Common use of Interest Period Clause in Contracts

Interest Period. (i) the period from the date on which the Loan is funded through the first day thereafter that is the fifth day of the next succeeding calendar month and (ii) each period thereafter from the sixth day of each calendar month through the fifth day of the next succeeding calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 hereof, then from and after such election, each Interest Period shall be the period from the New Payment Date in each calendar month through the day immediately preceding the next succeeding New Payment Date.

Appears in 5 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.)

AutoNDA by SimpleDocs

Interest Period. (i) the period from the date on which the of Loan is funded funding through the first day thereafter that is the fifth day of the next succeeding calendar month and (ii) each period thereafter from the sixth day of each calendar month through the fifth day of the next succeeding calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 hereof2.2.5, then from and after such election, each Interest Period shall be the period from the New Payment Date in each calendar month through the day immediately preceding the next succeeding New Payment Date.

Appears in 3 contracts

Samples: Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

Interest Period. (i) the period from the date on which the Loan is funded hereof through the first day thereafter that is the fifth (5th) day of the next succeeding a calendar month and (ii) each period thereafter from the sixth (6th) day of each calendar month through the fifth (5th) day of the next succeeding following calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 hereof, then from and after such election, each Interest Period shall be the period from the New Payment Date (as defined under Section 2.2.4 hereof) in each calendar month through the day in the next succeeding calendar month immediately preceding the next succeeding New Payment DateDate in such calendar month.

Appears in 2 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

Interest Period. (i) the period from the date on which the Loan is funded hereof through the first (1st) day thereafter that is the fifth last day of the next succeeding a calendar month (the “Initial Interest Period”) and (ii) each period thereafter from the sixth 1st day of each calendar month through the fifth last day of the next succeeding such calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 2.2.5 hereof, then from and after such election, each Interest Period shall be the period from the New Payment Date (as defined in Section 2.2.5 hereof) in each calendar month through the day in the next succeeding calendar month immediately preceding the next succeeding New Payment DateDate in such calendar month.

Appears in 2 contracts

Samples: Junior Mezzanine Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

Interest Period. (i) the period from the date on which the Loan is funded hereof through the first (1st) day thereafter that is the fifth (5th) day of the next succeeding a calendar month and (ii) each period thereafter from the sixth (6th) day of each calendar month through the fifth 5th day of the next succeeding following calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 hereof, then from and after such election, each Interest Period shall be the period from the New Payment Date in each calendar month through the day in the next succeeding calendar month immediately preceding the next succeeding New Payment DateDate in such calendar month.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Interest Period. (i) the period from the date on which the Loan is funded hereof through the first day thereafter that is the fifth last day of the next succeeding a calendar month (the “Initial Interest Period”) and (ii) each period thereafter from the sixth first (1st) day of each calendar month through the fifth last day of the next succeeding each such calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 2.2.5 hereof, then from and after such election, each Interest Period shall be the period from the New Payment Date in each calendar month through the day in the next succeeding calendar month immediately preceding the next succeeding New Payment DateDate in such calendar month.

Appears in 1 contract

Samples: Loan Agreement (Morgans Hotel Group Co.)

Interest Period. (i) the period from the date on which the Loan is funded hereof through the first (1st) day thereafter that is the fifth last day of the next succeeding a calendar month (the “Initial Interest Period”) and (ii) each period thereafter from the sixth 1st day of each calendar month through the fifth last day of the next succeeding such calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 hereof, then from and after such election, each Interest Period shall be the period from the New Payment Date (as defined in Section 2.2.4 hereof) in each calendar month through the day in the next succeeding calendar month immediately preceding the next succeeding New Payment DateDate in such calendar month.

Appears in 1 contract

Samples: Senior Mezzanine Loan Agreement (Maguire Properties Inc)

AutoNDA by SimpleDocs

Interest Period. (i) the period from the date on which the Loan is funded hereof through the first day thereafter that is the fifth last day of the next succeeding a calendar month (the “Initial Interest Period”) and (ii) each period thereafter from the sixth first (1st) day of each calendar month through the fifth last day of the next succeeding each such calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 hereof2.2.5, then from and after such election, each Interest Period shall be the period from the New Payment Date in each calendar month through the day in the next succeeding calendar month immediately preceding the next succeeding New Payment DateDate in such calendar month.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Morgans Hotel Group Co.)

Interest Period. (i) the period from the date on which the Loan is funded hereof through the first (1st) day thereafter that is the fifth tenth (10th) day of the next succeeding a calendar month and (ii) each period thereafter from the sixth eleventh (11th) day of each calendar month through the fifth tenth (10th) day of the next succeeding following calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 hereof, then from and after such election, each Interest Period shall be the period from the New Payment Date in each calendar month through the day in the next succeeding calendar month immediately preceding the next succeeding New Payment DateDate in such calendar month.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Interest Period. (i) the period from the date on which the Loan is funded hereof through the first day thereafter that is the fifth last day of the next succeeding a calendar month (the “Initial Interest Period”) and (ii) each period thereafter from the sixth 1st day of each calendar month through the fifth last day of the next succeeding each such calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Lender exercises its right to change the Payment Date to a New Payment Date in accordance with Section 2.2.4 2.2.5 hereof, then from and after such election, each Interest Period shall be the period from the New Payment Date in each calendar month through the day in the next succeeding calendar month immediately preceding the next succeeding New Payment DateDate in such calendar month.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.