Interest on the Line. Interest on the unpaid outstanding principal balance of the Line will accrue from the date of advance until final payment thereof at a per annum rate equal to the Prime Rate in effect from time to time (such interest rate to change immediately upon any change in the Prime Rate).
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Samples: Revolving Credit Loan and Security Agreement (Resource America Inc), Revolving Credit Loan Agreement (Resource America Inc), Revolving Credit Loan and Security Agreement (Resource Asset Investment Trust)
Interest on the Line. Interest on the unpaid outstanding ------------------------ principal balance of the Line will accrue from the date of advance until final payment thereof at a per annum rate equal to the Prime Rate in effect from time to time (such interest rate to change immediately upon any change in the Prime Rate).
Appears in 1 contract
Samples: Loan and Security Agreement (Hersha Hospitality Trust)
Interest on the Line. Interest on the unpaid outstanding principal balance of the Line will accrue from the date of advance until final payment thereof at a per annum rate equal to which is one-half of one percent (1/2 of 1%) in excess of the Prime Rate in effect from time to time (such interest rate to change immediately upon any change in the Prime Rate).
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