Late Payment Premium. Borrower 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 the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which 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), Loan Agreement (Avalonbay Communities Inc)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, shall pay to Administrative Agent for the account of the Banks Lenders a late payment premium in the amount of 45% of any payments of principal or interest under the Loans 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: Assignment and Assumption Agreement (Acadia Realty Trust), Revolving Loan Agreement (Acadia Realty Trust), Assignment and Assumption Agreement (Acadia Realty Trust)
Late Payment Premium. Borrower 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 the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Appears in 3 contracts
Samples: Assignment and Acceptance (Avalonbay Communities Inc), Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalonbay Communities Inc)
Late Payment Premium. Each Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borroweroption, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten fifteen (1015) days after the due date thereof, which shall be due with any such late payment.
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Taubman Centers Inc), Assignment and Assumption Agreement (Taubman Centers Inc), Assignment and Assumption Agreement (Taubman Centers Inc)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, shall pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of principal or interest under the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Vornado Realty Lp), Revolving Credit Agreement (Vornado Realty Trust), Revolving Credit Agreement (Price Enterprises Inc)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of four percent (4% %) of any payments of interest under the Loans made more than ten fifteen (1015) days after the due date thereof, which shall be due with any such late payment.
Appears in 2 contracts
Samples: Loan Agreement (Taubman Realty Group LTD Partnership), Loan Agreement (Taubman Centers Inc)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to Administrative Agent for the account of the Banks Lenders a late payment premium in the amount of 45% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Crescent Real Estate Equities Co), Crescent Real Estate Equities Co
Late Payment Premium. Borrower shall, at Administrative Agent’s option (or if directed by the Required Banks Banks) and upon notice to Borrower, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of four percent (4% %) of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which 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, at the Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to the Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten fifteen (1015) days after the due date thereof, which shall be due with any such late payment.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Taubman Realty Group LTD Partnership), Revolving Loan Agreement (Taubman Centers Inc)
Late Payment Premium. Borrower shall, at Administrative Agent’s 's option or if directed by the Required Banks and upon notice to Borrower, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Avalonbay Communities Inc), Assignment and Assumption Agreement (Avalon Bay Communities Inc)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which 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, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, shall pay to Administrative Agent for the account of the Banks Lenders a late payment premium in the amount of 45% of any payments of principal or interest under the Loans 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), Assignment and Assumption Agreement (Acadia Realty Trust)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten fifteen (1015) days after the due date thereof, which 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, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, shall pay to Administrative Agent for the account of the Banks Lenders a late payment premium in the amount of 4% of any payments of principal or interest under the Loans 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, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, shall pay to Administrative Agent for the account of the Banks Lenders a late payment premium in the amount of 45% of any payments of principal or interest under the Loans 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. 2.12.
Appears in 1 contract
Samples: Term Loan Agreement (Mendik Real Estate Limited Partnership)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to Administrative Agent for the account of the Banks Lenders a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Reckson Associates Realty Corp)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 42% 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 Loans made more than ten fifteen (1015) days after the due date thereof, which shall be due with any such late payment.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Westfield America Inc)
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, shall pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of principal or interest under in respect of the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Vornado Realty Trust)
Late Payment Premium. Borrower shall, at Administrative ---------------------- Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten fifteen (1015) days after the due date thereof, which 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, at Administrative Agent’s option (or if directed by the Required Banks Banks) and upon notice to Borrower, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Appears in 1 contract
Late Payment Premium. Borrower 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 the Banks Banks, a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Appears in 1 contract
Late Payment Premium. The Borrower shall, at Administrative the Administra- tive Agent’s option or if directed by the Required Banks and upon notice to Borrower's option, pay to the Administrative Agent for the account of the Banks Lenders a late payment premium in the amount of 42% of any payments of interest under the Loans made more than ten fifteen (1015) days after the due date thereof, which shall be due with any such late later payment.
Appears in 1 contract
Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, shall pay to Administrative -------------------- Agent for the account of the Banks Lenders a late payment premium in the amount of 45% 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 Loans 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, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borroweroption, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten fifteen (1015) days after the due date thereof, which shall be due with any such late payment.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)