Accrued Interest. Any accrued interest remaining past due for 30 days or more shall be added to and become part of the unpaid principal balance and shall bear interest at the rate or rates specified in this Note. Any reference herein to "accrued interest" shall refer to accrued interest which has not become part of the unpaid principal balance. Any amount added to principal pursuant to the Loan Documents shall bear interest at the applicable rate or rates specified in this Note and shall be payable with such interest upon demand by Lender and absent such demand, as provided in this Note for the payment of principal and interest.
Appears in 6 contracts
Samples: Multifamily Note (Davidson Income Real Estate Lp), Multifamily Note (Davidson Income Real Estate Lp), Multifamily Note (American Community Properties Trust)
Accrued Interest. Any accrued interest remaining past due for 30 thirty (30) days or more shall be added to and become part of the unpaid principal balance and shall bear interest at the rate or rates specified in this Note. Any reference herein to "“accrued interest" ” shall refer to accrued interest which has not become part of the unpaid principal balance. Any amount added to principal pursuant to the Loan Documents shall bear interest at the applicable rate or rates specified in this Note and shall be payable with such interest upon demand by Lender and absent such demand, as provided in this Note for the payment of principal and interest.
Appears in 5 contracts
Samples: Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (Archstone Inc.), Master Credit Facility Agreement (Bre Properties Inc /Md/)
Accrued Interest. Any accrued interest remaining past due for 30 days or more shall be added to and become part of the unpaid principal balance and shall bear interest at the rate or rates specified in this Note. Any reference herein to "“accrued interest" ” shall refer to accrued interest which has not become part of the unpaid principal balance. Any amount added to principal pursuant to the Loan Documents shall bear interest at the applicable rate or rates specified in this Note and shall be payable with such interest upon demand by Lender and absent such demand, as provided in this Note for the payment of principal and interest.
Appears in 4 contracts
Samples: Fixed+1 Multifamily Note (NNN Apartment REIT, Inc.), Fixed+1 Multifamily Note (NNN Apartment REIT, Inc.), Multifamily Note (Grubb & Ellis Apartment REIT, Inc.)
Accrued Interest. Any accrued interest remaining past due for 30 thirty (30) days or more shall be added to and become part of the unpaid principal balance and shall bear interest at the rate or rates specified in this Note. Any reference herein to "“accrued interest" ” shall refer to accrued interest which has not become part of the unpaid principal balance. Any amount added to principal pursuant to the Loan Documents shall bear interest at the applicable rate or rates specified in this Note and shall be payable with such interest upon demand by Lender Fannie Mae and absent such demand, as provided in this Note for the payment of principal and interest.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Erp Operating LTD Partnership)
