Common use of Regular Payments Clause in Contracts

Regular Payments. Principal and interest shall be payable as follows: (a) Interest from and including the Funding Date to December 15, 2005, shall be due and payable on the Funding Date. (b) Principal and interest shall be paid in one hundred twenty (120) monthly installments of Four Hundred Sixty-One Thousand Seven Hundred Eighty-Eight and 63/100 Dollars ($461,788.63) each, commencing on January 15, 2006, and continuing on the fifteenth (15th) day of each succeeding month to and including December 15, 2015. Each payment due date under Paragraphs 1(b) and 1(c) of this Note is referred to as a “Due Date”. (c) The entire Obligations shall be due and payable on December 15, 2015 (“Maturity Date”). “Maturity” shall mean the Maturity Date or earlier date that the Obligations may be due and payable by acceleration by ▇▇▇▇▇▇ as provided in the Documents.

Appears in 1 contract

Sources: Promissory Note (Pennsylvania Real Estate Investment Trust)

Regular Payments. Principal and interest shall be payable as follows: (a) Interest from and including the Funding Date to December 15July 5, 20052010, shall be due and payable on the Funding Date. (b) Principal and interest shall be paid in one hundred twenty (120) monthly installments of Four Eight Hundred Sixty-One Thousand Seven Hundred EightyTwenty-Eight Thousand Six Hundred and 63/100 30/100 Dollars ($461,788.63828,600.30) each, commencing on January 15August 5, 20062010, and continuing on the fifteenth fifth (15th5th) day of each succeeding month to and including December 15July 5, 20152020. Each payment due date under Paragraphs 1(b) and 1(c) of this Note is referred to as a “Due Date”. (c) The entire Obligations shall be due and payable on December 15July 5, 2015 2020 (“Maturity Date”). “Maturity” shall mean the Maturity Date or earlier date that the Obligations may be due and payable by acceleration by ▇▇▇▇▇▇ as provided in the Documents.

Appears in 1 contract

Sources: Promissory Note (Pennsylvania Real Estate Investment Trust)

Regular Payments. Principal and interest shall be payable as follows: (a) Interest from and including the Funding Date to December 15April 5, 2005, 2011 shall be due and payable on the Funding Date. (b) Principal and interest shall be paid in one hundred twenty eighty (120180) monthly installments of Seven Hundred Fifty-Three Thousand Four Hundred Sixty-One Thousand Seven Hundred Eighty-Eight Ninety and 63/100 96/100 Dollars ($461,788.63753,490.96) each, commencing on January 15May 5, 2006, 2011 and continuing on the fifteenth fifth (15th5th) day of each succeeding month to and including December 15April 5, 20152026. Each payment due date under Paragraphs 1(b) and 1(c) of this Note is referred to as a “Due Date.. (c) The entire Obligations shall be due and payable on December 15April 5, 2015 2026 (“Maturity Date”). “Maturity” shall mean the Maturity Date or earlier date that the Obligations may be due and payable by acceleration by ▇▇▇▇▇▇ as provided in the Documents.

Appears in 1 contract

Sources: Promissory Note (Saul Centers Inc)