Applicable Interest Rate. The outstanding principal amount of the Loan shall bear interest, as provided below, at the Applicable Interest Rate from time to time in effect based upon the LIBOR Fixed Rate or when specifically so provided in this Agreement, based upon either the Reference Rate plus the Reference Rate Margin or the LIBOR Floating Rate.
Appears in 3 contracts
Samples: Loan Agreement (Empire State Building Associates L.L.C.), Loan Agreement (Empire State Realty Trust, Inc.), Loan Agreement (Empire State Realty Trust, Inc.)
Applicable Interest Rate. The outstanding principal amount of the Loan shall bear interest, as provided below, at the Applicable Interest Rate from time to time in effect based upon the LIBOR Fixed Rate or when specifically so provided unless Agent determines, pursuant to and in accordance with the terms and provisions of this Agreement, that the Applicable Interest Rate shall be based upon either on the LIBOR Floating Rate or the Reference Rate plus the Reference Rate Margin or the LIBOR Floating RateMargin.
Appears in 1 contract
Applicable Interest Rate. The outstanding principal amount of the Loan shall bear interest, as provided below, at the Applicable Interest Rate from time to time in effect based upon the LIBOR Fixed Rate or when specifically so provided in unless Agent determines, pursuant to the terms and provisions of this Agreement, that the Applicable Interest Rate shall be based upon either on the LIBOR Floating Rate or the Reference Rate plus the Reference Rate Margin or the LIBOR Floating RateMargin.
Appears in 1 contract
Samples: Loan Agreement (Sothebys)
