Common use of Interest on Liquidity Advances Clause in Contracts

Interest on Liquidity Advances. Accrued but unpaid interest on each outstanding Liquidity Advance, from the date such Liquidity Advance was made, at the Liquidity Rate, to the date on which reimbursement of such Liquidity Advance is due pursuant to Section 3.4 below, and thereafter at the Default Rate until such Liquidity Advance is reimbursed.

Appears in 4 contracts

Samples: Pledge and Security Agreement (America First Multifamily Investors, L.P.), Pledge and Security Agreement (America First Multifamily Investors, L.P.), Pledge and Security Agreement (America First Multifamily Investors, L.P.)

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Interest on Liquidity Advances. Accrued but unpaid interest on each outstanding Liquidity Advance, from the date such Liquidity Advance was made, at the Liquidity Rate, to the date on which reimbursement of such Liquidity Advance is due pursuant to Section 3.4 belowdue, and thereafter at the Default Rate until such Liquidity Advance is reimbursed.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Centerline Holding Co)

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