Common use of Scheduled Repayment Clause in Contracts

Scheduled Repayment. 2.7.1 The Borrower shall repay the principal amount of the Loan to the Lender in Dollars on the dates and in the amounts set forth in Schedule 2.7.1 (the “Repayment Schedule”) together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. 2.7.2 If any date on which a repayment is due by the Borrower to the Lender pursuant to this Section 2.7 is not a Business Day, such payment shall be due on the next succeeding Business Day. 2.7.3 If applicable, the Lender shall adjust the Repayment Schedule to reflect second, third, fourth or fifth Notice of Disbursement, as the case may be, provided however that any such adjustment only affect the interest portion of the repayments. The principal repayments shall be maintained as the original Repayment Schedule (the “Adjusted Repayment Schedule”).