Monthly Debt Service Payment Amount definition
Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.
Monthly Debt Service Payment Amount means on each Monthly Payment Date through and including the Maturity Date, an amount equal to the interest accruing on the Outstanding Principal Balance at the Applicable Interest Rate (or at the Default Rate, as applicable) for the immediately preceding Interest Period, which interest shall be calculated in accordance with Section 2.2.
Monthly Debt Service Payment Amount shall have the meaning set forth in Section 2.3.2 hereof.
Examples of Monthly Debt Service Payment Amount in a sentence
Lender shall withdraw funds from the Debt Service Account to pay the Monthly Debt Service Payment Amount on the date when due, together with all other amounts due and owing to Lender pursuant to the terms hereof and the other Loan Documents (including, without limitation, any late payment charges or interest accruing at the Default Rate).
More Definitions of Monthly Debt Service Payment Amount
Monthly Debt Service Payment Amount means a constant monthly payment of $160,378.49.
Monthly Debt Service Payment Amount means the amount of interest and the Scheduled Amortization Payment due and payable on each Payment Date, pursuant to the Note and Section 2.2 hereof.
Monthly Debt Service Payment Amount shall have the meaning assigned to such term or an analogous term in the Loan Agreement.
Monthly Debt Service Payment Amount. The monthly payment of interest and principal, if any, required to be made by the Borrower on the Trust Loan in the amount set forth in the Loan Agreement.
Monthly Debt Service Payment Amount. As defined in the Mortgage Loan Agreement.
Monthly Debt Service Payment Amount means, (i) for each Monthly Payment Date, an amount equal to the amount of interest which is then due on the Loan for the Interest Period ending in the month during which such Monthly Payment Date occurs plus (ii) for each Monthly Payment Date following the commencement of the Third Extended Term, the Monthly Amortization Payment.
Monthly Debt Service Payment Amount means an amount equal to the interest, computed at the Applicable Interest Rate, due on the outstanding balance of the Loan on any given Monthly Payment Date, plus a monthly amortization payment as set forth on Schedule 3.