Examples of Loan Month in a sentence
The Note shall bear interest at the adjusted Note Rate during the Loan Month comprising an accrual period.
All such financial statements, cash flow statements and operating statements shall be delivered to Lender as soon as possible but not later than thirty (30) days after the close of each Loan Month (or, if applicable, Accounting Period), and in the case of annual financial statements, not later than one hundred twenty (120) days after the close of each fiscal year.
In the event Borrower enters into a Management Agreement subsequent to the date hereof, as soon as available, and in any event within twenty (20) days after the end of each Loan Month, Borrower will deliver to Lender a copy of the periodic reporting package required to be delivered to Borrower by a Manager pursuant to such Management Agreement.
Beginning on January 25, 1999, and continuing on the twenty-fifth (25th) day of each Loan Month thereafter, Borrower shall deposit with Lender on a monthly basis a reserve of not less than four percent (4%) of Gross Revenues for the preceding Accounting Period.
Prepayment in full of the Loan is permitted at any time on or after the first day of Loan Month thirty seven (37) and prior to the Maturity Date.