Applicable Interest Rate. Subject to the terms and conditions of this Section, the Loan shall accrue interest throughout the Term at the Applicable Interest Rate during each Interest Period. Borrower shall pay to Lender on each Monthly Payment Date the interest accrued or to be accrued on the Loan for the related Interest Period.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.), Loan Agreement (Hospitality Investors Trust, Inc.)
Applicable Interest Rate. Subject to the terms and conditions of this Section, interest on the Loan Outstanding Principal Balance shall accrue interest throughout the Term at the Applicable Interest Rate during each Interest PeriodRate. Borrower shall pay to Lender on each Monthly Payment Date the interest accrued or to be accrued on the Loan for the related Interest Period.
Appears in 2 contracts
Samples: Mezzanine B Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine a Loan Agreement (Hospitality Investors Trust, Inc.)
