Fixed Interest. Default Risks of borrowers (deposits and bonds); Terms and conditions when lending (senior, subordinated, convertible, definitions of default etc); Range of maturities (diversity across time); Liquidity (ability to sell mid-term); Return offered based on the risks above.
Fixed Interest. Fixed interest shall accrue on the principal balance outstanding hereunder at the rate of 8.5% per annum during the period from and including the date hereof through and including the payment in full of the principal balance of the Note (the "FIXED INTEREST"). Fixed Interest shall be payable in arrears on the last day of each March, June, September and December commencing on June 30, 1997. Fixed Interest shall be computed on the basis of a 360-day year of twelve 30-day months. Each Maker acknowledges that the Fixed Interest shall be calculated on an aggregate basis and that each Maker shall be jointly and severally liable for the payment of the entire amount of Fixed Interest.
Fixed Interest rate for paragraph 1 (1) of this article: The interest shall be calculated from the actual date of the borrow and the actual amount and the days used. Interest calculation formula: interest = principal * actual days * day interest rate. The calculation base of daily interest rate is 360 days a year, and the conversion formula is: daily interest rate = annual interest rate / 360.
Fixed Interest. The applicable fixed interest to the Principal shall be an annually accrued fixed rate of 8% (the "Fixed Interest"), which shall be calculated based on a 360 days year and shall be due and payable on the Maturity Date (as defined in clause 3 below). The Fixed Interest shall be added to the Principal and considered for the purposes of capitalizing the Loan, excluding any withholding tax to be applied to the Fixed Interest.
Fixed Interest. (a) Fixed Interest shall accrue and compound on a daily basis from the applicable Funding Date and shall be computed on the basis of a 360-day year of twelve (12) thirty (30)-day months and the actual days elapsed.
(b) With respect to each Interest Payment Period, Fixed Interest on each Loan shall be payable by Borrower to Lender in arrears as follows:
(i) During the period commencing on the Tranche A Funding Date and ending on the Interest Payment Date that is thirty-six (36) months after the Tranche A Funding Date occurs, on each Interest Payment Date, (A) an amount equal to the Cash Amount calculated with respect to the preceding Interest Payment Period shall be due and payable and (B) an amount equal to the Deferred Interest Amount calculated with respect to such Interest Payment Period shall be added to the Outstanding Principal Balance on and capitalized as of such Interest Payment Date.
(ii) During the period commencing after the thirty-sixth (36th) Interest Payment Date after the Tranche A Funding Date occurs and ending on the applicable Maturity Date, Fixed Interest calculated with respect to the preceding Interest Payment Period shall be due and payable in full on each Interest Payment Date.
(c) Notwithstanding anything to the contrary herein, in the event of any repayment or prepayment of any Loan (including principal payments due under Section 3.01), accrued Fixed Interest on the principal amount repaid or prepaid through and including the date of repayment or prepayment shall be payable on the date of such repayment or prepayment. CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT UNDER RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
Fixed Interest. Rates Arbutus Shopping Center (Loan No.
Fixed Interest. Rates The Mortgage Loan bears interest at a fixed rate per annum, but certain of the related Companion Loans bear interest on a floating rate basis. 11 000 00xx Xxxxxx (38) ARD Loan The Mortgage Loan is interest only until the Anticipated Repayment Date and will not substantially fully amortize over its stated term. The maturity date of the Mortgage Loan is less than sixty (60) months following the Anticipated Repayment Date. 11 000 00xx Xxxxxx (43) Environmental Conditions The environmental site assessment (“ESA”) obtained at origination indicates that the Mortgaged Property, which consists of multiple parcels developed around 1890, has had the following operations over the years: large-scale printing/lithographing (1938-1993), electroplating/metalworking (1938-2000), dry cleaning (1995-2003), and auto repair operations (1992-2005). The environmental consultant’s review of the historical sources showed certain analytical results of the soil samples from a Phase II subsurface investigation from 2002, which indicated the presence of hazardous chemicals in the soil and groundwater below the basement floor of the former dry cleaning site. Among such chemicals, tetrachloroethene (PCE), trichloroethene (TCE), and o-xylene exceeded the standard value of the New York State Department of Environmental Conservation. The ESA recommended a new investigation to evaluate soil vapor concentrations and provided an estimated cost of $363,000 for investigation and the testing, design, installation and maintenance costs of a sub-slab depressurization system in the event constituent concentrations exceeded EPA guidance levels. At origination, the Borrower was required to obtain an environmental insurance policy against claims for pollution and remediation legal liability. The policy was issued by Steadfast Insurance Company, with individual claim limits and an aggregate claim limit of $1,000,000 and a $25,000 deductible. The policy names the lender as an additional insured. The current policy has an expiration date of May 11, 2031. 3, 10, 11, 9, 00 Xxxxxxxx Xxxx, Xxxxxxxxx, 000 00xx Xxxxxx, Xxx Xxxxxx, Xxxxxxxx Xxxx Xchange (47) Cross-Collateralization The Mortgage Loan is cross-collateralized and cross-defaulted with the related Companion Loans. I, _________________________, a _________________________ of JPMorgan Chase Bank, National Association (the “Mortgage Loan Seller”), hereby certify as follows:
1. The Mortgage Loan Seller is a national banking association duly organ...
Fixed Interest. Fixed interest (“Fixed Interest”) shall accrue from the date of this Note up to, but excluding the date of repayment of this Note on the unpaid balance of this Promissory Note at a rate equal to five percent (5%) per annum (the “Fixed Rate”). The Fixed Interest provided herein shall be calculated for the actual number of days the principal is outstanding on the basis of a 360-day year and compounded daily.
Fixed Interest. Fixed Interest" means, prior to January 1, 1998, the amount of interest computed at the Minimum Fixed Interest Rate and, after December 31, 1997, the greater of the amount of interest computed at the Minimum Fixed Interest Rate or the amount of interest computed at the Coverage Interest Rate.
