Loan Payments. (a) The Loan shall bear interest at a fixed rate per annum equal to the Note Rate. Interest shall be computed based on the daily rate produced assuming a three hundred sixty (360) day year, multiplied by the actual number of days elapsed. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.
Appears in 17 contracts
Samples: Work Letter Agreement (MPG Office Trust, Inc.), Loan Agreement (American Assets Trust, Inc.), Loan Agreement (Maguire Properties Inc)
Loan Payments. (a) The Loan shall bear interest at a fixed rate per annum equal to the Note LIBOR Rate or the Static LIBOR Rate, as applicable (the "NOTE RATE"). Interest shall be computed based on the daily rate produced assuming a three hundred sixty (360) day year, multiplied by the actual number of days elapsed. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.
Appears in 5 contracts
Samples: Mezzanine Loan Agreement (Maguire Properties Inc), Mezzanine Loan Agreement (Maguire Properties Inc), Senior Mezzanine Loan Agreement (Maguire Properties Inc)
Loan Payments. (a) The Loan shall bear interest at a fixed rate per annum equal to the Note Rate. Interest shall be computed based on the daily rate produced assuming a three hundred sixty (360) day year, multiplied by based on the actual number of days elapsedthe Loan is outstanding in the month and the actual number of days in the calendar year. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.
Appears in 1 contract
Samples: Term Loan Agreement (Developers Diversified Realty Corp)
