Equity Bridge Loan Interest Sample Clauses

Equity Bridge Loan Interest. Borrower shall pay interest on the applicable date as set forth in Section 2.4(a) on the unpaid principal amount of each Equity Bridge Loan calculated from the date of such Equity Bridge Loan until the maturity thereof at a rate per annum, at all times during each Interest Period for such Equity Bridge Loan, equal to the LIBO Rate for such Interest Period plus the Applicable Construction Loan Margin.