Common use of Monthly Installments Clause in Contracts

Monthly Installments. During the Initial Period, consecutive monthly installments of interest only at the Interest Rate, each in the amount of Eight Hundred Fifty Six Thousand Seven Hundred Seventy and 83/100 Dollars (US $856,770.83), shall be payable on the First Payment Date and on the first day of every month thereafter to and including June 1, 2027. Thereafter, during the Adjustable Rate Period, consecutive monthly installments of principal and interest, each in the amount of the Required Monthly Payment (defined below), shall be payable on the first day of each month beginning on the first Payment Change Date until the entire unpaid principal balance evidenced by this Note is fully paid. The initial Required Monthly Payment shall be the amount required to amortize the unpaid principal balance of this Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. Thereafter, to the extent that the Adjusted Interest Rate has changed, the Required Monthly Payment shall change on each Payment Change Date, and shall be set to such amount required to amortize the unpaid principal balance of the Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. The amount of all Required Monthly Payments shall be calculated utilizing a 30/360 interest calculation payment schedule. Any remaining principal and interest, if not sooner paid, shall be due and payable on the Maturity Date. The unpaid principal balance shall continue to bear interest after the Maturity Date at the Default Rate until and including the date on which the Indebtedness is paid in full.

Monthly Installments. During the Initial Period, consecutive monthly installments of principal and interest only at the Interest Rate, each in the amount of Eight One Hundred Fifty Six Thousand Three Hundred Forty-Seven Hundred Seventy and 83/100 76/100 Dollars (US $856,770.83106,347.76), shall be payable on the First Payment Date and on the first day of every month thereafter to and including June December 1, 20272016. Thereafter, during the Adjustable Rate Period, consecutive monthly installments of principal and interest, each in the amount of the Required Monthly Payment (defined below), shall be payable on the first day of each month beginning on the first Payment Change Date until the entire unpaid principal balance evidenced by this Note is fully paid. The initial Required Monthly Payment shall be the amount required to amortize the unpaid principal balance of this Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. Thereafter, to the extent that the Adjusted Interest Rate has changed, the Required Monthly Payment shall change on each Payment Change Date, and shall be set to such amount required to amortize the unpaid principal balance of the Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. The amount of all Required Monthly Payments shall be calculated utilizing a 30/360 interest calculation payment schedule. Any remaining principal and interest, if not sooner paid, shall be due and payable on the Maturity Date. The unpaid principal balance shall continue to bear interest after the Maturity Date at the Default Rate until and including the date on which the Indebtedness is paid in full.

Monthly Installments. During the Initial Interest Only Period, consecutive monthly installments of interest only at the Interest Rate, each in the amount of Eight Hundred Fifty Six Thousand Seven Hundred Seventy Seventeen Thousand Five Hundred and 83/100 00/100 Dollars (US $856,770.83717,500.00), shall be payable on the First Payment Date and on the first day of every month thereafter to and including June September 1, 20272020. During the Principal and Interest Period, consecutive monthly installments of principal and interest at the Interest Rate, each in the amount of One Million One Hundred Four Thousand Six Hundred Forty Nine and 93/100 Dollars (US $1,104,649.93), shall be payable on the First Principal and Interest Payment Date and on the first day of every month thereafter to and including March 1, 2023. Thereafter, during the Adjustable Rate Period, consecutive monthly installments of principal and interest, each in the amount of the Required Monthly Payment (defined below), shall be payable on the first day of each month beginning on the first Payment Change Date until the entire unpaid principal balance evidenced by this Note is fully paid. The initial Required Monthly Payment shall be the amount required to amortize the unpaid principal balance of this Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. Thereafter, to the extent that the Adjusted Interest Rate has changed, the Required Monthly Payment shall change on each Payment Change Date, and shall be set to such amount required to amortize the unpaid principal balance of the Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. The amount of all Required Monthly Payments shall be calculated utilizing a 30/360 interest calculation payment schedule. Any remaining principal and interest, if not sooner paid, shall be due and payable on the Maturity Date. The unpaid principal balance shall continue to bear interest after the Maturity Date at the Default Rate until and including the date on which the Indebtedness is paid in full.

