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Common use of Participating Interest Clause in Contracts

Participating Interest. Borrower shall have no obligation to accrue or pay Participating Interest at any time.

Appears in 5 contracts

Sources: Loan Agreement (Golf Trust of America Inc), Loan Agreement (Golf Trust of America Inc), Loan Agreement (Gta-Ib, LLC)

Related Clauses

  • Participating Interests
  • The Participating Interests
  • Compensating Interest
  • Calculating Interest
  • Varying Interests

Parent Clauses

  • Scope
  • Definitions
  • Compensation; Equity
  • Interest on Additional Interest Amount
  • COUNTERPARTS

Sub-Clauses

  • PARTICIPATING INTEREST
  • OWNERSHIP, OBLIGATIONS AND LIABILITIES GOVERNED BY JOINT VENTURE AGREEMENT
  • Ownership, Obligations and Liabilities
  • TERM BORROWINGS
  • TERM NOTES; LOAN ACCOUNT RECORD OF TERM LOANS
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