Determination of Interest Rate. 1.%2.%3.%4. Subject to the terms and conditions of this Section 2.2.3, the Loan shall bear interest at the Floating Interest Rate. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September 14, 2013 shall be 0.1820 %.
Appears in 3 contracts
Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.), Senior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.), Loan Agreement (Ashford Hospitality Prime, Inc.)
Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.32.2.4, the Loan shall bear interest at the Floating Interest Rate. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September 14January 19, 2013 2017 shall be 0.1820 seven hundred thirty-seven thousandths percent (0.737%).
Appears in 2 contracts
Samples: Loan Agreement (New York REIT, Inc.), Mezzanine Loan Agreement (New York REIT, Inc.)
Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.32.2.5, the Loan Note shall bear interest at the Floating Interest Rate. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender Administrative Agent as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September August 14, 2013 2015 shall be 0.1820 nineteen hundredths of one percent (0.19%).
Appears in 2 contracts
Samples: Loan Agreement (Excel Trust, L.P.), Loan Agreement (Excel Trust, L.P.)
Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.3, the Loan shall bear interest at the Floating Interest Rate. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September 14December 31, 2013 2002 shall be 0.1820 two percent (2.0%).
Appears in 2 contracts
Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.), Property Management Agreement (Sunstone Hotel Investors, Inc.)
Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.3, the Loan shall bear interest at the Floating Interest Rate. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September March 14, 2013 shall be 0.1820 0.2030%.
Appears in 2 contracts
Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc)
Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.3, each Component of the Loan shall bear interest at the Floating Interest RateRate applicable to such Component. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September March 14, 2013 shall be 0.1820 0.2030%.
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Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.32.2.5, the Loan Note shall bear interest at the Floating Interest Rate. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September 14July 1, 2013 2011 shall be 0.1820 seventy-five hundredths of one percent (0.75%).
Appears in 1 contract
Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.3, Component A of the Loan shall bear interest at the Floating Interest Rate. The Floating Interest Rate applicable to an any related Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September 14November 4, 2013 shall be 0.1820 0.172%.
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Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.3, the Loan shall bear interest at the Floating Interest Rate. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September December 14, 2013 2012 shall be 0.1820 0.213%.
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Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.3, each Component of the Loan shall bear interest at the Floating Interest RateRate applicable to such Component. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September 14December 31, 2013 2002 shall be 0.1820 two percent (2.0%).
Appears in 1 contract
Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.)
Determination of Interest Rate. 1.%2.%3.%4. (a) Subject to the terms and conditions of this Section 2.2.3, each Component of the Loan shall bear interest at the Floating Interest RateRate applicable to such Component. The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including September July 14, 2013 2017, shall be 0.1820 1.2233%.
Appears in 1 contract
