Examples of Loan Payment Date in a sentence
The Servicer shall also advance in respect of each Loan Payment Date following a delinquency in the payment of any Balloon Payment of the Trust Loan or a foreclosure (or acceptance of a deed in lieu of foreclosure or comparable conversion) of the Whole Loan, not later than the related Remittance Date, to the Distribution Account, the amount of any Assumed Monthly Payment deemed due with respect to the Trust Loan on such Loan Payment Date.
The Trustee and the Certificate Administrator shall provide the Servicer with an invoice, on or prior to each Loan Payment Date, setting forth the actual expenses incurred in connection with the performance of its duties hereunder for which it seeks payment or reimbursement.
Neither the Servicer nor the Trustee will be entitled to interest on any Monthly Payment Advance on the Mortgage Loan until the related Loan Payment Date has passed.
Notwithstanding anything herein to the contrary, this Interim Order is without prejudice to, and does not constitute a waiver of, expressly or implicitly, the rights of the Prepetition Agent to seek additional adequate protection at any time, including prior to the Loan Payment Date.
The Borrower shall use Cash Collateral and the loans or advances made under, or in connection with, the Postpetition Credit Agreement and the other Postpetition Financing Documents for the period of time from the date hereof until the occurrence of the Loan Payment Date solely as provided in this Interim Order, the Postpetition Credit Agreement and the other Postpetition Financing Documents.