Note Rate. Interest on the outstanding principal balance of the Note shall bear and accrue interest at the Note Rate. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.
Appears in 5 contracts
Samples: Management Agreement (Ashford Hospitality Trust Inc), Mortgage Loan Agreement (Ashford Hospitality Trust Inc), Letter Agreement (Ashford Hospitality Trust Inc)
Note Rate. Interest on the outstanding principal balance of the Note Loan shall bear and accrue interest at the Note Rate. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Capital Lodging), Loan Agreement (Capital Lodging)