Determination of Interest Rate. (a) Any change in the rate of interest hereunder due to a change in the Applicable Interest Rate shall become effective as of the first day of the new Interest Period. Each determination by Lender of the Applicable Interest Rate shall be conclusive and binding for all purposes, absent manifest error.
Appears in 8 contracts
Samples: Loan Agreement (MPG Office Trust, Inc.), Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)
Determination of Interest Rate. (a) Any change in the rate of interest hereunder due to a change in the Applicable Interest Rate shall become effective as of the first day of on which such change in the new Applicable Interest PeriodRate shall become effective. Each determination by Lender of the Applicable Interest Rate shall be conclusive and binding for all purposes, absent manifest error.
Appears in 4 contracts
Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.), Management Agreement (Ashford Hospitality Prime, Inc.), Loan Agreement (Kindercare Learning Centers Inc /De)
Determination of Interest Rate. (a) Any change in the rate of interest hereunder due to a change in the Applicable Interest Rate shall become effective as of the first day of on which such change in the new Applicable Interest PeriodRate shall become effective. Each determination by Lender Agent of the Applicable Interest Rate shall be conclusive and binding for all purposes, absent manifest error.
Appears in 2 contracts
Samples: Loan Agreement (Black Creek Diversified Property Fund Inc.), Loan Agreement (Black Creek Diversified Property Fund Inc.)
Determination of Interest Rate. (a) ). Any change in the rate of interest hereunder due to a change in the Applicable Interest Rate shall become effective as of the first day of on which such change in the new Applicable Interest PeriodRate shall become effective. Each determination by Lender Agent of the Applicable Interest Rate shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (Black Creek Diversified Property Fund Inc.)
Determination of Interest Rate. (a) Any change in the rate of interest hereunder due to a change in the Applicable Interest Rate shall become effective as of the first day on which such change in the Applicable Interest Rate shall become effective; provided, however, that changes in the Applicable Interest Rate shall occur on the first day of the new an Interest PeriodPeriod unless otherwise required by any Legal Requirement. Each determination by Lender of the Applicable Interest Rate shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
