Common use of Payment of Principal and Interest on Loans Clause in Contracts

Payment of Principal and Interest on Loans. All interest on a Loan which has accrued, but is unpaid as of the day preceding a Distribution Date for a related Asset Pool, shall be due and payable on such Distribution Date, but only to the extent available in accordance with Section 2.8. If not paid in full on a Distribution Date, all accrued and unpaid interest shall be capitalized as of such date in accordance with Section 2.4. Principal of each Loan shall be finally due and payable on the Loan Maturity Date for such Loan, as specified in the Note evidencing payment of such Loan. In addition, each Loan shall be subject to mandatory prepayment on each Distribution Date for the related Asset Pool in an amount equal to the Asset Pool Proceeds available for such prepayment on such date, as provided in Section 2.8. The Borrower may prepay any Loan, in whole or in part, at any time and from time to time, without premium or penalty; provided, however, that (i) no such prepayment shall terminate or satisfy the Borrower's obligation to pay Contingent Payments with respect to the related Asset Pool for any such Loan, and (ii) any such prepayment can only be made from Asset Pool Proceeds received with respect to the Asset Pool for such Loan and not with any other proceeds or funds from any other source, unless otherwise approved in writing by the Lender.

Payment of Principal and Interest on Loans. All interest on a Loan which has accrued, but is unpaid as of the day preceding a Distribution Date for a related Asset Pool, shall be due and payable on such Distribution Date, but only to the extent available in accordance with Section 2.8. If not paid in full on a Distribution Date, all accrued and unpaid interest shall be capitalized compounded as of such date in accordance with Section 2.4. Principal of each Loan shall be finally due and payable on the Loan Maturity Date for such Loan, as specified in the Note evidencing payment of such Loan. In addition, each Loan shall be subject to mandatory prepayment on each Distribution Date for the related Asset Pool in an amount equal to the Asset Pool Proceeds available for such prepayment on such date, as provided in Section 2.8. The Borrower may prepay any Loan, in whole or in part, at any time and from time to time, without premium or penalty; provided, however, that (i) no such prepayment shall terminate or satisfy the Borrower's obligation to pay Contingent Payments with respect to the related Asset Pool for any such Loan, and (ii) any such prepayment can only be made from Asset Pool Proceeds received with respect to the Asset Pool for such Loan and not with any other proceeds or funds from any other source, unless otherwise approved in writing by the Lender.

Payment of Principal and Interest on Loans. All interest on a Loan which has accrued, but is unpaid as of the day preceding a Distribution Date for a related Asset Pool, shall be due and payable on such Distribution Date, but only to the extent available in accordance with Section 2.82.9. If not paid in full on a Distribution Date, all accrued and unpaid interest shall be capitalized as of such date in accordance with Section 2.42.5. Principal of each Loan shall be finally due and payable on the Loan Maturity Date for such Loan, as specified in the Note evidencing payment of such Loan. In addition, each Loan shall be subject to mandatory prepayment on each Distribution Date for the related Asset Pool in an amount equal to the Asset Pool Proceeds available for such prepayment on such date, as provided in Section 2.82.9. The Borrower may prepay any Loan, in whole or in part, at any time and from time to time, without premium or penalty; provided, however, that (i) no such prepayment shall terminate or satisfy the Borrower's ’s obligation to pay Contingent Payments with respect to the related Asset Pool for any such Loan, and (ii) any such prepayment can only be made from Asset Pool Proceeds received with respect to the Asset Pool for such Loan and not with any other proceeds or funds from any other source, unless otherwise approved in writing by the Lender. Notwithstanding anything to the contrary contained in this Section 2.6, the Lender shall not be entitled to receive any Contingent Payments with respect to any Asset Pool financed by a Distressed Loan and purchased pursuant to Section 2.3.