment of principal on the Loans in an amount equal to three two and one-half percent (3.002.50%) of the aggregate original principal amount of all Loans made on and after since the Closing Date and as of such Payment Date. On the Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Loans in full and in cash.