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 first day of each calendar month.

Examples of Monthly Payment Date in a sentence

  • Provided no Event of Default has occurred and is continuing, on each Monthly Payment Date Lender shall disburse an amount of available Interest Rate Cap Reserve Funds in payment of the Monthly Debt Service Payment then due, up to the amount of such Monthly Debt Service Payment.

  • On each Monthly Payment Date, Borrower shall deposit (or shall cause there to be deposited) into an Eligible Account held by Lender or 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 Period (such amount, the “Operating Expense Monthly Deposit”).

  • Any prepayment received by Lender pursuant to this Section 2.7(b) on a date other than a Monthly Payment Date shall be held by Lender as collateral security for the Loan in an interest bearing, Eligible Account at an Eligible Institution, with such interest accruing to the benefit of Borrower, and shall be applied by Lender on the next Monthly Payment Date, with any interest on such funds paid to Borrower on such date provided no Event of Default then exists.

  • In addition, if at any point in time the balance in the Interest and Operating Expense Reserve Account is less than the Interest and Operating Expense Reserve Replenishment Trigger, Borrower shall, on the immediately following Monthly Payment Date, deposit the Interest and Operating Expense Reserve Additional Deposit into the Interest and Operating Expense Reserve Account.

  • The accrual period for calculating interest due on each Monthly Payment Date shall be the Interest Period scheduled to end one (1) day prior to the related Monthly Payment Date.


More Definitions of Monthly Payment Date

Monthly Payment Date means the last Business Day of each calendar month.
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 (1st) day of each month, provided, that if such day is not a Business Day, the Monthly Payment Date shall be the immediately succeeding Business Day.
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 16th day of each month (or if such date is not a Business Day, the next succeeding Business Day), commencing in the calendar month immediately succeeding the first Note Issuance Date, and ending with the Scheduled Final Payment Date.
Monthly Payment Date means the ninth (9th) calendar day of each calendar month during the term of the Loan, and if such day is not a Business Day, then the Business Day immediately preceding such day.