Payment Dates and Amounts. The payment required on each Loan shall be payable in arrears on each month for such Loan by the 28th of the month and on the Maturity Date. With respect to any Land Loan, the payment required shall be interest only. With respect to any Pledged Note Loan, the payment required shall be principal and interest and calculated using an amortization schedule that matches the remaining term of the relevant Collateral being pledged to secure such Pledged Note Loan.
Appears in 2 contracts
Sources: Revolving Credit Agreement, Revolving Credit Agreement