Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.
Monthly Debt Service Payment Amount means on each Monthly Payment Date through and including the Maturity Date, an amount equal to the interest accruing on the Outstanding Principal Balance at the Applicable Interest Rate (or at the Default Rate, as applicable) for the immediately preceding Interest Period, which interest shall be calculated in accordance with Section 2.2.
Monthly Debt Service Payment Amount shall have the meaning set forth in Section 2.3.2 hereof.
Examples of Monthly Debt Service Payment Amount in a sentence
Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the Outstanding Loan Amount for the initial Interest Period and (b) on the Payment Date occurring in September, 2024, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount.
Borrower shall make a payment to Lender of interest and, to the extent applicable, principal 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.
More Definitions of Monthly Debt Service Payment Amount
Monthly Debt Service Payment Amount means a constant monthly payment of $160,378.49.
Monthly Debt Service Payment Amount means the amount of interest and the Scheduled Amortization Payment due and payable on each Payment Date, pursuant to the Note and Section 2.2 hereof.
Monthly Debt Service Payment Amount shall have the meaning assigned to such term or an analogous term in the Loan Agreement.
Monthly Debt Service Payment Amount. The monthly payment of interest and principal, if any, required to be made by the Borrower on the Trust Loan in the amount set forth in the Loan Agreement.
Monthly Debt Service Payment Amount means a monthly payment amount of equal to the Debt Service payable with respect to the applicable month.
Monthly Debt Service Payment Amount means an amount equal to the interest which has accrued on the Loan through the end of the Accrual Period ending on the day immediately preceding the related Payment Date.
Monthly Debt Service Payment Amount means an amount equal to $62,291.25