Monthly Payment Amounts Clause Samples
The "Monthly Payment Amounts" clause defines the specific sum that a party is required to pay on a recurring monthly basis under the terms of the agreement. This clause typically outlines the exact dollar amount due each month, the due date for each payment, and may reference how the amount is calculated or adjusted over time, such as through fixed rates or variable components. Its core practical function is to ensure both parties have a clear understanding of the payment obligations, thereby reducing the risk of disputes over payment amounts and schedules.
Monthly Payment Amounts. Each Monthly Payment will be equal to (i) a principal payment in the amount set forth on Exhibit A with respect to the month in which such payment is due; plus (ii) all accrued and unpaid interest to the Payment Day on which the Monthly Payment is due.
Monthly Payment Amounts. Unless otherwise specifically provided in this Note, each Monthly Payment will equal the level monthly payment of principal and interest required to fully amortize the unpaid principal balance of the Loan outstanding on a Reference Date over the then remaining Amortization Period, at an interest rate equal to the Note Rate calculated as of the last Business Day of the second month preceding such Reference Date. The Monthly Payment amount so calculated will be in effect commencing with the first Payment Day following such Reference Date and for the next 11 Monthly Payments or through the Maturity Date, if the Maturity Date occurs during such period, with the Monthly Payment amount to be recalculated on each Reference Date. If a particular Monthly Payment is insufficient to pay all of the accrued and unpaid interest as of the due date for such Monthly Payment, then that portion of the accrued and unpaid interest in excess of the portion actually paid shall thereupon be added to the unpaid principal balance of the Loan and shall 1Loan ID No: 012680358 22601978 22601978
Monthly Payment Amounts. Each Monthly Payment will be equal to installments of principal and interest in the amount set forth on Exhibit A with respect to the month in which such payment is due, which, for the avoidance of doubt, reflects repayment of the PIK Interest.
Monthly Payment Amounts. During the period commencing on the Original Note Date and ending on March 31, 2021, only interest accrued on the loan shall be due and payable on each Payment Day. Thereafter, each Monthly Payment will be equal to (i) a principal payment in the amount set forth on Exhibit A with respect to the month in which such payment is due; plus (ii) all accrued and unpaid interest to the Payment Day on which the Monthly Payment is due, which, for the avoidance of doubt, reflects repayment of the PIK Interest.
Monthly Payment Amounts. On each Payment Day occurring prior to (but not including) the Term Out Date, the Monthly Payments will be interest-only payments of all then accrued and unpaid interest on the Loan. From and after the Term Out Date, Borrower shall make Monthly Payments of principal and interest as follows: Each Monthly Payment will equal the level monthly payment of principal and interest required to fully amortize the original principal balance of the Loan at the Interest Rate, over the Amortization Period .