Common use of Payment and Amortization Schedule; Maturity Clause in Contracts

Payment and Amortization Schedule; Maturity. i. A "Payment and Amortization Schedule" is attached hereto as Schedule 3.a.i. and made a part hereof, which schedule is calculated based on -------------- amortization of the Principal Amount over the Amortization Period. ii. On the date of funding, Borrower's Funding Date Payment is due. The Funding Date Payment equals the amount of the interest payable for the period from the date of the funding of the Note, through and including the tenth (10th) day of the month immediately following the month in which funding occurs (unless funding has occurred on the first day of the month in which case, said interest is payable under Section 3.a.iii hereof). iii. Commencing on the First Payment Date, and on the eleventh (11th) day of each month the reafter (each a "Payment Date"), Borrower agrees to pay the Stated Payment Amount until the earliest of the acceleration, exercise of the Defeasance Option or Maturity Date of this Note, as the case may be. iv. The Principal Amount outstanding on the Maturity Date, together with any and all accrued and unpaid interest, charges, fees and expenses, shall be due and payable on the Maturity Date.