Common use of Monthly Installments Clause in Contracts

Monthly Installments. There shall be no monthly installments due under this Note, so long as the Borrower fulfills its obligations under the Loan Documents, until the fifteenth (15th) anniversary of the Term commencement date, when any unpaid and unforgiven principal balance or other charges having been assessed or being due under any of the Loan Documents shall become due.

Appears in 3 contracts

Sources: Promissory Note, Promissory Note, Promissory Note