Common use of Interest and Principal Payments Clause in Contracts

Interest and Principal Payments. (a) Interest on each Eurodollar Rate Borrowing shall be due and payable as it accrues on the last day of its respective Interest Period and on the Termination Date, as applicable; PROVIDED THAT, with respect to Eurodollar Rate Borrowings having an Interest Period in excess of three (3) months, Borrower shall pay interest on the three month anniversary of the beginning of such Interest Period, on the expiration of each Interest Period, and on the Termination Date. Interest on each Base Rate Borrowing shall be due and payable as it accrues on each March 31, June 30, September 30, and December 31, and on the Termination Date. (b) (i) On any date of determination (i) if the Revolver Commitment Usage exceeds the Revolver Commitment, (ii) or if the Swing Line Principal Debt exceeds the Swing Line Subfacility, or (iii) if the sum of the Revolver Principal Debt, together (without duplication) with the LC Exposure, exceeds the Revolver Commitment, then Borrower shall make a mandatory prepayment of the Revolver Principal Debt of at least the amount of such excess, TOGETHER WITH (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof. All mandatory prepayments hereunder for the Revolver Facility shall be applied Pro Rata to each Lender's Committed Sum thereunder.

Interest and Principal Payments. (a) Except as otherwise provided herein, interest on all Advances shall accrue at the Prime Rate, provided, that said interest rate shall not, in any event, be reduced to an interest rate that is less than 4.0% per annum. The interest rate shall be adjusted daily. Interest accrued on each Eurodollar Rate Borrowing Advance shall be due and payable as it accrues paid to Lender in arrears on the last first Business Day of the month immediately succeeding the month during which any Advance is made by Lender and on the first day of its each and every month thereafter until such Advance is paid in full. Deposit Advances shall be paid in full on the date of closing of the acquisition of the respective Interest Period and Property or on the date of closing of permanent financing for a Property, as applicable. With respect to Notes evidencing Deposit Advances that are not paid in full prior to the Termination Date, as applicable; PROVIDED THATin the event that Borrower has not replaced this Facility with a facility provided by a different lender, with respect to Eurodollar Rate Borrowings having an Interest Period or in excess of three (3) monthsthe event that Lender has not renewed this Facility, Borrower shall pay interest on Lender will extend the three month anniversary term of the beginning of Note evidencing such Interest PeriodDeposit Advance for an additional term, on the expiration of each Interest Periodprovided, that such additional term shall, in any and on all events, mature not later than six (6) months subsequent the Termination Date. Interest on each Base Rate Borrowing Acquisition Advances shall be due and payable as it accrues paid in full upon the earlier to occur of (i) closing of the permanent financing for the respective Property, or (ii) six (6) months from the date on each March 31which such Acquisition Advance is made by Lender, June 30provided, September 30in the event that said 6-month term expires subsequent to the Termination Date , and December 31, and on the maturity date of such Note shall be that date which is six (6) months subsequent to the date of execution of such Note. With respect to Notes evidencing Acquisition Advances that mature subsequent to the Termination Date. (b) , in the event that Borrower has not replaced this Facility with a facility provided by a different lender, or in the event that Lender has not renewed this Facility, Lender will extend the term of the Note evidencing such Acquisition Advance for an additional term not exceeding 364 calendar days from the initial maturity date for such Acquisition Advance (i) On any date of determination at an interest rate not exceeding one percent (i1.0%) if greater than the Revolver Commitment Usage exceeds the Revolver CommitmentPrime Rate, (ii) or if for a term not exceeding 364 calendar days from the Swing Line Principal Debt exceeds initial maturity date of the Swing Line SubfacilityNote executed in conjunction with such Acquisition Advance, or and (iii) if requiring payment of principal and interest installments amortized over a term equal to the sum remaining term of the Revolver Principal DebtProperty Lease pertaining to the Property with respect to which such Acquisition Advance was granted, together provided, in the event that such Property Lease includes a provision that permits termination of such Property Lease on a date (without duplication“Early Termination Date”) that precedes the scheduled maturity date of such Property Lease, such amortization term shall be reduced to a date that is coterminous with the LC Exposure, exceeds Early Termination Date. Borrower or a Subsidiary may prepay all or any part of any Advance at any time upon ten (10) Business Days’ prior written notice to Lender. Each such notice shall specify the Revolver Commitment, then Borrower shall make a mandatory prepayment of date and the Revolver Principal Debt of at least the amount of such excess, TOGETHER WITH (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof. All mandatory prepayments hereunder for the Revolver Facility shall be applied Pro Rata to each Lender's Committed Sum thereunderAdvance being prepaid.

