Late Payment Premium. Borrower shall pay to Administrative Agent for the account of Lenders a late payment premium in the amount of 5% of any payments of principal or interest under the Loan made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 4 contracts
Samples: Revolving Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust), Term Loan Agreement (Acadia Realty Trust)
Late Payment Premium. Borrower shall shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 4 contracts
Samples: Revolving Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalonbay Communities Inc)
Late Payment Premium. Borrower shall pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Price Enterprises Inc), Revolving Credit Agreement (Vornado Realty Lp), Revolving Credit Agreement (Vornado Realty Trust)
Late Payment Premium. Borrower shall shall, at Administrative Agent’s option and upon notice to Borrower, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 3 contracts
Samples: Term Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalonbay Communities Inc)
Late Payment Premium. Each Borrower shall shall, at Administrative Agent’s option, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 3 contracts
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc), Secured Revolving Credit Agreement (Taubman Centers Inc), Secured Revolving Credit Agreement (Taubman Centers Inc)
Late Payment Premium. Borrower shall shall, at Administrative Agent’s option (or if directed by the Required Banks) and upon notice to Borrower, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 5% four percent (4%) of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 2 contracts
Samples: Term Loan Agreement (Avalonbay Communities Inc), Term Loan Agreement (Avalonbay Communities Inc)
Late Payment Premium. Borrower shall shall, at Administrative Agent's option and upon notice to Borrower, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalon Bay Communities Inc)
Late Payment Premium. Borrower shall shall, at Administrative Agent's option, pay to Administrative Agent for the account of Lenders a late payment premium in the amount of 5% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 2 contracts
Samples: Secured Loan Agreement (Crescent Real Estate Equities Co), Secured Loan Agreement (Crescent Real Estate Equities Co)
Late Payment Premium. Borrower shall shall, at Administrative Agent's option, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Bay Apartment Communities Inc), Revolving Loan Agreement (Bay Apartment Communities Inc)
Late Payment Premium. Borrower shall pay to Administrative Agent for the account of Lenders a late payment premium in the amount of 5% of any payments of principal or interest under the of any Loan made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 2 contracts
Samples: Credit Agreement (Acadia Realty Trust), Credit Agreement (Acadia Realty Trust)
Late Payment Premium. Borrower shall shall, at Administrative Agent's option, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 5% four percent (4%) of any payments of principal or interest under the Loan Loans made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 2 contracts
Samples: Loan Agreement (Taubman Centers Inc), Loan Agreement (Taubman Realty Group LTD Partnership)
Late Payment Premium. Borrower shall shall, at the Administrative Agent's option, pay to the Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Taubman Centers Inc), Revolving Loan Agreement (Taubman Realty Group LTD Partnership)
Late Payment Premium. Borrower shall shall, at Administrative Agent's option, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 2 contracts
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc), Revolving Credit Agreement (Taubman Realty Group LTD Partnership)
Late Payment Premium. Borrower shall shall, at Administrative Agent's option, pay to Administrative Agent for the account of Lenders a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Samples: Secured Loan Agreement (Reckson Associates Realty Corp)
Late Payment Premium. Borrower shall pay to Administrative -------------------- Agent for the account of Lenders a late payment premium in the amount of 5% of any payments of principal (other than principal due on the Maturity Date, as it may be accelerated or extended under the terms hereof) or interest under the Loan made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Samples: Building Loan Agreement (Federal Realty Investment Trust)
Late Payment Premium. Borrower shall shall, at Administrative Agent’s option (or if directed by the Required Banks) and upon notice to Borrower, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Late Payment Premium. Borrower shall pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.any
Appears in 1 contract
Late Payment Premium. The Borrower shall shall, at the Administra- tive Agent's option, pay to the Administrative Agent for the account of the Lenders a late payment premium in the amount of 52% of any payments of principal or interest under the Loan Loans made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late later payment.
Appears in 1 contract
Late Payment Premium. Borrower shall shall, at Administrative Agent’s option, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)
Late Payment Premium. Borrower shall shall, at Administrative Agent's option, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 52% of any payments of principal (other than principal due on the Maturity Date, whether as scheduled or by acceleration or otherwise) or interest under the Loan Loans made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Westfield America Inc)
Late Payment Premium. Borrower shall shall, at Administrative ---------------------- Agent's option, pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)
Late Payment Premium. Borrower shall pay to Administrative Agent for the account of Lenders a late payment premium in the amount of 54% of any payments of principal or interest under the Loan made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Samples: Term Loan Agreement (Alexanders Inc)
Late Payment Premium. Borrower shall shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, pay to Administrative Agent Agent, for the account of Lenders the Banks, a late payment premium in the amount of 54% of any payments of principal or interest under the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Late Payment Premium. Borrower shall pay to Administrative Agent for the account of Lenders a late payment premium in the amount of 5% of any payments of principal or interest under the Loan made more than ten fifteen (1015) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
Samples: Term Loan Agreement (Mendik Real Estate Limited Partnership)
Late Payment Premium. Borrower shall pay to Administrative Agent for the account of Lenders the Banks a late payment premium in the amount of 54% of any payments of principal or interest under in respect of the Loan Loans made more than ten (10) days after the due date thereof, which late payment premium shall be due with any such late payment.
Appears in 1 contract
