Monthly Interest Payment shall have the meaning set forth in Section 2.3.1 hereof.

Monthly Interest Payment is defined in Section 5A.4(c)(v).

Examples of Monthly Interest Payment in a sentence

Interest accrued on the Bonds (or the applicable portion of the Bonds if the Bonds then bear interest at a Flexible Term Rate) shall be paid on each Interest Payment Date (or, if such day is not a Business Day, the immediately succeeding Business Day) commencing on the earlier of the first Monthly Interest Payment Date following the Issue Date or the first Conversion Date.
Thereafter, commencing on April 1, 2016 ("First Payment Due Date") and on the first (1st) day of each month thereafter (each a "Payment Due Date") until all principal and interest and other amounts due under the Loan Documents are paid in full, Borrower shall pay to Lender monthly payments of interest only in an amount equal to the monthly interest accrued on the Loan for the preceding Interest Period at the applicable Interest Rate (each a "Monthly Interest Payment").

More Definitions of Monthly Interest Payment

Monthly Interest Payment is defined in Section 5A.3(b).

Monthly Interest Payment means the amount of interest paid on a Payment Date for the preceding Interest Period based on interest calculated for such preceding Interest Period at the Monthly Interest Rate.

Monthly Interest Payment means, as of any Distribution Date, one-twelfth of the product of the Pass-Through Rate and the Certificate Balance as of the close of business on the prior Distribution Date or, in the case of the first Distribution Date, the Certificate Balance as of the Closing Date.

Monthly Interest Payment is defined in paragraph (iv) of Section 2.10.

Monthly Interest Payment has the meaning assigned to such term in Section 2.02 of this Agreement.

Monthly Interest Payment has the meaning ascribed to it in SECTION 2.4.4.(b) hereof.