Interest and Principal Payments. (a) Interest on the outstanding principal balance of this Mortgage Note shall accrue at the rate of Eight and Ninety-Six Hundredths (8.96%) percent per annum (the "Interest Rate") (in the event of an Event of Default, payment of an additional amount equal to interest at the Default Rate (as hereinafter defined) on the outstanding principal amount of this Mortgage Note shall also be due for each Eurodollar Interest Accrual Period during any part of which such Event of Default continues in accordance with the provisions of Paragraph 3 hereof). Interest at the Interest Rate Borrowing shall be payable in equal monthly installments in arrears (each such monthly payment being an "Interest Installment") of $63,466.67 (except in the case of the Interest Installment due July 16, 1996, which shall be equal to $67,697.78) on or before 12:00 noon, Eastern Standard Time, on the fourth (4th) Business Day prior to the twentieth (20th) day of each calendar month or if such 20th day is not a Business Day, the next succeeding Business Day (the "Due Date") during the term hereof, commencing on July 16, 1996 until the Maturity Date (as hereinafter defined) or otherwise. Interest shall be computed on the basis of a 360-day year consisting of twelve (12) months of thirty (30) days each, and thirty (30) days' interest shall be paid on each Due Date and shall accrue from and including each Due Date to but not including the next succeeding Due Date, except with respect to the Due Date on July 16, 1996 on which thirty-two (32) days' interest shall be paid. The entire outstanding principal balance of this Mortgage Note, together with all accrued but unpaid interest hereon, shall be due and payable as it accrues to Lender on the last day Due Date in June, 2003 (the "Maturity Date") or on such earlier date as may be required under the terms of its respective Interest Period and on the Termination Date, as applicable; PROVIDED THAT, with respect to Eurodollar Rate Borrowings having an Interest Period in excess of three (3) months, Borrower shall pay interest on the three month anniversary of the beginning of such Interest Period, on the expiration of each Interest Period, and on the Termination Datethis Mortgage Note. Interest on each Base Rate Borrowing All payments hereunder shall be due and payable as it accrues on each March 31, June 30, September 30, and December 31, and on made by wire transfer of immediately available funds into an account designated by Xxxxxx (the Termination Date. (b"Collection Account") (i) On any date of determination (i) if the Revolver Commitment Usage exceeds the Revolver Commitment, (ii) or if the Swing Line Principal Debt exceeds the Swing Line Subfacility, or (iii) if the sum of the Revolver Principal Debt, together (without duplication) in accordance with the LC ExposureCash Collateral Agreement. In the event of any prepayment pursuant to the provisions of Paragraphs 4 or 5 hereof, exceeds the Revolver Commitment, then Borrower shall make a mandatory prepayment of the Revolver Principal Debt of at least the amount of such excess, TOGETHER WITH (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof. All mandatory prepayments hereunder for the Revolver Facility Interest Installment shall be applied Pro Rata adjusted to each Lender's Committed Sum thereunderreflect such prepayment.

