Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Margin.
Appears in 29 contracts
Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Management Agreement (New Senior Investment Group Inc.), Credit Agreement (Four Springs Capital Trust)
Interest on Loans. (a) Each Revolving Credit Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Revolving Credit Base Rate Loan is repaid or converted to a Revolving Credit LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginMargin for Revolving Credit Base Rate Loans.
Appears in 17 contracts
Samples: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (Plymouth Industrial REIT Inc.), Senior Secured Credit Agreement (Healthcare Trust, Inc.)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Base Rate Margin.
Appears in 7 contracts
Samples: Master Credit Agreement (Entertainment Properties Trust), Master Credit Agreement (Entertainment Properties Trust), Master Credit Agreement (Entertainment Properties Trust)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginMargin for Base Rate Loans.
Appears in 6 contracts
Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.), Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)
Interest on Loans. (a) Each Revolving Credit Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Margin.
Appears in 5 contracts
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Interest on Loans. (a) Each Revolving Credit Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginMargin for Revolving Credit Base Rate Loans.
Appears in 5 contracts
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Closing Date thereof or the date on which the Loan is converted in accordance with §4.1, as applicable, and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginRate.
Appears in 4 contracts
Samples: Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.)
Interest on Loans. (a) Each Revolving Credit Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Revolving Credit Base Rate Loan is repaid or converted to a Revolving Credit LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Revolving Credit Applicable MarginMargin for Base Rate Loans.
Appears in 4 contracts
Samples: Credit Agreement (QTS Realty Trust, Inc.), Assignment and Acceptance Agreement (QualityTech, LP), Credit Agreement (QTS Realty Trust, Inc.)
Interest on Loans. (a) Each Loan of each Class that is a Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginMargin for the applicable Class of Base Rate Loans.
Appears in 4 contracts
Samples: Credit Agreement (City Office REIT, Inc.), Term Loan Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT, Inc.)
Interest on Loans. (a) Each Revolving Credit Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Revolving Credit Base Rate Loan is repaid or converted to a Revolving Credit LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginMargin for Base Rate Loans.
Appears in 4 contracts
Samples: Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Monogram Residential Trust, Inc.), Joinder Agreement (QTS Realty Trust, Inc.)
Interest on Loans. (a) Each Term Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Term Base Rate Loan is repaid or is converted to a Term LIBOR Rate Loan at the a rate per annum equal to the sum of the Applicable Margin for Term Base Rate Loans plus the Applicable MarginBase Rate.
Appears in 4 contracts
Samples: Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust), Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust), Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid paid in full or is converted to a LIBOR Eurodollar Rate Loan from a Base Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginRate.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities LTD Partnership)
Interest on Loans. (a) Each Term Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Term Base Rate Loan is repaid or converted to a Term LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginRate.
Appears in 3 contracts
Samples: Credit Agreement (Independence Realty Trust, Inc), Credit Agreement (Independence Realty Trust, Inc), Credit Agreement (Independence Realty Trust, Inc)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan at the a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans plus the Applicable MarginBase Rate.
Appears in 2 contracts
Samples: Term Loan Agreement (QualityTech, LP), Term Loan Agreement (Carter Validus Mission Critical REIT, Inc.)
Interest on Loans. (a) Each Term Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Term Base Rate Loan is repaid or converted to a Term LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Marginfor Term Base Rate Loans.
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan at the a rate per annum equal to the greater of (i) the sum of the Applicable Margin for Base Rate Loans plus the Base Rate and (ii) the sum LIBOR determined for a thirty (30) day Interest Period plus the Applicable MarginMargin for LIBOR Rate Loans.
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the greater of (i) the sum of the Base Rate plus three percent (3%) and (ii) the Applicable Marginsum of LIBOR determined for a thirty (30) day Interest Period plus four and one-half percent (4.5%).
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on on, but excluding, the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Marginone and 35/100 percent (1.35%).
Appears in 1 contract
Samples: Credit Agreement (Tier Reit Inc)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Marginone and one-half percent (1.5%).
Appears in 1 contract
Samples: Loan Agreement (Comstock Homebuilding Companies, Inc.)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Samples: Term Loan Agreement (Mid America Apartment Communities Inc)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the greater of (i) the sum of the Base Rate plus the Applicable Margin and (ii) the sum of LIBOR determined for a thirty (30) day Interest Period plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan at the a rate per annum equal to the greater of (i) the sum of the Applicable Margin plus the Base Rate and (ii) the sum of LIBOR plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan at the rate per annum rate equal to the sum of the Base Rate plus the Applicable Marginthree-tenths of one percent (0.30%).
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a Revolving Credit LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Margin.
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Republic Property Trust)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of two- tenths of one percent (0.20%) plus the Base Rate plus the Applicable MarginRate.
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the a rate per annum equal to the sum of the Base Rate plus the Applicable MarginMargin for Base Rate Loans.
Appears in 1 contract
Samples: Term Loan Agreement (Carter Validus Mission Critical REIT II, Inc.)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on on, but excluding, the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Margintwo percent (2.0%).
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest interest, for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan Loan, at the rate per annum rate equal to the sum of the Base Rate plus the Applicable Margin.
Appears in 1 contract
Samples: Revolving Credit Agreement (American Church Mortgage Co)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan at the a rate per annum equal to the sum of the Base Rate plus the Applicable Marginone and one-quarter percent (1.25%).
Appears in 1 contract
Samples: Bridge Loan Agreement (Ramco Gershenson Properties Trust)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Margin2.25%.
Appears in 1 contract
Samples: Credit Agreement (Pacific Office Properties Trust, Inc.)
Interest on Loans. (a) Each Base Rate Loan of a Class shall bear interest interest, for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan Loan, at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginMargin for Base Rate Loans of such Class.
Appears in 1 contract
Interest on Loans. (a) Each Term Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Term Base Rate Loan is repaid or converted to a Term LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable MarginMargin for Term Base Rate Loans.
Appears in 1 contract
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan at the rate per annum rate equal to the sum of the Base Rate plus the Applicable Marginone percent (1%).
Appears in 1 contract
Samples: Revolving Credit Agreement (Foundation Capital Resources Inc)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan at the rate per annum rate equal to the sum of the Base Rate plus the Applicable Marginone-fourth of one percent (0.25%).
Appears in 1 contract
Samples: Loan Agreement (Meruelo Richard)
Interest on Loans. (a) Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or is converted to a LIBOR Rate Loan at the a rate per annum equal to the greater of (i) the sum of the Applicable Margin for Base Rate Loans plus the Base Rate and (ii) the sum of LIBOR determined for a thirty (30) day Interest Period commencing on the date of any such calculation plus the Applicable MarginMargin for LIBOR Rate Loans.
Appears in 1 contract
