Common use of Payments on Mortgage Secured Term Loan Clause in Contracts

Payments on Mortgage Secured Term Loan. (a) The Borrower shall repay the principal amount of the Mortgage Secured Term Loan in consecutive monthly principal installments of $22,222 each.

Appears in 4 contracts

Samples: Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp)

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Payments on Mortgage Secured Term Loan. (a) The Borrower shall repay the principal amount of the Mortgage Secured Term Loan in consecutive monthly principal installments of $22,222 each, each to be made on the first day of each calendar month, with the next such payment to occur on the first such day to occur after the Closing Date.

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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