Initial Interest Payment. The Borrower shall have paid in advance the interest for the initial Interest Period (in the case of a Eurodollar Loan) or for the period from the Borrowing Date to but excluding the first Quarterly Date after the Borrowing Date (in the case of a Fixed Rate Loan) as provided in Section 2.05(e) of the Credit Agreement for such Loan.
Appears in 2 contracts
Sources: Facility Agreement (Northstar Realty Finance Corp.), Facility Agreement (Northstar Realty Finance Corp.)