Aggregate Monthly Amount definition
Examples of Aggregate Monthly Amount in a sentence
Notwithstanding the foregoing, Borrower expressly acknowledges and agrees that in the event that on any day on which a Monthly Interest Payment is due and payable (i) an Event of Default has occurred and is continuing hereunder, or (ii) the amount of such Aggregate Monthly Amount exceeds the Debt Service Reserve Funds then on deposit, Borrower shall remain liable for the payment of all Monthly Interest Payments as and when due.