Monthly Payment Due Date definition
Monthly Payment Due Date means (a) the fifth (5th) day of each calendar month. occurring after the Closing Date and (b) the Maturity Date; provided that for any Monthly Payment Due Date that occurs on a day other than a Business Day, such Monthly Payment Due Date shall be deemed to be the Business Day Adjustment Date.
Monthly Payment Due Date. The fifteenth (15th) day of each calendar month.
Examples of Monthly Payment Due Date in a sentence
In connection with such repayment made with respect to such reallocation (to the extent such repayment is required), the Borrower shall pay (i) all interest due on the amount repaid to the date of repayment on the immediately following Monthly Payment Due Date and (ii) any amounts due pursuant to Section 2.6(d) as a result of such reallocation occurring on any date other than Monthly Payment Due Date.
Interest payable on the Loans shall be payable in arrears (i) on each Monthly Payment Due Date; and (ii) upon any prepayment of the Loans, whether voluntary or mandatory, to the extent accrued on the amount being prepaid.