Common use of Amortization Schedules Clause in Contracts

Amortization Schedules. The Loan Certificates shall amortize monthly in the manner provided in Annex A attached hereto. In the event that the Term under the Lease is extended pursuant to Section 19(a)(1) thereof and as a result thereof the Maturity Date hereunder is extended (as provided in the definition thereof) (the period of extension of the Maturity Date being referred to as the “Extension Period”), Annex A shall be amended to provide that on the original Maturity Date and thereafter during the Extension Period, all Basic Rent payable under the Lease shall first be applied to interest payable on the Loan with any balance thereafter being used to reduce outstanding principal on the Loan. The Participants shall provide Borrower with a revised Annex A (together with revised Amortization Schedules for each Loan Certificate) in connection with such extension and such revised Annex A and Amortization Schedules for all purposes hereof constitute Annex A and the applicable Amortization Schedule, absent manifest error.