Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.
Appears in 49 contracts
Samples: Senior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.), Loan Agreement (Ashford Hospitality Prime, Inc.), Junior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year (that is, the Applicable Interest Rate or the Default Rate, as then applicable, expressed as an annual rate divided by 360) by (c) the outstanding principal balance.
Appears in 41 contracts
Samples: Loan Agreement, Loan Agreement (MPG Office Trust, Inc.), Mezzanine Loan Agreement (Telx Group, Inc.)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made relevant Accrual Period by (b) a daily rate based on the Interest Rate and a three hundred sixty (360) day year by (c) the outstanding principal balancebalance of the Loan.
Appears in 30 contracts
Samples: Loan Agreement (Soho House & Co Inc.), Loan Agreement (RREEF Property Trust, Inc.), Loan Amendment (Vici Properties Inc.)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a equal to the Applicable Interest Rate divided by three hundred sixty (360) day year by (c) the outstanding principal balance.
Appears in 15 contracts
Samples: Loan Agreement (Spirit Finance Corp), Loan Agreement (Spirit Finance Corp), Loan Agreement (Republic Property Trust)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made relevant Accrual Period by (b) a daily rate based on the Interest Rate and a three hundred sixty (360) day year by (c) the outstanding principal balancebalance of the Loan. Borrower acknowledges that the calculation method for interest described herein results in a higher effective interest rate than the numeric Interest Rate and Borrower hereby agrees to this calculation method.
Appears in 13 contracts
Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Strategic Storage Trust II, Inc.), Mezzanine Loan Agreement
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on the Interest Rate and a three hundred sixty (360) day year by (c) the outstanding principal balance.
Appears in 9 contracts
Samples: Project Loan Agreement, Project Loan Agreement (Acadia Realty Trust), Project Loan Agreement (Acadia Realty Trust)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made Accrual Period, by (b) a daily rate based on the Interest Rate and a three hundred sixty (360) day year year, by (c) the outstanding principal balancebalance of the Loan.
Appears in 7 contracts
Samples: Junior Mezzanine Loan Agreement, Junior Mezzanine Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a equal to the Applicable Interest Rate divided by three hundred sixty (360) day year by (c) the outstanding principal balancebalance on the first day of the applicable Interest Period.
Appears in 6 contracts
Samples: Mezzanine Loan Agreement (Meristar Hospitality Corp), Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Operating Partnership Lp)
Interest Calculation. Interest on the outstanding principal balance Outstanding Principal Balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.Outstanding Principal Balance
Appears in 4 contracts
Samples: Mezzanine Loan Agreement (Hersha Hospitality Trust), Loan Agreement (Hersha Hospitality Trust), Loan Agreement (Morgans Hotel Group Co.)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period Interest Period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balancebalance of the Loan.
Appears in 4 contracts
Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a the Interest Rate divided by three hundred sixty (360) day year by (c) the outstanding principal balanceOutstanding Principal Balance. The accrual period for calculating interest due on each Payment Date shall be the Accrual Period in which the related Payment Date occurs.
Appears in 4 contracts
Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Necessity Retail REIT, Inc.), Loan Agreement (Healthcare Trust, Inc.)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a the Applicable Interest Rate divided by three hundred sixty (360) day year by (c) the outstanding principal balance.
Appears in 4 contracts
Samples: Loan Agreement (Netreit, Inc.), Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on the Interest Rate and on a three hundred sixty (360) day year by (c) the outstanding principal balancebalance of the Loan.
Appears in 4 contracts
Samples: Loan Agreement (W. P. Carey Inc.), Loan Agreement (Net Lease Office Properties), Mezzanine Loan Agreement (W. P. Carey Inc.)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year (that is, the Interest Rate or the Default Rate, as then applicable, expressed as an annual rate divided by 360) by (c) the outstanding principal balance.
Appears in 3 contracts
Samples: Loan Agreement (Cedar Shopping Centers Inc), Junior B Mezzanine Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Cedar Shopping Centers Inc)
Interest Calculation. Interest on the outstanding principal -------------------- balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.
Appears in 3 contracts
Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Wyndham International Inc), Loan Agreement (Capital Automotive Reit)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period Interest Period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year (that is, the Applicable Interest Rate or the Default Rate, as then applicable to the Note, expressed as an annual rate divided by 360) by (c) the outstanding principal balance.
Appears in 3 contracts
Samples: Loan Agreement (Black Creek Diversified Property Fund Inc.), Mezzanine Loan Agreement (Black Creek Diversified Property Fund Inc.), Loan Agreement (Black Creek Diversified Property Fund Inc.)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balancebalance of the Loan.
Appears in 3 contracts
Samples: Loan Agreement (City Office REIT, Inc.), Loan Agreement (Inland Real Estate Corp), Loan Agreement (Inland Real Estate Corp)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) 360 day year by (c) the outstanding principal balance.
Appears in 3 contracts
Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)
Interest Calculation. Interest on the outstanding -------------------- principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.
Appears in 2 contracts
Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit)
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily the Applicable Interest Rate or the Default Rate, as then applicable, expressed as an annual rate based on a three hundred sixty (360) day year divided by 360 by (c) the outstanding principal balance.
Appears in 1 contract
Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balanceyear.
Appears in 1 contract
Interest Calculation. Interest on the outstanding principal balance of each Component of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period related Interest Period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balancebalance of the related Component.
Appears in 1 contract
