Interest Accrual Rate and Monthly Installment Payment Amount to Remain the Same. The interest rate and the monthly payments set forth in the Note shall remain unchanged. Prior to the occurrence of an Event of Default hereunder or under the Note, interest shall accrue on the principal balance outstanding from time to time at the Contract Rate (as defined in the Mortgage), and principal and/or interest shall be paid in monthly installments pursuant to the Note, plus such amounts as may be required to fund escrow obligations under the terms of the Mortgage, if any.
Appears in 4 contracts
Samples: Transfer and Agreement (NNN Healthcare/Office REIT, Inc.), Transfer and Agreement (NNN Healthcare/Office REIT, Inc.), Transfer and Agreement (NNN Healthcare/Office REIT, Inc.)
Interest Accrual Rate and Monthly Installment Payment Amount to Remain the Same. The parties acknowledge and agree that the interest rate and the monthly payments set forth in the Note shall remain unchanged. Prior to the occurrence of an Event of Default hereunder or under the NoteLoan Documents, interest shall accrue on the principal balance outstanding from time to time at the Contract Rate (as defined interest rate set forth in the Mortgage), and principal and/or interest shall be paid in monthly installments pursuant to the Note, plus Note (which does not include such amounts as may be required to fund the escrow and reserve obligations under the terms of the MortgageLoan Documents), if anyand shall continue to be paid in accordance with the terms of the Note.
Appears in 2 contracts
Samples: Substitute Indemnitor (Behringer Harvard Reit I Inc), Behringer Harvard Reit I Inc
Interest Accrual Rate and Monthly Installment Payment Amount to Remain the Same. The interest rate and the monthly payments set forth in the Note shall remain unchanged. Prior to the occurrence of an Event of Default hereunder or under the Note, interest shall accrue on the principal balance outstanding from time to time at the Contract Rate (applicable interest rate as defined set forth in the Mortgage), Note and principal and/or and interest shall be paid in monthly installments pursuant to the Note, plus (which does not include such amounts as may be required to fund escrow obligations under the terms of the Mortgage, if anyLoan Documents) shall continue to be paid in accordance with the provisions of the Note.
Appears in 1 contract
Samples: Loan Assumption and Substitution Agreement (Hines Global REIT, Inc.)
Interest Accrual Rate and Monthly Installment Payment Amount to Remain the Same. The interest rate and the monthly payments set forth in the Note shall remain unchanged. Prior to the occurrence of an Event of Default hereunder or under the Note, interest shall accrue on the principal balance outstanding from time to time at the Contract Applicable Interest Rate (as defined in each of the Mortgage), A Note and the B Note) and principal and/or and interest shall be paid in monthly installments pursuant to the Note, plus (which does not include such amounts as may be required to fund escrow obligations under the terms of the Mortgage, if anyLoan Documents) shall continue to be paid in accordance with the provisions of the Note.
Appears in 1 contract
Samples: Loan Assumption and Substitution Agreement (AmREIT Monthly Income & Growth Fund III LTD)
Interest Accrual Rate and Monthly Installment Payment Amount to Remain the Same. The interest rate and the monthly payments set forth in the Note shall remain unchanged. Prior to the occurrence of an Event of Default hereunder or under the Note, interest shall accrue on the principal balance outstanding from time to time at the Contract Rate (as defined in the Mortgage), Note) and principal and/or and interest shall be paid in monthly installments pursuant to the Note, plus (which does not include such amounts as may be required to fund escrow obligations under the terms of the Mortgage, if anyLoan Documents) shall continue to be paid in accordance with the provisions of the Note.
Appears in 1 contract
Samples: Loan Assumption and Substitution Agreement (NNN Healthcare/Office REIT, Inc.)