Common use of Interest Rate and Payment Terms Clause in Contracts

Interest Rate and Payment Terms. The Loans shall be payable as to interest and principal in accordance with the provisions of this Agreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment Percentage. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note held by each Lender based upon such Lender's Commitment Percentage.

Appears in 2 contracts

Samples: Acquisition Loan Agreement (Chartermac), Loan Agreement (Charter Municipal Mortgage Acceptance Co)

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Interest Rate and Payment Terms. The Loans shall be payable as to interest and principal in accordance with the provisions of this Agreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders made by either Borrower shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment PercentagePercentage of the respective Loans. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note portion of the balance due under the Notes held by each Lender based upon such Lender's Commitment Percentage.

Appears in 1 contract

Samples: Master Loan Agreement (Newkirk Master Lp)

Interest Rate and Payment Terms. The Loans shall be payable as to interest and principal in accordance with the provisions of this Agreement and the NotesNote. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender's ’s Commitment PercentagePercentage of the Loans. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 11:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note held by each Lender based upon such Lender's ’s Commitment Percentage.

Appears in 1 contract

Samples: Loan Agreement (STAG Industrial, Inc.)

Interest Rate and Payment Terms. The Loans shall be payable as to interest and principal in accordance with the provisions of this Agreement and the NotesNote. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders made by the Borrower shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment PercentagePercentage of the Loan. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note portion of the balance due under the Notes held by each Lender based upon such Lender's Commitment Percentage.

Appears in 1 contract

Samples: Loan Agreement (Winthrop Realty Trust)

Interest Rate and Payment Terms. The Loans Loan shall be payable as to interest and principal in accordance with the provisions of this Agreement and the NotesNote. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment PercentagePercentage of the Loan. The Administrative Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Administrative Agent and to be allocated on a pro rata basis to the Note held by each Lender based upon such Lender's Commitment Percentage.

Appears in 1 contract

Samples: Senior Loan Agreement (NNN 2002 Value Fund LLC)

Interest Rate and Payment Terms. The Loans Loan shall be payable as to interest and principal in accordance with the provisions of this Agreement and the NotesNote. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment PercentagePercentage of the Loan. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the portion of the balance due under the Note held by each Lender based upon such Lender's Commitment Percentage.

Appears in 1 contract

Samples: Loan Agreement (Newkirk Master Lp)

Interest Rate and Payment Terms. The Loans shall be payable as to interest and principal in accordance with the provisions of this Agreement and the NotesNote. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders made by the Borrower shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment PercentagePercentage of the Loan. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. 1:00 p.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note portion of the balance due under the Notes held by each Lender based upon such Lender's Commitment Percentage.

Appears in 1 contract

Samples: Loan Agreement (Newkirk Master Lp)

Interest Rate and Payment Terms. The Loans Loan shall be payable as to interest and principal in accordance with the provisions of this Agreement and the NotesNote. This Agreement also provides for interest at a Default Rate, Late Charges Charges, Mandatory Principal Payments, and prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment PercentagePercentage of the Loan. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the portion of the balance due under the Note held by each Lender based upon such Lender's Commitment Percentage.

Appears in 1 contract

Samples: Loan Agreement (Shelbourne Properties I Inc)

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Interest Rate and Payment Terms. The Loans All Advances made under the Loan shall be payable as to interest and principal in accordance with the provisions of this Agreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and addresses prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender's ’s Commitment Percentage. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. 2:00 p.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note held by each Lender based upon such Lender's ’s Commitment Percentage.

Appears in 1 contract

Samples: Mortgage Warehousing (Ares Commercial Real Estate Corp)

Interest Rate and Payment Terms. The Loans shall be payable as to interest and principal in accordance with the provisions of this Agreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders made by either Borrower shall be applied to the respective accounts of the Lenders in accordance with each Lender's ’s Commitment PercentagePercentage of the respective Loans. The Administrative Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. 12:00 noon on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Administrative Agent and to be allocated on a pro rata basis to the Note portion of the balance due under the Notes held by each Lender based upon such Lender's ’s Commitment Percentage.

Appears in 1 contract

Samples: Master Loan Agreement (Newkirk Realty Trust, Inc.)

Interest Rate and Payment Terms. The Loans Loan shall be payable as to interest and principal in accordance with the provisions of this Agreement and the NotesNote. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders made by the Borrower shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment Percentage’s Percentage of the Loan. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note portion of the balance due under the Notes held by each Lender based upon such Lender's Commitment ’s Percentage.

Appears in 1 contract

Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments)

Interest Rate and Payment Terms. The Loans shall be payable as to interest and principal in accordance with the provisions of this Agreement and the NotesNote. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders made by the Borrower shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment Percentage’s Percentage of the Loan. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note portion of the balance due under the Notes held by each Lender based upon such Lender's Commitment ’s Percentage.

Appears in 1 contract

Samples: Loan Agreement (Winthrop Realty Trust)

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