Interest and Principal Payments. (a) Interest on the outstanding principal balance of this Mortgage Note shall accrue at the rate of Eight and Two One-Hundredths (8.02%) percent per annum (the "Interest Rate") (in the event of an Event of Default, payment of an additional amount equal to interest at the Default Rate (as hereinafter defined) on the outstanding principal amount of this Mortgage Note shall also be due for each Eurodollar Interest Accrual Period during any part of which such Event of Default continues in accordance with the provisions of Paragraph 3 hereof). Interest at the Interest Rate Borrowing shall be payable in equal monthly installments in arrears (each such monthly payment being an "Interest Installment") of $137,676.67 (except in the case of the Interest Installment due July 16, 1996, which shall be equal to $146,855.11) on or before 12:00 noon, Eastern Standard Time, on the fourth (4th) Business Day prior to the twentieth (20th) day of each calendar month or if such 20th day is not a Business Day, the next succeeding Business Day (the "Due Date") during the term hereof, commencing on July 16, 1996 the Maturity Date (as hereinafter defined) or otherwise. Interest shall be computed on the basis of a 360-day year consisting of twelve (12) months of thirty (30) days each, and thirty (30) days' interest shall be paid on each Due Date and shall accrue from and including each Due Date to but not including the next succeeding Due Date, except with respect to the Due Date on July 16, 1996 on which thirty-two (32) days' interest shall be paid. The entire outstanding principal balance of this Mortgage Note, together with all accrued but unpaid interest hereon, shall be due and payable as it accrues to Lender on the last day Due Date in June, 2003 (the "Maturity Date") or on such earlier date as may be required under the terms of its respective Interest Period and on the Termination Date, as applicable; PROVIDED THAT, with respect to Eurodollar Rate Borrowings having an Interest Period in excess of three (3) months, Borrower shall pay interest on the three month anniversary of the beginning of such Interest Period, on the expiration of each Interest Period, and on the Termination Datethis Mortgage Note. Interest on each Base Rate Borrowing All payments hereunder shall be due and payable as it accrues on each March 31, June 30, September 30, and December 31, and on made by wire transfer of immediately available funds into an account designated by Lexxxx (the Termination Date. (b"Collection Account") (i) On any date of determination (i) if the Revolver Commitment Usage exceeds the Revolver Commitment, (ii) or if the Swing Line Principal Debt exceeds the Swing Line Subfacility, or (iii) if the sum of the Revolver Principal Debt, together (without duplication) in accordance with the LC ExposureCash Collateral Agreement. In the event of any prepayment pursuant to the provisions of Paragraphs 4 or 5 hereof, exceeds the Revolver Commitment, then Borrower shall make a mandatory prepayment of the Revolver Principal Debt of at least the amount of such excess, TOGETHER WITH (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof. All mandatory prepayments hereunder for the Revolver Facility Interest Installment shall be applied Pro Rata adjusted to each Lender's Committed Sum thereunderreflect such prepayment.

Interest and Principal Payments. (a) Interest on the outstanding principal balance of this Mortgage Note shall accrue at the rate of Seven and Eighty-One Hundredths (7.80%) percent per annum (the "Interest Rate") (in the event of an Event of Default, payment of an additional amount equal to interest at the Default Rate (as hereinafter defined) on the outstanding principal amount of this Mortgage Note shall also be due for each Eurodollar Interest Accrual Period during any part of which such Event of Default continues in accordance with the provisions of Paragraph 3 hereof). Interest at the Interest Rate Borrowing shall be payable in monthly installments in arrears (each such monthly payment being an "Interest Installment") of $804,050.00 (except in the case of the Interest Installment due July 16, 1996, which shall be equal to $857,653.33) on or before 12:00 noon, Eastern Standard Time, on the fourth (4th) Business Day prior to the twentieth (20th) day of each calendar month or if such 20th day is not a Business Day, the next succeeding Business Day (each, a "Due Date") during the term hereof, commencing on July 16, 1996 until the Maturity Date (as hereinafter defined) or otherwise. Interest shall be computed on the basis of a 360-day year consisting of twelve (12) months of thirty (30) days each, and thirty (30) days' interest shall be paid on each Due Date and shall accrue from and including each Due Date to but not including the next succeeding Due Date, except with respect to the Due Date on July 16, 1996 on which thirty-two (32) days' interest shall be paid. The entire outstanding principal balance of this Mortgage Note, together with all accrued but unpaid interest hereon, shall be due and payable as it accrues to Lender on the last day Due Date in June, 2003 (the "Maturity Date") or on such earlier date as may be required under the terms of its respective Interest Period and on the Termination Date, as applicable; PROVIDED THAT, with respect to Eurodollar Rate Borrowings having an Interest Period in excess of three (3) months, Borrower shall pay interest on the three month anniversary of the beginning of such Interest Period, on the expiration of each Interest Period, and on the Termination Datethis Mortgage Note. Interest on each Base Rate Borrowing All payments hereunder shall be due and payable as it accrues on each March 31, June 30, September 30, and December 31, and on made by wire transfer of immediately available funds into an account designated by Lender (the Termination Date. (b"Collection Accounx") (i) On any date of determination (i) if the Revolver Commitment Usage exceeds the Revolver Commitment, (ii) or if the Swing Line Principal Debt exceeds the Swing Line Subfacility, or (iii) if the sum of the Revolver Principal Debt, together (without duplication) xx accordance with the LC ExposureCash Collateral Agreement. In the event of any prepayment pursuant to the provisions of Paragraphs 4 or 5 hereof, exceeds the Revolver Commitment, then Borrower shall make a mandatory prepayment of the Revolver Principal Debt of at least the amount of such excess, TOGETHER WITH (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof. All mandatory prepayments hereunder for the Revolver Facility Interest Installment shall be applied Pro Rata adjusted to each Lender's Committed Sum thereunderreflect such prepayment.

