Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.
Monthly Payment Amount means the monthly payment of interest due on each Scheduled Payment Date as set forth in Section 2.2(b) hereof.
Monthly Payment Amount means the sum of (A) from and including the First Payment Date through the Maturity Date, an amount equal to the interest payable under this Note on the portion allocated as Fixed Rate Tranche A at the Fixed Interest Rate in the amounts for each such Payment Date set forth on Annex 1 attached hereto and incorporated herein by this reference or as provided by Payee to Maker in connection with the initial Fixed Interest Rate Interest Period, plus (B) through and until Floating Rate Tranche B is satisfied, an amount equal to the interest payable under this Note on the portion allocated as Floating Rate Tranche B at the LIBOR-Based Rate pursuant to the provisions of Section 1.2 hereof. Annex 1 is for reference purposes only and any payment incorrectly referenced thereon or omitted therefrom shall not limit or reduce Maker's obligations for actual amounts due under this Note in accordance with its payment terms, and Maker agrees that Payee may substitute a replacement Annex 1 in the event the attached does not accurately reflect Maker's scheduled payment obligations.
Examples of Monthly Payment Amount in a sentence
Monthly payments, each in the applicable Monthly Payment Amount, shall commence on the First Monthly Payment Amount Due Date and continue on each Due Date thereafter.
Borrower acknowledges that the applicable Monthly Payment Amount is determined on an Actual/360 Basis.
The “Debt Service Coverage Ratio” shall be calculated by dividing the monthly cash flow for the Property by the Monthly Payment Amount for the corresponding period.
No partial prepayment of this Note shall change any Due Date or the method of calculation of the Monthly Payment Amount, unless Lender otherwise agrees in writing.
The Monthly Payment Amount shall be applied to Note X-0, Xxxx X-0, and Note A-3 on a pari passu basis.
More Definitions of Monthly Payment Amount
Monthly Payment Amount means the sum of the Principal Amount and the monthly interest payment calculated by Lender on the sixth (6th) calendar day of each month (or the next succeeding Business Day after such sixth (6th) calendar day if such calendar day is not a Business Day) by Lender based on the Note Rate in effect on such date.
Monthly Payment Amount shall have the meaning given to such term in the Note.
Monthly Payment Amount shall have the meaning set forth in the Note.
Monthly Payment Amount means the monthly interest accrued on the Loan for the preceding Interest Accrual Period.
Monthly Payment Amount shall have the meaning ascribed in Article 6.3(a) hereof.
Monthly Payment Amount means, with respect to the Mortgage Loan as of any Due Date, (i) the scheduled amount of interest or (ii) during an Amortization Period, principal and interest, that is payable by the Borrowers on such Due Date under the terms of the Mortgage Notes (as such terms may be changed or modified in connection with a bankruptcy, insolvency or similar proceeding involving a Borrower or by reason of a modification, waiver or amendment granted or agreed to by the Servicer pursuant to Section 3.20).
Monthly Payment Amount means the sum of the Principal Amount and the monthly interest payment calculated by Lendex xx xhe sixth (6th) calendar day of each month (or the next succeeding Business Day after such sixth (6th) calendar day if such calendar day is not a Business Day) by Lender based on the Note Rate in effect on such date.