PREPAYMENT—STEPPED. Borrower acknowledges that any prepayment of this Note will cause Lender to lose its interest rate yield on this Note and will possibly require that Lender reinvest any such prepayment amount in loans of a lesser interest rate yield (including, without limitation, in debt obligations other than first mortgage loans on commercial properties). As a consequence, Borro▇▇▇ ▇▇▇▇es as follows, as an integral part of the consideration for Lende▇’▇ ▇▇king the Loan:
Appears in 3 contracts
Sources: Promissory Note (Cole Credit Property Trust III, Inc.), Promissory Note (Cole Credit Property Trust III, Inc.), Promissory Note (Cole Credit Property Trust III, Inc.)
PREPAYMENT—STEPPED. Borrower acknowledges that any prepayment of this Note will cause Lender to lose its interest rate yield on this Note and will possibly require that Lender reinvest any such prepayment amount in loans of a lesser interest rate yield (including, without limitation, in debt obligations other than first mortgage loans on commercial properties). As a consequence, Borro▇▇▇ ▇▇▇▇es ▇▇▇▇ agrees as follows, as an integral part of the consideration for Lende▇’▇ ▇▇king ▇▇▇▇’s making the Loan:
Appears in 2 contracts
Sources: Promissory Note (Cole Credit Property Trust III, Inc.), Promissory Note (Cole Credit Property Trust III, Inc.)