Prime Rate, Base Rate and Margin Quotations. Borrower may call Servicer on or before the date on which a Advance Request is to be delivered or prior to the end of an Interest Period, to receive both a calculation of the resulting Property DSCR for a proposed Prime Rate (if required pursuant to Sections 4.3.2 or 4.4) or Base Rate Borrowing Advance Tranche and an indication of the rates then in effect, including the Margin, but both parties acknowledge that such projection shall not be binding on Lender or Borrower, nor shall such projection affect the rate of interest which thereafter is actually in effect when such interest rate election is made.
Appears in 2 contracts
Samples: Credit Agreement (Preferred Apartment Communities Inc), Credit Agreement (Preferred Apartment Communities Inc)
Prime Rate, Base Rate and Margin Quotations. Borrower may call Servicer on or before the date on which a Advance Loan Request is to be delivered or prior to the end of an Interest Period, to receive both a calculation of the resulting Property DSCR Facility Debt Service Coverage Ratio for a proposed Prime Rate (if required pursuant to Sections 4.3.2 3.3.2 or 4.43.4) or Base Rate Borrowing Advance Tranche and an indication of the rates then in effect, including the Margin, but both parties acknowledge that such projection shall not be binding on Lender or Borrower, nor shall such projection affect the rate of interest which thereafter is actually in effect when such interest rate the election is made.
Appears in 1 contract
Samples: Credit Agreement (Behringer Harvard Multifamily Reit I Inc)
Prime Rate, Base Rate and Margin Quotations. Borrower may call Servicer on or before the date on which a Advance Loan Request is to be delivered or prior to the end of an Interest Period, to receive both a calculation of the resulting Property DSCR Facility Debt Service Coverage Ratio for a proposed Prime Rate (if required pursuant to Sections 4.3.2 3.3.2 or 4.43.4.3) or Base Rate Borrowing Advance Tranche and an indication of the rates then in effect, including the Margin, but both parties acknowledge that such projection shall not be binding on Lender or Borrower, nor shall such projection affect the rate of interest which thereafter is actually in effect when such interest rate the election is made.
Appears in 1 contract
