Monthly Interest Payment definition

Monthly Interest Payment shall have the meaning set forth in Section 2.3.1 hereof.

Monthly Interest Payment is defined in Section 5A.4(c)(v).

Monthly Interest Payment. With respect to the Mortgage Loan and any Payment Date, a payment equal to the amount of interest that has accrued on the Mortgage Loan during the related Mortgage Loan Interest Accrual Period computed at the Mortgage Loan Interest Rate.

Examples of Monthly Interest Payment in a sentence

• Notwithstanding the foregoing provisions of this Section 3.23(a) or any other contrary provisions of this Agreement, any portion of a Monthly Interest Payment Advance intended to cover the CREFC® Licensing Fee shall be advanced directly to CREFC® on the applicable Remittance Date.

• In addition, the Certificate Administrator shall notify the Trustee by telephone and electronically if as of 11:00 a.m., New York City time, on any Distribution Date if the Servicer has not made the Monthly Interest Payment Advance required to have been made on the related Remittance Date pursuant to this Section 3.23(a).

• For the avoidance of doubt, in the event that the amount of interest on the Trust Loan is reduced as a result of any modification to the Trust Loan, any Monthly Interest Payment Advance made with respect to such modified Trust Loan shall be in such amounts as may be required as a result of such reduction.

• The Certificate Administrator shall notify the Servicer and the Trustee by telephone and electronically if as of 3:00 p.m., New York City time, on the Remittance Date, if the Certificate Administrator has not received the amount of a Monthly Interest Payment Advance required pursuant to this Section 3.23(a).

• The Servicer shall have no obligation to make any Monthly Interest Payment Advance for any Companion Loan.

More Definitions of Monthly Interest Payment

Monthly Interest Payment is defined in Section 5A.3(b).

Monthly Interest Payment shall have the meaning assigned in subsection 3A.6(a).

Monthly Interest Payment. A “Monthly Debt Service Payment Amount” as defined in the Mortgage Loan Agreement.

Monthly Interest Payment means the amount of interest paid on a Payment Date for the preceding Interest Period based on interest calculated for such preceding Interest Period at the Monthly Interest Rate.

Monthly Interest Payment means, as of any Distribution Date, one-twelfth of the product of the Pass-Through Rate and the Certificate Balance as of the close of business on the prior Distribution Date or, in the case of the first Distribution Date, the Certificate Balance as of the Closing Date.

Monthly Interest Payment is defined in paragraph (iv) of Section 2.9.

Monthly Interest Payment has the meaning ascribed to it in SECTION 2.4.4.(b) hereof.