Initial Interest Rate. Generally, interest on the outstanding principal balance of the Loan shall accrue from the Closing Date (i) up to but excluding the Anticipated Repayment Date at the Initial Interest Rate if the Loan is not repaid in full on or before the Anticipated Repayment Date, or (ii) up to and including the Anticipated Repayment Date at the Initial Interest Rate if the Loan is repaid in full on or before the Anticipated Repayment Date.
Appears in 3 contracts
Sources: Loan Agreement (Alpine Income Property Trust, Inc.), Loan Agreement (Consolidated Tomoka Land Co), Loan Agreement (Cole Credit Property Trust Iv, Inc.)