Common use of Interest Only Payments Clause in Contracts

Interest Only Payments. Borrower shall make monthly payments of interest only commencing on the first Payment Date following the first Funding Date, and on each Payment Date thereafter prior to the Amortization Date. Borrower agrees to pay, on the first Payment Date for each Term Loan, any initial partial monthly interest payment otherwise due for the period between the Funding Date of such Term Loan and the first Payment Date after such Funding Date.

Interest Only Payments. Borrower shall make monthly payments of interest only commencing on the first Payment Date following the first Funding Effective Date, and on each Payment Date thereafter prior to the Amortization Date. Borrower agrees to pay, on the first Payment Date for each Term Loan, any initial partial monthly interest payment otherwise due for the period between the Funding Date of such Term Loan and the first Payment Date after such Funding Date.

Interest Only Payments. Borrower shall make monthly payments of interest only commencing on the first Payment Date following the first Funding DateDate of each Term Loan, and on each Payment Date thereafter prior to the Amortization Date. Borrower agrees to pay, on the first Payment Date for following the Funding Date of each Term Loan, any initial partial monthly interest payment otherwise due for the period between the Funding Date of such Term Loan and the first Payment Date after following such Funding Date.