Common use of Required Principal Payments Clause in Contracts

Required Principal Payments. In addition to, and not in lieu of, each monthly interest payment required under Section 5.1 hereof, commencing May 10, 2015, and continuing on the tenth (10th) day of each successive month thereafter until the Final Maturity Date, principal shall be due and payable in monthly installments. Each such installment shall be in an amount that would be sufficient to fully amortize the Loan on a twenty-five (25) year amortization schedule at a per annum rate of six percent (6%). Notwithstanding anything to the contrary, the aggregate outstanding balance of the Loan plus all accrued but unpaid interest shall be due and payable on the Final Maturity Date.

Required Principal Payments. In addition to, to and not in lieu of, of each monthly interest payment required under Section 5.1 hereof5.1(a), if Borrowers exercise the Extension Option in accordance herewith, principal under the Notes shall be due and payable in monthly installments, commencing May on November 10, 20152017, and continuing on the tenth (10th) day of each successive month thereafter until the Final Extended Maturity Date, principal shall be due and payable in monthly installments. Each such installment shall be in an amount that would be sufficient to fully amortize the Loan on a twenty-five thirty (2530) year amortization schedule at a per annum interest rate of six and one-half percent (66.5%). Notwithstanding anything to the contrary, the aggregate outstanding balance of the Loan plus all accrued but unpaid interest shall be due and payable in full on the Final Maturity Date.

Required Principal Payments. In addition to, to and not in lieu of, of each monthly interest payment required under Section 5.1 hereof5.1(a), if Borrowers exercise the Extension Option in accordance herewith, principal under the Notes shall be due and payable in monthly installments, commencing May on January 10, 20152018, and continuing on the tenth (10th) day of each successive month thereafter until the Final Extended Maturity Date, principal shall be due and payable in monthly installments. Each such installment shall be in an amount that would be sufficient to fully amortize the Loan on a twenty-five thirty (2530) year amortization schedule at a per annum interest rate of six and one-half percent (66.5%). Notwithstanding anything to the contrary, the aggregate outstanding balance of the Loan plus all accrued but unpaid interest shall be due and payable in full on the Final Maturity Date.

Required Principal Payments. In addition to, to and not in lieu of, of each monthly interest payment required under Section 5.1 hereof5.1(a), principal under the Notes shall be due and payable in monthly installments, commencing May on August 10, 20152018, and continuing on the tenth (10th) day of each successive month thereafter until the Final Maturity Date, principal shall be due and payable in monthly installments. Each such installment shall be in an amount that would be sufficient to fully amortize the Loan on a twenty-five thirty (2530) year amortization schedule at a per annum interest rate of six percent (66.0%). Notwithstanding anything to the contrary, the aggregate outstanding balance of the Loan plus all accrued but unpaid interest shall be due and payable in full on the Final Maturity Date.