Loan Payment Date definition
Examples of Loan Payment Date in a sentence
Past-due payments of (i) principal and interest and (ii) Administrative Expense Surcharge shall bear interest at the rate of 8% per annum, compounded on each Loan Payment Date, until paid.
Past-due payments of principal, interest and Administrative Expense Surcharges shall bear interest at the rate of 8% per annum, compounded on each Loan Payment Date, until paid.
The said principal and interest and the Administrative Expense Surcharge shall be payable in quarterly installments, each payable on the 15th day of January, April, July, and October of each year (each such date for payment of principal, interest or Administrative Expense Surcharge is referred to herein as a “Loan Payment Date”) commencing on the first Loan Payment Date after the Closing Date.
Past-due payments of (i) principal and interest and (ii) the Administrative Expense Surcharge shall bear interest at the rate of 8% per annum, compounded on each Loan Payment Date, until paid.
The Trustee and the Certificate Administrator shall provide the Servicer with an invoice, on or prior to each Mortgage Loan Payment Date, setting forth the actual expenses incurred in connection with the performance of its duties hereunder for which it seeks payment or reimbursement.