Common use of Components of the Loan Clause in Contracts

Components of the Loan. For purposes of the computation of the interest accrued on the Loan from time to time and certain other computations set forth herein, the Loan shall be divided into multiple components designated as “Component A”, “Component B”, “Component C”, “Component D”, “Component E” and “Component F”. The following table sets forth the initial principal amount of each such Component. Component Initial Principal Amount Component A $271,878,000.00 Component B $101,421,000.00 Component C $66,000,000.00 Component D $120,769,000.00 Component E $167,658,000.00 Component F $137,274,000.00” (c) Schedule I-M1 of the Loan Agreement shall be amended by changing the Original Mezzanine Allocated Loan Amount for the Individual Property commonly known as ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Turnpike from 1,523,631 to 1,523,621. (d) The first sentence of paragraph (o) of Schedule V of the Loan Agreement shall be amended by replacing the first word of such sentence (“With”) with the following: “Each Borrower has been and shall be a Delaware limited liability company or a Delaware limited partnership, and with”

Appears in 1 contract

Sources: Loan Agreement (American Realty Capital Hospitality Trust, Inc.)

Components of the Loan. For purposes of the computation of the interest accrued on the Loan from time to time and certain other computations set forth herein, the Loan shall be divided into multiple components designated as “Component A”, “Component B”, “Component C”, “Component D”, “Component E” and “Component F”. The following table sets forth the initial principal amount of each such Component. Component Initial Principal Amount Component A $$ 271,878,000.00 Component B $$ 101,421,000.00 Component C $$ 66,000,000.00 Component D $$ 120,769,000.00 Component E $$ 167,658,000.00 Component F $$ 137,274,000.00” (c) Schedule I-M1 of the Loan Agreement shall be amended by changing the Original Mezzanine Allocated Loan Amount for the Individual Property commonly known as ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Turnpike from 1,523,631 to 1,523,621. (d) The first sentence of paragraph (o) of Schedule V of the Loan Agreement shall be amended by replacing the first word of such sentence (“With”) with the following: “Each Borrower has been and shall be a Delaware limited liability company or a Delaware limited partnership, and with”

Appears in 1 contract

Sources: Loan Agreement (W2007 Grace Acquisition I Inc)