Common use of Interest on a Finance Lease Obligation Clause in Contracts

Interest on a Finance Lease Obligation. shall be deemed to accrue at an interest rate reasonably determined by a Financial Officer of the Borrower to be the rate of interest implicit in such Finance Lease Obligation in accordance with GAAP.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (Blackstone Mortgage Trust, Inc.), Term Loan Credit Agreement (Blackstone Mortgage Trust, Inc.), Term Loan Credit Agreement (Blackstone Mortgage Trust, Inc.)

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Interest on a Finance Lease Obligation. shall be deemed to accrue at an interest rate reasonably determined by a Financial Responsible Officer of the Borrower Company to be the rate of interest implicit in such Finance Lease Obligation in accordance with GAAP. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, an interbank offered rate, or other rate, shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen as any Borrower or Subsidiary may designate.

Appears in 1 contract

Samples: Credit Agreement (Bloomin' Brands, Inc.)

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