Monthly Interest Payment Amount definition

Monthly Interest Payment Amount means, with respect to any Payment Date, the aggregate of the Interest Payment Amounts with respect to each Advance for such Payment Date, in each case together with any related Interest Carryover Shortfall for such Payment Date and such Advance.

Monthly Interest Payment Amount means, with respect to any Payment Date, an amount equal to all accrued and unpaid interest on the Loan as of the end of the immediately preceding Interest Accrual Period.

Monthly Interest Payment Amount. 2.2.1 "Moody's" - 1.1 (Definition of Rating Agency) "Mortgage" - 1.1 (Definition of Loan Documents) "New Payment Date" - 2.

Examples of Monthly Interest Payment Amount in a sentence

• With respect to the foregoing 5 day grace period, the parties agree that such 5 day grace period shall only be applicable no more than twice during the Term and in all other instances, the Late Payment Charge shall be payable in accordance with this Section 6 with respect to if any Monthly Debt Service Payment Amount or Monthly Interest Payment Amount which is not paid by Maker on the date which the same is due.

• On July 6, 2005 and on each Payment Date thereafter through and including the Payment Date immediately preceding the Amortization Commencement Date, Borrower shall make a monthly payment of interest on the unpaid Principal accrued at the Interest Rate during the Interest Period immediately preceding such Payment Date (the "Monthly Interest Payment Amount").

• With respect to the foregoing 5 day grace period, the parties agree that such 5 day grace period shall only be applicable no more than twice during the Term and in all other instances, the Late Payment Charge shall be payable in accordance with this Section 6 with respect to, if any, Monthly Debt Service Payment Amount or Monthly Interest Payment Amount which is not paid by Maker on the date which the same is due.

• The Monthly Interest 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 Interest Payment Amount, if any, shall be applied to the reduction of the unpaid Principal.

• The Monthly Interest Payment Amount shall be applied to accrued and unpaid interest.

More Definitions of Monthly Interest Payment Amount

Monthly Interest Payment Amount means an amount equal to interest only on the outstanding principal balance of the Project Loan, calculated in accordance with Section 2.2 hereof.

Monthly Interest Payment Amount. 2.2.1 "MOODY'S" - 1.1 (Definition of Rating Agency) "MORTGAGE" - 1.1 (Definition of Loan Documents) "NEW PAYMENT DATE" - 2.2.4 "NOTE" - 1.1 (Definition of Loan Documents) "NOTICE" - 6.1 "OPERATING EXPENSE SUBACCOUNT" - 3.6 "PERMITTED INDEBTEDNESS" - 5.22 "PERMITTED INVESTMENTS" - Deposit Account Agreement "PERMITTED PREPAYMENT DATE" - 2.3.4 "POLICIES" - 7.1.2 "PREEO" - 3.12 "PREEO FUNDS" - 3.12 "PREEO LEASE" - 3.12 "PRINCIPAL" - 2.1 "PROCEEDS" - 7.2.2 "PROPOSED MATERIAL LEASE" - 5.

Monthly Interest Payment Amount. With respect to each Payment Date on or prior to a date on which a Conversion Event occurs, the lesser of (I) the sum of (A) the product of (i) a fraction, the numerator of which is the number of days in the related Regular Interest Accrual Period and the denominator of which is 360, (ii) the Maximum Note Interest Rate as of the related Determination Date and (iii) the Average Aggregate Note Principal Balance for such Regular Interest Accrual Period plus (B) for each Additional Note Principal Balance for which the related Advance Date occurred on or after the second preceding Determination Date and prior to the Payment Date immediately following such second preceding Determination Date (the "prior Payment Date"), interest accrued on such Additional Principal Balance at the Maximum Note Interest Rate for the period from such Advance Date to the day immediately preceding such prior Payment Date and (II) the sum of (A) for each Additional Note Principal Balance for which the related Advance Date occurred on or after the second preceding Determination Date and prior to the related Determination Date, (x) the sum of the related Additional Note Principal Balance Daily Interest Accrual Amounts for each day in such Additional Note Principal Balance Interest Accrual Period minus (y) the amount of any accrued interest on such Additional Note Principal Balance which has been paid or deposited in the Note Principal Prepayment Account in connection with a Note Principal Prepayment pursuant to Section 11.02 plus (B) (x) the sum of the related Prior Payment Date Note Principal Balance Daily Interest Accrual Amounts for each day in the related Regular Interest Accrual Period minus (y) the amount of any accrued interest on such Prior Payment Date Note Principal Balance which has been paid or deposited in the Note Principal Prepayment Account in connection with a Note Principal Prepayment pursuant to Section 11.02. With respect to the first Payment Date following the date on which a Conversion Event occurs, the sum of (i) for each Additional Note Principal Balance for which the related Advance Date occurred on or after the second preceding Determination Date and prior to the Payment Date immediately following such second preceding Determination Date, the sum of the related Additional Note Principal Balance Daily Interest Accrual Amounts for each day from such Advance Date to the day immediately preceding the day on which such Conversion Event occurred, plus (ii) the sum of ...

Monthly Interest Payment Amount. 2.2.1 "MOODY'S" - 1.1 (Definition of Rating Agency) "MORTGAGE" - 1.1 (Definition of Loan Documents) "NEW PAYMENT DATE" - 2.2.4 "NOTE" - 1.1 (Definition of Loan Documents) "NOTICE" - 6.1 "OPERATING EXPENSE SUBACCOUNT" - 3.6 "PERMITTED INDEBTEDNESS" - 5.22

Monthly Interest Payment Amount. 2.3.1 “Monthly Rollover Deposit” – 6.6.1(a) “Net Proceeds” - 5.4(b) “Net Proceeds Deficiency” - 5.4(b)(vi) “New Mezzanine Loan” - 9.3.2

Monthly Interest Payment Amount means, for each Interest Accrual Period, the aggregate interest due and payable on amounts owing under the Components for such Interest Accrual Period at the applicable Interest Rates (except that interest shall be payable on amounts owing under each Component, including due but unpaid interest, at the Default Rate with respect to any portion of such Interest Accrual Period falling during the continuance of an Event of Default, in which case the "Monthly Interest Payment Amount" shall be increased by the aggregate amount of Default Interest accrued on such amounts owing under the Components during the applicable Interest Accrual Period).

Monthly Interest Payment Amount. 2.3.1 “Net Proceeds” - 5.4(b) “Net Proceeds Deficiency” - 5.4(b)(vi)