Regular Monthly Payments Clause Samples

Regular Monthly Payments. During the Repayment Period, you must make regular monthly amortized installment payments of principal and interest (each, a “Regular Monthly Payment”) to us. Your Regular Monthly Payment is set forth in your Final Disclosure. All payments must be made in United States currency.

Regular Monthly Payments. After the Interest-Only Period, for each Tranche, the Borrower shall make Monthly payments of Principal, Interest, and Loan Management Fees according to the Amortization Schedule provided in Schedule A of the Loan Agreement.

Regular Monthly Payments. (A) Commencing ------------------------ on April 30, 1992 and on the last day of each calendar month thereafter to and including December 31, 1995, the Borrower shall make forty-four (44) consecutive monthly payments of principal and interest on Note A, each such monthly payment to be in the aggregate amount of $631,533. (B) Except as herein after provided, commencing on January 31, 1996 through and including the GAIC Maturity Date, the payments on Note A shall be suspended and the amount of $631,533 shall be added on the last day of each month to Note B. (C) In the event that (1) the monthly calculation of Cash Flow exceeds the interest then due and owing on the GAIC Loan; the GAIC Loan has been prepaid and has no current outstanding principal balance; the Operating Account has a balance of at least $1,500,000; the Working Capital Account has a balance of $2,000,000; and the Capital Expenditure Account has a balance of $1,300,000, the suspension of payment referred to in Section 2.3(a)(i)(B) above shall be all or partially -------------------- terminated for such month and such Cash Flow (to the extent it exceeds the interest then due and owing on the GAIC Loan, prepayment of any outstanding balance of the GAIC Loan and the amounts of $1,500,000 in the Operating Account, $2,000,000 in the Working Capital Account and $1,300,000 in the Capital Expenditure Account) shall be first applied to towards the monthly $631,533 payment on Note A, second, applied to the monthly payment due to BDC and the balance shall be applied as a payment of Note B; (2) the GAIC Loan has been repaid in its entirety and the Borrower has terminated the GAIC Loan; and the Borrower has on deposit in its Operating Account at least the sum of $1,500,000, in its Working Capital Account the sum of $2,000,000 and in its Capital Expenditure Account the sum of $1,300,000, the suspension of the monthly payments due on Note A shall be irrevocably terminated and the Borrower shall be required to resume the monthly payments of $631,533; and (3) by December 31, 1996, the Borrower shall have made any payment on Note A pursuant to (1) above, then, unless the Borrower and the Secretary agree that the price of corn is projected to substantially increase in 1997 and by reason thereof, the Borrower will continue to experience cash flow difficulties in 1997, commencing January 31, 1997, the Borrower shall commence payments on a monthly basis of the interest then due and owing on Note A, with the principa...