Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f).
Appears in 34 contracts
Samples: Loan Agreement, Loan Agreement (Caesars Acquisition Co), Loan Agreement (Harrahs Entertainment Inc)
Determination of Interest Rate. (ai) The Applicable Interest Rate with respect to the Loan shall be: (iA) the LIBOR plus the Spread Rate with respect to the applicable Interest Accrual Period for a LIBOR Loan or (iiB) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions hereof. Notwithstanding any provision of Section 2.2.3(c) or Section 2.2.3(f)this Agreement to the contrary, in no event shall Borrower have the right to convert a LIBOR Loan to a Prime Rate Loan.
Appears in 13 contracts
Samples: Mezzanine a Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Mezzanine B Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f)(f) hereof.
Appears in 7 contracts
Samples: First Mezzanine Loan Agreement (Morgans Hotel Group Co.), Second Mezzanine Loan Agreement (Morgans Hotel Group Co.), Third Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC)
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f(f).
Appears in 6 contracts
Samples: Mezzanine Loan Agreement (Capitalsource Inc), Loan Agreement (Capitalsource Inc), Loan Agreement (FelCor Lodging Trust Inc)
Determination of Interest Rate. (ai) The Applicable Interest Rate with respect to the Loan shall be: (iA) the LIBOR plus the Spread Rate with respect to the applicable Interest Accrual Period for a LIBOR Loan, (B) the Alternate Rate with respect to the applicable Interest Accrual Period if the Loan is an Alternate Rate Loan, or (iiC) the Prime Rate plus with respect to the Prime Rate Spread for a Prime Rate Loan applicable Interest Accrual Period if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f)Loan.
Appears in 3 contracts
Samples: Mezzanine B Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Mezzanine a Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) the LIBOR plus the Spread Rate with respect to the applicable Interest Period for a LIBOR Loan or Loan, (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions hereof or (iii) when applicable pursuant to this Agreement, the Default Rate. Notwithstanding any provision of Section 2.2.3(c) or Section 2.2.3(f)this Agreement to the contrary, in no event shall Borrower have the right to convert a LIBOR Loan to a Prime Rate Loan.
Appears in 2 contracts
Samples: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.), Building Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Determination of Interest Rate. (ai) The Applicable Interest Rate with respect to the Loan shall be: (iA) the LIBOR plus the Spread Rate with respect to the applicable Interest Accrual Period for a LIBOR Loan or (iiB) the Prime Base Rate plus the Prime Rate Spread for a Prime Base Rate Loan if the Loan is converted to a Prime Base Rate Loan pursuant to the provisions hereof. Notwithstanding any provision of Section 2.2.3(c) or Section 2.2.3(f)this Agreement to the contrary, in no event shall Borrower have the right to convert a LIBOR Loan to a Base Rate Loan.
Appears in 2 contracts
Samples: Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.)
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Accrual Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c2.2.3 (c) or Section 2.2.3(f(f).
Appears in 2 contracts
Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan each Component shall be: (i) LIBOR plus the Reduced Acquisition Loan Spread or the Construction Loan Spread, as applicable, with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the applicable Prime Rate Spread for a Prime Rate Loan if the Loan is applicable Component(s) is/are converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f)(f) hereof.
Appears in 2 contracts
Samples: Loan Agreement (Hard Rock Hotel Holdings, LLC), Loan Agreement (Hard Rock Hotel Holdings, LLC)
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Applicable Spread with respect to the applicable Interest Accrual Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f(f).
Appears in 1 contract
Determination of Interest Rate. (ai) The Applicable Interest Rate with respect to the Loan this Note shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan Libor Indebtedness or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan Indebtedness if the Loan Note Indebtedness is converted to a Prime Rate Loan Indebtedness pursuant to the provisions of Section 2.2.3(c2.1(c)(iii) or Section 2.2.3(f(vi).
Appears in 1 contract
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) 2.2.3 c or Section 2.2.3(f(f).
Appears in 1 contract
Samples: Loan Agreement (Koger Equity Inc)
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Applicable Spread with respect to the applicable Interest Accrual Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c2.2.3 (c) or Section 2.2.3(f(f).
Appears in 1 contract
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: be (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan Loan, or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(cSections 2.2.3 (c) or Section 2.2.3(f(f).
Appears in 1 contract
Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan Loan; or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c2.2.3 (c) or Section 2.2.3(f(f).
Appears in 1 contract
Determination of Interest Rate. (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or (f) hereof, subject in both of the foregoing instances to the terms of Section 2.2.3(f)5.2.11(b)(ii) hereof.
Appears in 1 contract
Determination of Interest Rate. (ai) The Applicable Interest Rate with respect to the Loan shall be: (iA) the LIBOR plus the Spread Rate with respect to the applicable Interest Accrual Period for each Tranche of a LIBOR Loan or (iiB) the Prime Base Rate plus the Prime Rate Spread for a Prime Base Rate Loan if the Loan is converted to a Prime Base Rate Loan pursuant to the provisions hereof. Notwithstanding any provision of Section 2.2.3(c) or Section 2.2.3(f)this Agreement to the contrary, in no event shall Borrower have the right to convert a LIBOR Loan to a Base Rate Loan.
Appears in 1 contract
Samples: Loan Agreement (Alexanders Inc)
