Floating Interest Rates. Each Mezzanine Loan 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 5 contracts
Sources: Collateral Interest Purchase Agreement (TPG RE Finance Trust, Inc.), Collateral Interest Purchase Agreement (TPG RE Finance Trust, Inc.), Collateral Interest Purchase Agreement (Granite Point Mortgage Trust Inc.)
Floating Interest Rates. Each Mezzanine Loan bears interest at a floating rate of interest that is based on LIBOR the Benchmark, Term SOFR or LIBOR, as applicable, plus a margin (which interest rate may be subject to a minimum or “floor” rate), provided however, that the interest rate can be based on an alternative rate index, as described in the related Asset Documents, instead of the Benchmark, Term SOFR or LIBOR, as applicable, under certain circumstances.
Appears in 1 contract
Sources: Collateral Interest Purchase Agreement (TPG RE Finance Trust, Inc.)
Floating Interest Rates. Each Mezzanine Loan bears interest at a floating rate of interest that is based on LIBOR Term SOFR (or another generally acceptable floating rate index or successor benchmark rate) plus a margin (which interest rate may be subject to a minimum or “floor” rate).
Appears in 1 contract
Sources: Collateral Interest Purchase Agreement (Invesco Commercial Real Estate Finance Trust, Inc.)