Borrower’s Options. Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower’s selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual Rate or (ii) LIBO Rate plus the Applicable Margin. Borrower’s right to select pricing options shall cease upon the occurrence and during the continuation of any Event of Default.
Appears in 10 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)
Borrower’s Options. Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower’s 's selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual Variable Rate or (ii) Effective LIBO Rate plus the Applicable Margin. Borrower’s right to select pricing options shall cease upon the occurrence and during the continuation of any Event of DefaultRate.
Appears in 4 contracts
Samples: Loan Agreement (Newkirk Master Lp), Loan Agreement (Shelbourne Properties I Inc), Loan Agreement (Kramont Realty Trust)
Borrower’s Options. Principal amounts outstanding under the Loan Facility shall bear interest at the following rates, at Borrower’s selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual Variable Rate or (ii) LIBO Rate plus the Applicable Margin. Borrower’s right to select pricing options shall cease upon the occurrence and during the continuation of any Event of DefaultAdjusted LIBOR Rate.
Appears in 3 contracts
Samples: Term Loan Agreement (Hines Real Estate Investment Trust Inc), Credit Agreement (Hines Real Estate Investment Trust Inc), Term Loan Agreement (Hines Real Estate Investment Trust Inc)
Borrower’s Options. Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower’s selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual Variable Rate or (ii) Effective LIBO Rate plus the Applicable Margin. Borrower’s right to select pricing options shall cease upon the occurrence and during the continuation of any Event of DefaultRate.
Appears in 3 contracts
Samples: Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Cedar Shopping Centers Inc)
Borrower’s Options. Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower’s selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual plus the Applicable Margin, (ii) the Daily Simple SOFR Rate plus the Applicable Margin, or (ii) LIBO the Term SOFR Rate plus the Applicable Margin. BorrowerXxxxxxxx’s right to select pricing options shall cease upon the occurrence and during the continuation of any Event of Default.
Appears in 2 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)
Borrower’s Options. Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower’s selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual Rate plus the Applicable Margin or (ii) LIBO Rate plus the Applicable Margin. Borrower’s right to select pricing options shall cease upon the occurrence and during the continuation of any Event of Default.
Appears in 2 contracts
Samples: Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Cedar Shopping Centers Inc)
Borrower’s Options. Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower’s 's selection, subject to the conditions and limitations provided for in this AgreementNote: (i) the Base Rate Accrual Rate Variable Rate, or (ii) LIBO Rate plus the Applicable Margin. Borrower’s right to select pricing options shall cease upon the occurrence and during the continuation of any Event of DefaultLIBOR Based Rate.
Appears in 1 contract
Samples: Loan Agreement (Techprecision Corp)
Borrower’s Options. Principal amounts outstanding under the Revolving Loan shall bear interest at the following rates, at Borrower’s 's selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual plus the Applicable Margin for Base Rate Advances or (ii) LIBO Rate plus the Applicable MarginMargin for LIBO Rate Advances. Borrower’s 's right to select pricing options shall cease upon the occurrence and during the continuation of any Event of Default.
Appears in 1 contract
Samples: Revolving Credit Agreement (Mid America Apartment Communities Inc)
Borrower’s Options. Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower’s 's selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual Rate Variable Rate, or (ii) LIBO Rate plus the Applicable Margin. Borrower’s right to select pricing options shall cease upon the occurrence and during the continuation of any Event of DefaultAdjusted Libor Rate.
Appears in 1 contract
