Accrued Interest. From and after the Optional Prepayment Date, all interest accruing in respect of the Note in excess of the Interest Rate ("Accrued Interest") shall be deferred, be added to the Debt and, to the extent permitted by applicable law, accrue interest at the Revised Interest Rate, compounded monthly. All Accrued Interest and interest on Accrued Interest shall be due and payable on the Maturity Date.
Appears in 3 contracts
Samples: Loan Agreement (Prime Group Realty Trust), Loan Agreement (Prime Group Realty Trust), Loan Agreement (Prime Retail Lp)
Accrued Interest. From and after the Optional Prepayment Reset Date, all interest accruing in respect of on the Note in excess of the Interest Rate ("Accrued Interest") shall be deferred, be added to the portion of the Debt evidenced by such Note and, to the extent permitted by applicable law, accrue interest at the Revised Interest Rate, compounded monthly. All Accrued Interest and interest on Accrued Interest shall be due and payable on the Maturity Date.
Appears in 2 contracts
Samples: Loan Agreement (Banyan Strategic Realty Trust), Loan Agreement (Banyan Strategic Realty Trust)
Accrued Interest. From and after the Optional Prepayment Date, all interest accruing in respect of the Note in excess of the Interest Rate ("Accrued Interest") shall shall, to the extent not paid, be deferred, be added to the Debt and, to the extent permitted by applicable law, accrue interest at the Revised Interest Rate, compounded monthly. All Accrued Interest and interest on Accrued Interest shall be due and payable on the Maturity Date.
Appears in 2 contracts
Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl)
Accrued Interest. From and after the Optional Prepayment ---------------- Date, all interest accruing in respect of the Note unpaid Principal in excess of the Interest Rate ("Accrued InterestACCRUED INTEREST") shall shall, to the extent not paid, be deferred, be added to the Debt and, to the extent permitted by applicable law, accrue interest at the Revised Interest Rate, compounded monthly. All Accrued Interest and interest on Accrued Interest shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Loan Agreement (Saul Centers Inc)
Accrued Interest. From and after the Optional Prepayment Date, all interest accruing in respect of the Note unpaid Principal in excess of the Interest Rate ("Accrued Interest") shall shall, to the extent not paid, be deferred, be added to the Debt each month and, to the extent permitted by applicable law, accrue interest at the Revised Interest Rate, compounded monthly. All Accrued Interest and interest on Accrued Interest shall be due and payable on the Maturity Date.
Appears in 1 contract
