Tranche A. Payments of principal of Tranche A shall commence on the first day of the first month immediately following the Initial Disbursement Date, and continue on the first day of each and every month thereafter. The monthly payment for Tranche A shall be made in 72 equal monthly payments in the amount of $2,730.00 monthly payments. Such payments shall fully amortize the Loan over seventy-two (72) months; provided, however, the entire remaining unpaid balance of principal shall be due and payable in full on August 1, 2022.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement