Common use of Monthly Interest Payments Clause in Contracts

Monthly Interest Payments. Commencing on the twentieth day of ------------------------- the first month following the Closing, and continuing on the first day of each subsequent month through June, 1998, the Borrower shall make monthly Interest payments from sources other than License Payments and exploitation of the Products. Interest on the Undisputed Principal shall be paid directly to the Bank. Interest on the full amount of the fees and costs as asserted by the Bank as of the Closing shall be paid into a separate account maintained at the Bank and designated as the "Interest Impound Account" pending the determination of the Supplemental Principal amount under section 2.3 hereof.