Stabilization Date Payment Date definition

Examples of Stabilization Date Payment Date in a sentence

• On the Stabilization Date Payment Date, regardless of the amount of the Recalculated Loan Amount, Lender shall have the option in Lender's reasonable discretion to change the amortization schedule and to decrease the Loan Amount (after giving effect to the resizing in Section 8.32) in consideration for which Lender will agree to pay Borrower a buy-up payment.

• This Guaranty and all obligations and liabilities of Guarantor hereunder will be cancelled on the date on which the Difference plus any applicable hedging or interest rate management brokerage costs incurred by Lender on the Stabilization Date Payment Date are paid to Lender; provided, however, that this Guaranty shall be reinstated and remain in full force and effect for so long as such payment may be voided or rescinded in bankruptcy proceedings as a preference or for any other reason.

• Any failure by Borrower to pay Lender the Actual Prepayment Amount and any applicable hedging or interest rate management breakage costs incurred by Lender on the Stabilization Date Payment Date shall constitute an immediate Event of Default.

• If the Borrower prepays the Actual Prepayment Amount on the Stabilization Date Payment Date, Borrower shall also pay to Lender on the Stabilization Date Payment Date any applicable hedging or interest rate management breakage costs incurred by Lender (but not a Yield Maintenance Premium).

• On each Payment Date commencing on the Payment Date immediately following the Stabilization Date Payment Date, Borrower shall pay to Lender a monthly constant payment of principal and interest, which payment shall be based on the Initial Interest Rate and an amortization schedule equal to the number of months from the Stabilization Date to the Maturity Date (calculated on the basis of a calendar year consisting of twelve thirty day months).

• In addition to all other amounts due Lender, Borrower shall pay to Lender, in addition to any amounts set forth in the first paragraph of Section 8.32(c) above, on the ------- ------- Stabilization Date Payment Date, (x) an amount equal to any applicable hedging or interest rate management breakage costs incurred by Lender, and (y) a fee equal to two percent (2%) of the Class B Amount.

• It is the ------------------------------------------- intent of the parties hereto that on the Stabilization Date Payment Date the Principal Indebtedness shall be rolled up into the First Mortgage Loan, the First Mortgage Loan Documents amended to reflect such rollup and the recorded Mezzanine Loan Documents released such that there is one loan to the Borrower in Aggregate Principal Indebtedness, as reduced or increased pursuant to the terms of Section 8.32 of the First Mortgage Loan Agreement.

• If the Borrower prepays the Actual Prepayment Amount on the Stabilization Date Payment Date, Borrower shall also pay to Lender on the Stabilization Date Payment Date any hedging losses and breakage fees incurred by Lender.

• Before the Stabilization Date Payment Date, interest shall accrue on the outstanding principal balance of the Note and all other amounts due to Lender under the Loan Documents at the Initial Interest Rate.

• Notwithstanding the foregoing, it is the intent of the parties that on the Stabilization Date Payment Date the Mezzanine Loan will be rolled up into the First Mortgage Loan as described in Section ------- 8.