Common use of Payment Before Maturity Date Clause in Contracts

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.

Appears in 2 contracts

Samples: Project Loan Agreement, Project Loan Agreement (Alexanders Inc)

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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 Supplemental 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.

Appears in 1 contract

Samples: Supplemental Loan Agreement (Alexanders Inc)

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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 Building 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 Agreement4.1.11.

Appears in 1 contract

Samples: Building Loan Agreement (Alexanders Inc)

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