Examples of First Monthly Payment Date in a sentence
Borrower shall make a payment to Lender of interest 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.
Maker agrees to pay Noteholder the Monthly Payments commencing on the First Monthly Payment Date and continuing thereafter on the same day of each succeeding month through and including the Maturity Date, on which date all unpaid principal and interest, together with any other sums due under the terms of this Note, shall be due and payable.
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.
Interest, which has accrued during the preceding month on the outstanding Principal Amount at the Interest Rate set forth above, shall be paid monthly in arrears (i) as part of a blended payment of principal and interest as provided below on each Monthly Payment Date during the first five (5) Loan Years, commencing on the First Monthly Payment Date, and (ii) with the direct reduction principal payments as provided below on each Monthly Payment Date during the last five (5) Loan Years.
Borrower shall pay to Lender on December 1, 1998 (the "FIRST MONTHLY PAYMENT DATE") and on the first day of each and every calendar month thereafter through the third (3rd) anniversary of the First Monthly Payment Date, a monthly installment of interest due on the Principal Amount at the Interest Rate in the amount of Five Hundred Fifty-One Thousand Six Hundred Sixty-Six and 67/100 Dollars ($551,666.67) (such monthly installment being referred to herein as an "INTEREST ONLY PERIODIC INSTALLMENT").