Repayment. Borrower shall repay the Term Loan in # thirty-six (36) equal installments of principal, plus # monthly payments of accrued interest (the Term Loan Payment) commencing on January 1, 2016 and continuing on the first day of each month thereafter through the Term Loan Maturity Date. Borrowers final Term Loan Payment, due on the Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Term Loan. Once repaid, the Term Loan may not be reborrowed.
Repayment. Borrower shall repay theThe Refinancing Term Loan shall be interest only through April 30, 2017, with interest due and payable in accordance with [Section 2.3(f)] hereof. Thereafter, the Refinancing Term Loan shall be payable in # thirty-thirty six (36) consecutive equal monthly installments of principal,principal in the amount of Two Hundred Seventy Seven Thousand Seven Hundred Seventy Seven and 78/100 Dollars ($277,777.78), plus # monthly payments of accrued and unpaid interest (the Term Loan PaymentPayments) commencing, beginning on JanuaryMay 1, 20162017, and continuing on the firstsame day of each month thereafter through the Refinancing Term Loan Maturity Date. Borrowers final Term Loan Payment, due on the Refinancing Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Refinancing Term Loan. Once repaid, the Refinancing Term Loan may not be reborrowed.
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