Calculation Basis. Interest due on the Loan shall be paid in arrears, calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.
Appears in 9 contracts
Sources: Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Independence Realty Trust, Inc)
Calculation Basis. Interest due on the Loan shall be paid in arrears, calculated based on a 360-day year paid in arrears and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.
Appears in 1 contract
Calculation Basis. Interest due on the Loan shall be paid in arrears, arrears and calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or in such partial month in which interest is being calculatedby a daily rate calculated on said 360-day year.
Appears in 1 contract
Sources: Loan Agreement (Corporate Property Associates 16 Global Inc)