Calculation Basis. Interest due on the Loan shall be paid in arrears, calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.
Appears in 9 contracts
Samples: Mezzanine Loan Agreement (CNL Hotels & Resorts, Inc.), Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Calculation Basis. Interest due on the Loan shall be paid in arrears, arrears and calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or in such partial month in which interest is being calculatedby a daily rate calculated on said 360-day year.
Appears in 1 contract
Samples: Loan Agreement (Corporate Property Associates 16 Global Inc)
Calculation Basis. Interest due on the Loan shall be paid in arrears, calculated based on a 360-day year paid in arrears and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.
Appears in 1 contract
