Monthly Payment Date definition

Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

Monthly Payment Date shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

Monthly Payment Date means the last day of each calendar month or, if any such day is not a Business Day, the next succeeding Business Day.

Examples of Monthly Payment Date in a sentence

• The accrual period for calculating interest due on each Monthly Payment Date shall be the Interest Accrual Period in which the related Monthly Payment Date occurs.

• Borrower shall make a payment to Lender of interest and, to the extent applicable, principal in the amount of the Monthly Debt Service Payment Amount on the First Monthly Payment Date and on each Monthly Payment Date occurring thereafter to and including the Maturity Date.

• On the first Monthly Payment Date occurring after each occurrence and during the continuance of a Trigger Period, Borrower shall make a True Up Payment into Eligible Accounts held by Servicer and hereinafter respectively referred to as the “Tax Account” and the “Insurance Account”.

• On each Monthly Payment Date occurring on and after the occurrence and continuance of a Trigger Period, Borrower shall deposit (or shall cause there to be deposited) into an Eligible Account held by Servicer (the “Operating Expense Account”) an amount equal to the aggregate amount of Approved Operating Expenses and Approved Extraordinary Expenses to be incurred by Borrower for the then current Interest Accrual Period (such amount, the “Op Ex Monthly Deposit”).

More Definitions of Monthly Payment Date

Monthly Payment Date means the First Monthly Payment Date and the ninth (9th) day of every calendar month occurring thereafter during the term of the Loan.

Monthly Payment Date means the first day of each calendar month.

Monthly Payment Date means the first (1st) day of every calendar month occurring during the term of the Loan.

Monthly Payment Date means the first Business Day of each calendar month.

Monthly Payment Date means, in respect of a Mortgage Loan, the date in each month on which the relevant Borrower is required to make a payment of interest and, if applicable, principal, in respect of such Mortgage Loan, as required by the applicable Mortgage Conditions;

Monthly Payment Date has the meaning set forth in Section 9.3.

Monthly Payment Date means the sixth (6th) day of every calendar month occurring during the Term.