Present Value Factor. the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: n = the number of months remaining in Yield Maintenance Period; provided, however, if a prepayment occurs on an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall be calculated beginning with the month in which such prepayment occurs and if such prepayment occurs on a Business Day other than an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall be calculated beginning with the month immediately following the date of such prepayment. ARR = Assumed Reinvestment Rate
Appears in 57 contracts
Sources: Loan Agreement, Multifamily Note, Multifamily Note
Present Value Factor. the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: n = n= the number of months remaining in Yield Maintenance Period; provided, however, if a prepayment occurs on an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall be calculated beginning with the month in which such prepayment occurs and if such prepayment occurs on a Business Day other than an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall be calculated beginning with the month immediately following the date of such prepayment. ARR = Assumed Reinvestment Rate
Appears in 9 contracts
Sources: Multifamily Note (Angeles Income Properties LTD 6), Multifamily Note (Shelter Properties Ii LTD Partnership), Multifamily Note (Shelter Properties Ii LTD Partnership)
Present Value Factor. the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: n = the number of months remaining in Yield Maintenance Period; provided, however, if a prepayment occurs on an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall will be calculated beginning with the month in which such prepayment occurs and if such prepayment occurs on a Business Day other than an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall will be calculated beginning with the month immediately following the date of such prepayment. ARR = Assumed Reinvestment Rate
Appears in 3 contracts
Sources: Multifamily Note (KBS Legacy Partners Apartment REIT, Inc.), Multifamily Note (KBS Legacy Partners Apartment REIT, Inc.), Multifamily Note (Paladin Realty Income Properties Inc)
Present Value Factor. the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, Period using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: n = the number of months remaining in the Yield Maintenance Period; provided, however, if a prepayment occurs on an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall be calculated beginning with the month in which such prepayment occurs and if such prepayment occurs on a Business Day other than an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall be calculated beginning with the month immediately following the date of such prepayment. ARR = Assumed Reinvestment Rate
Appears in 2 contracts
Sources: Multifamily Note (NTS Realty Holdings Lp), Multifamily Note (Paladin Realty Income Properties Inc)
Present Value Factor. the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: (1-(1/(1+ARR))n)/ARR n = the number of months remaining in Yield Maintenance Period; provided, however, if a prepayment occurs on an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall be calculated beginning with the month in which such prepayment occurs and if such prepayment occurs on a Business Day other than an Installment Due Date, then the number of months remaining in the Yield Maintenance Period shall be calculated beginning with the month immediately following the date of such prepayment. ARR = Assumed Reinvestment Rate
Appears in 1 contract
Sources: Consolidated, Amended and Restated Multifamily Note (Riverside Park Associates Lp)
Present Value Factor. the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: n = the number of months remaining in the Yield Maintenance Period; provided, however, if a prepayment Prepayment occurs on an Installment Due a Payment Date, then the number of months remaining in the Yield Maintenance Period shall will be calculated beginning with the month in which such prepayment Prepayment occurs and if such prepayment Prepayment occurs on a Business Day other than an Installment Due a Payment Date, then the number of months remaining in the Yield Maintenance Period shall will be calculated beginning with the month immediately following the date of such prepaymentPrepayment. ARR = Assumed Reinvestment Rate
Appears in 1 contract
Sources: Note