Common use of Components of the Loan Clause in Contracts

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)