Applicable Interest Rate. Subject to the terms and conditions of this Section, interest on the Outstanding Principal Balance shall accrue throughout the Term at the Applicable Interest Rate. Borrower shall pay to Lender on each Monthly Payment Date the interest accrued or to be accrued on the Loan for the related Interest Period.
Appears in 2 contracts
Samples: Mezzanine a Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine B Loan Agreement (Hospitality Investors Trust, Inc.)
Applicable Interest Rate. Subject to the terms and conditions of this Section, interest on the Outstanding Principal Balance Loan shall accrue interest throughout the Term at the Applicable Interest RateRate during each Interest Period. Borrower shall pay to Lender on each Monthly Payment Date the interest accrued or to be accrued on the Loan for the related Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.)
