Floating Interest Rates. Each Purchased Asset bears interest at a floating rate of interest that is based on LIBOR plus a margin (which interest rate may be subject to a minimum or “floor” rate).
Appears in 13 contracts
Samples: Master Repurchase and Securities Contract Agreement (ACRES Commercial Realty Corp.), Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.), Master Repurchase Agreement (Terra Property Trust, Inc.)
Floating Interest Rates. Each Purchased Asset bears interest at a floating rate of interest that is based on LIBOR Term SOFR plus a margin (which interest rate may be subject to a minimum or “floor” rate).
Appears in 5 contracts
Samples: Tenth Omnibus Amendment to Transaction Documents (BrightSpire Capital, Inc.), Master Repurchase and Securities Contract Agreement (Starwood Credit Real Estate Income Trust), Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.)
Floating Interest Rates. Each Purchased Mortgage Asset bears interest at a floating rate of interest that is based on LIBOR plus a margin (which interest rate may be subject to a minimum or “floor” rate).
Appears in 2 contracts
Samples: Indenture and Credit Agreement (Terra Property Trust, Inc.), Indenture and Credit Agreement (Terra Secured Income Fund 5, LLC)
Floating Interest Rates. Each Purchased Asset bears interest at a floating rate of interest that is based on LIBOR plus a margin (which interest rate may be subject to a minimum or “floor” rate).
Appears in 1 contract
Samples: Master Repurchase and Securities Contract Agreement (TPG RE Finance Trust, Inc.)
