Examples of Monthly Payment Amount in a sentence
If you have given us authorization, we will generate an automatic payment on the payment due date from the specified account for the Minimum Payment Due, the Entire Amount on the Last Statemented Balance, or Fixed Monthly Payment Amount according to your authorization.
Thereafter, monthly payments of the Monthly Payment Amount (or such lesser amount as is required to complete the final payment) shall continue until they aggregate 14% of the original cost of the Collateral, whereupon Reorganized RHG or any successor in interest thereto shall become the owner of the Collateral and shall have no obligation to make any further payments.
Interest Rate/Loan Term: 0% Fixed, 5 years Monthly Payment Amount: No monthly payments.
Borrower acknowledges that the applicable Monthly Payment Amount is determined on an Actual/360 Basis.
The “Debt Service Coverage Ratio” shall be calculated by dividing the monthly cash flow for the Property by the Monthly Payment Amount for the corresponding period.