Payment Before Maturity Date. Borrower shall make a payment to Lender of interest only on the Closing Date for the initial Interest Period. Borrower shall make a payment to Lender equal to the Monthly Debt Service Payment Amount on the Monthly Payment Date occurring in September, 2017 and on each Monthly Payment Date thereafter to and including the Maturity Date.
Payment Before Maturity Date. Borrower shall make a payment to Agent, for the ratable benefit of the Lenders, of interest only at the Applicable Interest Rate on the Closing Date for the period from the Closing Date through July 31, 2011. On the Payment Date occurring in September, 2011 and on each Payment Date thereafter to and including the Maturity Date, Borrower shall make a payment to Agent, for the ratable benefit of the Lenders, of interest only at the Applicable Interest Rate; each payment to be calculated in the manner set forth in Section 2.2.1.
Payment Before Maturity Date. Borrower shall make a payment to Agent of interest only at the Interest Rate on each Payment Date during the term of the Project Loan; each payment to be calculated in the manner set forth in Section 2.2.
1. In addition, if the term of the Loan is extended in accordance with the provisions hereof, then upon the occurrence of any Contingent Amortization Trigger Event, Borrower shall make payments of Contingent Amortization as required pursuant to Section 4.1.11 of the Building Loan Agreement.
Payment Before Maturity Date. Borrower shall make a payment to Administrative Agent, for the benefit of Lenders of interest only on the Closing Date for the initial Interest Period. On the Monthly Payment Date occurring in April 9, 2019 and on each Monthly Payment Date thereafter to and including the Maturity Date, Borrower shall make a payment to Administrative Agent, for the benefit of Lenders equal to the Monthly Debt Service Payment Amount. Borrower shall also pay to Administrative Agent, for the benefit of the Lenders, all amounts required in respect of Reserve Funds as set forth in Article 6.
Payment Before Maturity Date. On the Closing Date, Borrower ---------------------------- shall make a payment of interest only for the period from the Closing Date through and including the date immediately prior to the Monthly Payment Date occurring in December, 1998. If the Closing Date shall occur within the last ten (10) Business Days of November, Borrower shall pay to Lender, in addition to the amount set forth in the preceding sentence, in advance on the Closing Date, the amount of Debt Service scheduled to be payable to Lender on the Monthly Payment Date occurring in January, 1999. Borrower shall make a payment to Lender of interest only, in arrears, on the Monthly Payment Date occurring in January, 1999, and on each Monthly Payment Date thereafter to and including the Monthly Payment Date occurring in December, 2000. Borrower shall make a payment to Lender of principal and interest, in arrears, in the amount of Two Hundred Sixty-Five Thousand Seven Hundred Fifty-Five and No/100 Dollars ($265,755) on the Monthly Payment Date occurring in January, 2001 and on each Monthly Payment Date thereafter to and including the Maturity Date. Each payment shall be applied first to accrued and unpaid interest and the balance to principal.
Payment Before Maturity Date. Borrower shall make a payment to Lender of interest only on the Closing Date for the period from the Closing Date through June 6, 2004. On the Monthly Payment Date occurring in July 2004 and on each Monthly Payment Date thereafter to and including the Maturity Date, Borrower shall make a payment to Lender of interest accruing hereunder during the entire Interest Period in which such Monthly Payment Date occurs, calculated in the manner set forth herein. Provided no Event of Default shall have occurred, each payment shall be applied (a) first to accrued and unpaid interest on all of the Components on a pari passu basis and (b) on the Maturity Date, to the principal balance of the Components in the following order of priority: pro rata and pari passu according to the principal amount of Note A1, Note A2, Note A3, Note A4, Note A5 and Note A6.
Payment Before Maturity Date. Borrower shall make a payment to Lender of interest only on the Closing Date for the period from the Closing Date through the last day of the month in which the Closing Date occurs (unless the Closing Date is the first (1st) day of a calendar month, in which case no such separate payment of interest shall be due). Borrower shall make a payment to Lender of interest only in the amount of the Monthly Debt Service Payment Amount on the Monthly Payment Date occurring in December, 2004 and on each Monthly Payment Date thereafter to and including the Maturity Date.
Payment Before Maturity Date. Monthly installments of interest only shall be paid on each Monthly Payment Date commencing on November 9, 2007 and on each subsequent Monthly Payment Date thereafter to the Maturity Date for the Interest Period immediately prior to the date on which such Monthly Payment Date or Maturity Date occurs. Interest on the outstanding principal amount of the Loan for the period through and including October 8, 2007 shall be paid by Borrower on the Closing Date.
Payment Before Maturity Date. Borrower shall make a payment to Lender of interest only on the Closing Date for the period from the Closing Date through the fifth day of the month in which the Closing Date occurs (unless the Closing Date is the sixth (6th) day of a calendar month, in which case no such separate payment of interest shall be due). Borrower shall make a payment to Lender in the amount of the Monthly Debt Service Payment Amount on the Monthly Payment Date occurring on [April 6, 2006] and on each Monthly Payment Date thereafter to and including the Maturity Date. Each payment shall be applied first to accrued and unpaid interest and the balance to principal, as applicable. The principal portion of the Monthly Debt Service Payment Amount required hereunder is based upon a twenty-five (25) year amortization schedule.
Payment Before Maturity Date. Borrower shall make a payment to Lender of interest only on the Closing Date for the initial Interest Period and a payment to Lender of equal to the Monthly Debt Service Payment Amount (using the Applicable Interest Rate and outstanding principal applicable under the Original Loan Agreement) for the Loan on each Monthly Payment Date thereafter to and including the Monthly Payment Date occurring in [ ], 2007. Borrower shall make a payment to Lender equal to the Monthly Debt Service Payment Amount (using the Applicable Interest Rate and outstanding principal applicable under this Agreement) on the Monthly Payment Date occurring in [ ], 2007, and on each Monthly Payment Date thereafter to and including the Maturity Date. Each payment shall be applied first to interest accrued, or to be accrued, for the Interest Period in which the Monthly Payment Date or Maturity Date occurs and the balance, if any, to the outstanding principal amount of the Loan.
