Monthly Debt Service Payment definition

Monthly Debt Service Payment has the meaning set forth in Section 2.5 hereof.

Monthly Debt Service Payment shall have the meaning set forth in Section 2.3.1.

Monthly Debt Service Payment means a monthly payment of principal and interest in an amount equal to that which is required pursuant to the Note.

Examples of Monthly Debt Service Payment in a sentence

• Borrower shall make a payment to Lender of interest in the amount of the Monthly Debt Service Payment Amount on the First Monthly Payment Date and on each Monthly Payment Date occurring thereafter to and including the Maturity Date.

• The Tax and Insurance Escrow Fund and the Monthly Debt Service Payment Amount, shall be added together and shall be paid as an aggregate sum by Borrower to Lender.

• The Monthly Debt Service Payment Amount due on any Payment Date shall first be applied to the payment of interest accrued during the preceding Interest Period and the remainder of such Monthly Debt Service Payment Amount shall be applied to the reduction of the unpaid Principal.

• Any regularly scheduled Monthly Debt Service Payment that is received by Lender before the applicable Payment Date shall be deemed to have been received on such Payment Date solely for the purpose of calculating interest due.

• The Monthly Debt Service Payment Amount shall be applied first to accrued and unpaid interest and the balance to the Outstanding Principal Balance.

More Definitions of Monthly Debt Service Payment

Monthly Debt Service Payment has the meaning set forth in the Summary of Loan Terms.

Monthly Debt Service Payment has the meaning set forth in Section ---------------------------- 4.3(B)(i) of the Cash Management Procedures, as modified by Section 12.6 of the Cash Management Procedures.

Monthly Debt Service Payment. AMOUNT" - 2.

Monthly Debt Service Payment means, for each Payment Date, a monthly payment equal to the payment of interest, equal to the amount payable in respect of interest pursuant to Section 2.2.1(a) for the Interest Period ending on the last day of the immediately preceding calendar month.

Monthly Debt Service Payment has the meaning set forth in the applicable Schedule of Advance Terms.

Monthly Debt Service Payment means (i) prior to the fifth anniversary of the date hereof, the Monthly Interest Payment, and (ii) thereafter, the Scheduled Principal and Interest Payment.

Monthly Debt Service Payment means the constant monthly ---------------------------- payment set forth in Paragraph 4(b) hereof, as such payment may be adjusted as set forth in Paragraph 4(c) hereof.