Interest and Principal Payments. (a) Interest on the outstanding principal balance of this Mortgage Note shall accrue at the rate of Eight and Thirty-Two One Hundredths (8.32%) percent per annum (the "Interest Rate") (in the event of an Event of Default, payment of an additional amount equal to interest at the Default Rate (as hereinafter defined) on the outstanding principal amount of this Mortgage Note shall also be due for each Eurodollar Interest Accrual Period during any part of which such Event of Default continues in accordance with the provisions of Paragraph 3 hereof). Interest at the Interest Rate Borrowing shall be payable in equal monthly installments in arrears (each such monthly payment being an "Interest Installment") of $200,373.33 (except in the case of the Interest Installment due July 16, 1996, which shall be equal to $213,731.56) on or before 12:00 noon, Eastern Standard Time, on the fourth (4th) Business Day prior to the twentieth (20th) day of each calendar month or if such 20th day is not a Business Day, the next succeeding Business Day (the "Due Date") during the term hereof, commencing on July 16, 1996 until the Maturity Date (as hereinafter defined) or otherwise. Interest shall be computed on the basis of a 360-day year consisting of twelve (12) months of thirty (30) days each, and thirty (30) days' interest shall be paid on each Due Date and shall accrue from and including each Due Date to but not including the next succeeding Due Date, except with respect to the Due Date on July 16, 1996 on which thirty-two (32) days' interest shall be paid. The entire outstanding principal balance of this Mortgage Note, together with all accrued but unpaid interest hereon, shall be due and payable as it accrues to Lender on the last day Due Date in June 2003 (the "Maturity Date") or on such earlier date as may be required under the terms of its respective Interest Period and on the Termination Date, as applicable; PROVIDED THAT, with respect to Eurodollar Rate Borrowings having an Interest Period in excess of three (3) months, Borrower shall pay interest on the three month anniversary of the beginning of such Interest Period, on the expiration of each Interest Period, and on the Termination Datethis Mortgage Note. Interest on each Base Rate Borrowing All payments hereunder shall be due and payable as it accrues on each March 31, June 30, September 30, and December 31, and on made by wire transfer of immediately available funds into an account designated by Lender (the Termination Date. (b"Collection Accounx") (i) On any date of determination (i) if the Revolver Commitment Usage exceeds the Revolver Commitment, (ii) or if the Swing Line Principal Debt exceeds the Swing Line Subfacility, or (iii) if the sum of the Revolver Principal Debt, together (without duplication) xx accordance with the LC ExposureCash Collateral Agreement. In the event of any prepayment pursuant to the provisions of Paragraph 4 or 5 hereof, exceeds the Revolver Commitment, then Borrower shall make a mandatory prepayment of the Revolver Principal Debt of at least the amount of such excess, TOGETHER WITH (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof. All mandatory prepayments hereunder for the Revolver Facility Interest Installment shall be applied Pro Rata adjusted to each Lender's Committed Sum thereunderreflect such prepayment.