Monthly Installments. During Prior to the Initial Periodbeginning of each calendar year of the Term beginning with 1998, consecutive monthly installments or as soon as practicable thereafter, Landlord shall give Tenant written notice of interest only at Landlord's estimate of Tenant's PRO RATA share of Operating Expense Increases and Real Estate Tax Increases for the Interest Rate, each in the amount of Eight Hundred Fifty Six Thousand Seven Hundred Seventy and 83/100 Dollars (US $856,770.83), shall be payable on the First Payment Date and on ensuing year. On or before the first day of every month thereafter to and including June 1, 2027. Thereafter, during the Adjustable Rate Period, consecutive monthly installments of principal and interest, each in the amount of the Required Monthly Payment (defined below), shall be payable on the first 1st) day of each month beginning on during such ensuing calendar year, Tenant shall pay Landlord one-twelfth (1/12) of such estimated amounts, provided that until such notice is tendered to Tenant with respect to the first Payment Change Date until ensuing year, Tenant shall continue to pay any amount then currently payable pursuant to this Lease. Landlord shall, within the entire unpaid principal balance evidenced by this Note is fully paid. The initial Required Monthly Payment period of one hundred twenty (120) days after the close of each calendar year, provide Tenant a statement, which shall be a line item statement, certified by an officer of Landlord as true, correct and complete by Landlord, of such year's actual Base Year Operating Costs, Operating Costs, Base Year Real Estate Taxes and Real Estate Taxes and Tenant's PRO RATA share of Operating Expense Increases and Real Estate Tax Increases. In the amount required event Landlord fails to amortize the unpaid principal balance of this Note deliver such a statement in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. Thereafter, to the extent that the Adjusted Interest Rate has changed, the Required Monthly Payment shall change on each Payment Change Datea timely manner, and shall thereafter fail to deliver it within forty-five (45) days of written notice of such failure (and time shall be set of the essence), Landlord and Tenant expressly acknowledge and agree that Tenant shall not have any liability to Landlord with respect to such amount required to amortize the unpaid principal balance calendar year for any Operating Cost Increases or Real Estate Tax Increases in excess of the Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Periodpayments made during such calendar year that has elapsed. The amount of all Required Monthly Payments shall be calculated utilizing a 30/360 interest calculation payment schedule. Any remaining principal and interest, if not sooner paid, shall be due and payable If on the Maturity Datebasis of any such statement, Tenant owes an amount that is more than the estimated payments made during any year, Tenant shall pay the deficiency to Landlord within fifteen (15) business days after Tenant's receipt of such statement. The unpaid principal balance If Tenant owes an amount that is less than the estimated payments made during any year, Landlord shall continue to bear interest after credit such excess amount against the Maturity Date at the Default Rate until next payment(s) due from Tenant for Operating Expense Increases and including the date on which the Indebtedness is paid in fullReal Estate Tax Increases.

Monthly Installments. During the Initial Period, consecutive monthly installments of principal and interest only at the Interest Rate, each in the amount of Eight Hundred Fifty Six Thousand Seven Hundred Seventy twenty-four thousand nine hundred sixty-four and 83/100 26/100 Dollars (US $856,770.8324,964.26), shall be payable on the First Payment Date and on the first day of every month thereafter to and including June December 1, 20272016. Thereafter, during the Adjustable Rate Period, consecutive monthly installments of principal and interest, each in the amount of the Required Monthly Payment (defined below), shall be payable on the first day of each month beginning on the first Payment Change Date until the entire unpaid principal balance evidenced by this Note is fully paid. The initial Required Monthly Payment shall be the amount required to amortize the unpaid principal balance of this Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. Thereafter, to the extent that the Adjusted Interest Rate has changed, the Required Monthly Payment shall change on each Payment Change Date, and shall be set to such amount required to amortize the unpaid principal balance of the Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period. The amount of all Required Monthly Payments shall be calculated utilizing a 30/360 interest calculation payment schedule. Any remaining principal and interest, if not sooner paid, shall be due and payable on the Maturity Date. The unpaid principal balance shall continue to bear interest after the Maturity Date at the Default Rate until and including the date on which the Indebtedness is paid in full.