Common use of Interest Rate and Payment Terms Clause in Contracts

Interest Rate and Payment Terms. Amounts outstanding under the Facility shall be payable as to interest and principal in accordance with the provisions of this Agreement. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Administrative Agent and are to be allocated on a pro rata basis to the Note(s) held by each Lender based upon such Lender’s Commitment Percentage.

Appears in 3 contracts

Samples: Term Loan Agreement (Hines Real Estate Investment Trust Inc), Credit Agreement (Hines Real Estate Investment Trust Inc), Term Loan Agreement (Hines Real Estate Investment Trust Inc)

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Interest Rate and Payment Terms. Amounts outstanding under the Facility shall be payable as to interest and principal in accordance with the provisions of this AgreementAgreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. Any and all interest rate selection and conversion provisions in this Agreement are to lo be administered by the Administrative Agent and are to be allocated on a pro rata basis to the Note(s) Notes held by each Lender based upon such Lender’s Commitment Percentage.

Appears in 1 contract

Samples: Credit Agreement (Inland Real Estate Corp)

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Interest Rate and Payment Terms. Amounts outstanding under the Facility shall be payable as to interest and principal in accordance with the provisions of this AgreementAgreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Administrative Agent and are to be allocated on a pro rata basis to the Note(s) Notes held by each Lender based upon such Lender’s Commitment Percentage.

Appears in 1 contract

Samples: Credit Agreement (Inland Real Estate Corp)

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