Common use of Payment Dates and Amounts Clause in Contracts

Payment Dates and Amounts. As set forth in greater detail in the Note, Borrower shall repay the HOME Loan, together with accrued interest at the Basic Rate in arrears, in annual installments on the 15th day of March of each calendar year for the previous fiscal year, commencing on March 15, 2012. Absent prepayment or acceleration, each of the annual payments due March 15, 2012 through and including March 15, 2067 (“Maturity Date”), which shall in no event be earlier than the maturity date of the HUD Capital Advance, shall be in an amount equal to fifty percent (50%) of “

Payment Dates and Amounts. As set forth in greater detail in the Note, Borrower shall repay the HOME Loan, together with accrued interest at the Basic Rate in arrears, in annual installments on the 15th day of March of each calendar year for the previous fiscal year, commencing on March 15, 20122011. Absent prepayment or acceleration, each of the annual payments due March 15, 2012 2011 through and including March 15, 2067 2051 (“Maturity Date”), which shall in no event be earlier than the maturity date of the HUD Capital Advance, shall be in an amount equal to fifty percent (50%) of “