Common use of Payment of “Short Interest Clause in Contracts

Payment of “Short Interest. If the advance of the principal amount evidenced by this Note is made on a date other than the first day of a calendar month, then Xxxxxxxx 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 last day of this calendar month.

Appears in 2 contracts

Samples: Promissory Note (Prime Group Realty Trust), Promissory Note (Merry Land Properties Inc)

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Payment of “Short Interest. If the advance of the principal amount evidenced by this Note is made on a date other than after the first fifth day of a calendar month, then Xxxxxxxx Borrower shall pay to Lender Xxxxxx, contemporaneously with the execution hereof hereof, interest at the Note Rate for a period from the date hereof through and including the last fourth day of this calendar month.the following calendar

Appears in 1 contract

Samples: Promissory Note (Industrial Income Trust Inc.)

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Payment of “Short Interest. If the advance of the principal amount evidenced by this Note is made on a date other than the first day day, of a calendar month, then Xxxxxxxx Borrower shall pay to Lender contemporaneously with the Le execution hereof interest at the Note vote Rate for a period from the date hereof through and including the last day of this calendar month.:

Appears in 1 contract

Samples: Promissory Note (Secured Investment Resources Fund Lp Ii)

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