Common use of Interest Rate and Payments Clause in Contracts

Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 8 contracts

Samples: Windsor Park Properties 7, Windsor Park Properties 7, Windsor Park Properties 7

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Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven two and sixty-three one- hundredths 80/100ths percent (7.632.80%) per annum (the "Original Interest Rate"), computed based on the basis of a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each; provided, however, interest for the Stub Interest Period (defined below) and partial months shall be calculated by multiplying the principal balance of this Note by the interest rate, dividing the product by three hundred sixty (360), and multiplying that result by the actual number of days elapsed.

Appears in 3 contracts

Samples: Postal Realty Trust, Inc., Postal Realty Trust, Inc., Postal Realty Trust, Inc.

Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) 8.60% per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Sonesta International Hotels Corp

Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at a rate per annum, based on actual days in the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of year divided by a three hundred sixty (360) day year for composed of twelve (12) months of thirty (30) days each, equal to the actual number of days elapsedEffective Rate in effect from time to time.

Appears in 1 contract

Samples: Promissory Note (Acadia Realty Trust)

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Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- one-hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Windsor Park Properties 5

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