Examples of Monthly Payment Amount in a sentence
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.
Nothing in this Article II shall limit, reduce or otherwise affect Maker's obligations to make payments of the Monthly Payment Amount (including interest on the Note as provided in Section 1.3 hereof) payments to the Impound Account and payments of other amounts due hereunder and under the other Loan Documents, whether or not Rents (as defined in the Security Instrument) are available to make such payments.
With respect to obligations secured by Collateral at any closed stores, any outstanding balance will be amortized over 48 months with 5% simple interest and payable in 48 equal monthly payments (the amount of a monthly payment being referred to hereinafter as the "Monthly Payment Amount") beginning on the Effective Date.
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.
No partial prepayment of this Note shall change any Due Date or the method of calculation of the Monthly Payment Amount, unless Lender otherwise agrees in writing.