Components of the Loan. For the purpose of computing interest payable from time to time on the principal amount of the Loan and certain other computations set forth herein, the principal balance of the Loan shall be divided into Component A, Component B and Component C. The principal amount and Interest Rate of each of the Components shall be as follows: A-1 $ 55,000,000.00 Floating Interest Rate A-2 $ 50,000,000.00 Floating Interest Rate A-3 $ 50,000,000.00 Floating Interest Rate A-4 $ 50,000,000.00 Floating Interest Rate A-5 $ 50,000,000.00 Floating Interest Rate A-6 $ 50,000,000.00 Floating Interest Rate A-7 $ 45,000,000.00 Floating Interest Rate B $ 350,000,000.00 Fixed Interest Rate C $ 1,820,000,000.00 Fixed Interest Rate
Appears in 1 contract
Sources: Loan Agreement (ESH Hospitality LLC)
Components of the Loan. For the purpose of computing interest payable from time to time on the principal amount of the Loan and certain other computations set forth herein, the principal balance of the Loan shall be divided into Component A, Component B and Component C. The principal amount and Interest Rate of each of the Components shall be as follows: A-1 $ 55,000,000.00 52,500,000.00 Floating Interest Rate A-2 $ 50,000,000.00 129,500,000.00 Floating Interest Rate A-3 $ 50,000,000.00 62,000,000.00 Floating Interest Rate A-4 $ 50,000,000.00 52,000,000.00 Floating Interest Rate A-5 $ 50,000,000.00 Floating Interest Rate A-6 $ 50,000,000.00 Floating Interest Rate A-7 $ 45,000,000.00 54,000,000.00 Floating Interest Rate B $ 350,000,000.00 Fixed Interest Rate C $ 1,820,000,000.00 Fixed Interest Rate
Section 3. Amendment to Section 2.2.
Appears in 1 contract
Sources: Loan Agreement (ESH Hospitality LLC)