Common use of Monthly Principal and Interest Clause in Contracts

Monthly Principal and Interest. Payments On the first day of January, 1997 and of each subsequent calendar month through November, 2003, Borrower shall pay an installment in the amount of $11,224.94. Monthly installments of principal and interest shall be made when due, regardless of the prior acceptance by Lender of unscheduled payments. 2.3 Final Payment This Note shall mature on the first day of December, 2003 (the "Maturity Date"), when the Borrower shall pay its entire principal balance, together with all accrued interest and any other amounts owed by the Borrower under the Loan Documents. The term "Loan Documents" means all documents entered into now or in the future in connection with the $27,990,000 loan (the "Loan") made by Lender to Borrower pursuant to that certain Loan Agreement of even date herewith, by and among Borrower, Lender, and American Industrial Properties REIT (the "Loan Agreement"), including the Loan Agreement, this Note, the other notes evidencing Borrower's obligation to repay the Loan as provided in the Loan Agreement (this Note and such other Notes sometimes collectively referred to herein as the "Notes"), and the Deeds of Trust, as hereinafter defined in Section 11, exclusive, however, of the Environmental Indemnity Agreements of even date herewith executed by Borrower and the Indemnity Agreements of even date herewith executed by American Industrial Properties REIT, which are not Loan Documents and are not secured by the Deeds of Trust or any other security.

Monthly Principal and Interest. Payments On the first day of January, 1997 and of each subsequent calendar month through November, 2003, Borrower shall pay an installment in the amount of $11,224.9428,537.97. Monthly installments of principal and interest shall be made when due, regardless of the prior acceptance by Lender of unscheduled payments. 2.3 Final Payment This Note shall mature on the first day of December, 2003 (the "Maturity Date"), when the Borrower shall pay its entire principal balance, together with all accrued interest and any other amounts owed by the Borrower under the Loan Documents. The term "Loan Documents" means all documents entered into now or in the future in connection with the $27,990,000 loan (the "Loan") made by Lender to Borrower pursuant to that certain Loan Agreement of even date herewith, by and among Borrower, Lender, and American Industrial Properties REIT (the "Loan Agreement"), including the Loan Agreement, this Note, the other notes evidencing Borrower's obligation to repay the Loan as provided in the Loan Agreement (this Note and such other Notes sometimes collectively referred to herein as the "Notes"), and the Deeds of Trust, as hereinafter defined in Section 11, exclusive, however, of the Environmental Indemnity Agreements of even date herewith executed by Borrower and the Indemnity Agreements of even date herewith executed by American Industrial Properties REIT, which are not Loan Documents and are not secured by the Deeds of Trust or any other security.

Monthly Principal and Interest. Payments On the first day of January, 1997 and of each subsequent calendar month through November, 2003, Borrower shall pay an installment in the amount of $11,224.949,829.75. Monthly installments of principal and interest shall be made when due, regardless of the prior acceptance by Lender of unscheduled payments. 2.3 Final Payment This Note shall mature on the first day of December, 2003 (the "Maturity Date"), when the Borrower shall pay its entire principal balance, together with all accrued interest and any other amounts owed by the Borrower under the Loan Documents. The term "Loan Documents" means all documents entered into now or in the future in connection with the $27,990,000 loan (the "Loan") made by Lender to Borrower pursuant to that certain Loan Agreement of even date herewith, by and among Borrower, Lender, and American Industrial Properties REIT (the "Loan Agreement"), including the Loan Agreement, this Note, the other notes evidencing Borrower's obligation to repay the Loan as provided in the Loan Agreement (this Note and such other Notes sometimes collectively referred to herein as the "Notes"), and the Deeds of Trust, as hereinafter defined in Section 11, exclusive, however, of the Environmental Indemnity Agreements of even date herewith executed by Borrower and the Indemnity Agreements of even date herewith executed by American Industrial Properties REIT, which are not Loan Documents and are not secured by the Deeds of Trust or any other security.

Monthly Principal and Interest. Payments On the first day of January, 1997 and of each subsequent calendar month through November, 2003, Borrower shall pay an installment in the amount of $11,224.9424,098.73. Monthly installments of principal and interest shall be made when due, regardless of the prior acceptance by Lender of unscheduled payments. 2.3 Final Payment This Note shall mature on the first day of December, 2003 (the "Maturity Date"), when the Borrower shall pay its entire principal balance, together with all accrued interest and any other amounts owed by the Borrower under the Loan Documents. The term "Loan Documents" means all documents entered into now or in the future in connection with the $27,990,000 loan (the "Loan") made by Lender to Borrower pursuant to that certain Loan Agreement of even date herewith, by and among Borrower, Lender, and American Industrial Properties REIT (the "Loan Agreement"), including the Loan Agreement, this Note, the other notes evidencing Borrower's obligation to repay the Loan as provided in the Loan Agreement (this Note and such other Notes sometimes collectively referred to herein as the "Notes"), and the Deeds of Trust, as hereinafter defined in Section 11, exclusive, however, of the Environmental Indemnity Agreements of even date herewith executed by Borrower and the Indemnity Agreements of even date herewith executed by American Industrial Properties REIT, which are not Loan Documents and are not secured by the Deeds of Trust or any other security.