General Loan Terms. 18 2.1 The Loan ............................................................................................................... 18 2.2 Interest; Monthly Payments .................................................................................. 18 2.2.1 Generally ................................................................................................... 18 2.2.2 Default Rate............................................................................................... 18 2.2.3 Taxes ......................................................................................................... 18 2.2.4 Breakage Indemnity .................................................................................. 19 2.2.5
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General Loan Terms. 18 20 2.1 The Loan ............................................................................................................... 18 Loan....................................................................................................................................... 20 2.2 Interest; Monthly Payments .................................................................................. 18 Payments........................................................................................................... 20 2.2.1 Generally ................................................................................................... 18 Generally....................................................................................................................... 20 2.2.2 Default Rate............................................................................................... 18 ............................................................................................................... 21 2.2.3 Taxes ......................................................................................................... 18 Taxes........................................................................................................................... 21 2.2.4 Requirements of Law................................................................................................... 21 2.2.5 Breakage Indemnity .................................................................................. 19 2.2.5Indemnity..................................................................................................... 22 2.3 Loan Repayment........................................................................................................................... 22 2.3.1 Repayment................................................................................................................. 22
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Sources: Mezzanine Loan Agreement (Hersha Hospitality Trust)