Payment of “Short Interest. If the advance of the principal amount evidenced by this Note is made on a date other than a Payment Date, Borrower shall pay to Lender contemporaneously with the execution hereof interest at the Note Rate for a period from the date hereof through and including the tenth (10th) day of either (x) this month, in the event that the date hereof is on or prior to the 11th of the month, and (y) the immediately succeeding month, in the event that the date hereof is after the 11th of the month.
Appears in 8 contracts
Sources: Promissory Note (Industrial Income Trust Inc.), Promissory Note (Dividend Capital Total Realty Trust Inc.), Promissory Note (NNN Apartment REIT, Inc.)
Payment of “Short Interest. If the advance of the principal amount evidenced by this Note is made on a date other than a Payment Date, Borrower shall pay to Lender contemporaneously with the execution hereof interest at the Note Rate for a period from the date hereof through and including the tenth (10th) day of either (x) this month, in the event that the date hereof is on or prior to the 11th of the month, and or (y) the immediately succeeding month, in the event that the date hereof is after the 11th of the month.
Appears in 3 contracts
Sources: Promissory Note (NNN Healthcare/Office REIT, Inc.), Promissory Note (NNN Healthcare/Office REIT, Inc.), Promissory Note (NNN Healthcare/Office REIT, Inc.)