Common use of Principal and Interest Payments On Payment Dates Clause in Contracts

Principal and Interest Payments On Payment Dates. Borrower shall make payments monthly in advance of principal and accrued interest for each Loan (collectively, "Scheduled Payments"), commencing on the first Business Day of the first month following the Funding Date with respect to such Loan and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a "Payment Date"), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Loan as of such Payment Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the last Payment Date with respect to such Loan.

Principal and Interest Payments On Payment Dates. Borrower shall make payments monthly in advance of principal and accrued interest in advance for each Loan (collectively, "“Scheduled Payments"”), commencing on the first Business Day of the first month following the Funding Loan Commencement Date with respect to such Loan and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a "“Payment Date"”), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Loan as of such Payment Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the last Payment Date with respect to such Loan.

Principal and Interest Payments On Payment Dates. Borrower shall make payments monthly in advance of principal and accrued interest in advance for each Loan (collectively, "Scheduled Payments"), commencing on the first Business Day of the first month following the Funding Loan Commencement Date with respect to such Loan and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a "Payment Date"), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Loan as of such Payment Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the last Payment Date with respect to such Loan.