Short Month Interest. If disbursement of principal is made by Lender to Borrower on any day other than the first day of the month, interest for the period beginning on the Disbursement Date and ending on and including the last day of the month in which such disbursement is made shall be payable simultaneously with the execution of this Note.
Appears in 18 contracts
Sources: Mortgage Note (Clipper Realty Inc.), Consolidation, Modification and Extension Agreement, Assignment of Leases and Rents and Security Agreement (Clipper Realty Inc.), Master Credit Facility Agreement (Archstone Inc.)
Short Month Interest. If disbursement of principal is made by Lender to Borrower on any day other than the first day of the month, interest for the period beginning on the Disbursement Effective Date and ending on and including the last day of the month in which such disbursement is made shall be payable simultaneously with the execution of this Note.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Sun Communities Inc)
Short Month Interest. If Unless disbursement of principal is made by Lender to Borrower on any day other than the first day of the month, interest for the period beginning on the Disbursement Date and ending on and including the last day of the month in which such disbursement is made shall be payable simultaneously with the execution of this Note.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Archstone Smith Operating Trust)
Short Month Interest. If disbursement of principal is made by Lender to Borrower on any day other than the first day ciay of the month, interest for the period period-beginning on the Disbursement Date and ending on and including the last day of the month in which such disbursement is made shall be payable simultaneously with the execution of this Note.
Appears in 1 contract
Sources: Mortgage Note (American Realty Capital New York Recovery Reit Inc)
Short Month Interest. If disbursement of principal is made by Lender Fannie Mae to Borrower on any day other than the first day of the month, interest for the period beginning on the Disbursement Date and ending on and including the last day of the month in which such disbursement is made shall be payable simultaneously with the execution of this Note.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Erp Operating LTD Partnership)