Borrower agrees to pay interest on the Note Amount outstanding from time to time at the rate of _____________ percent (__%) per annum [current rate of interest on mezzanine loan] (“ Base Rate” ) commencing on the date hereof and continuing until the Maturity Date or the repayment in full of the Note, whichever is first to occur. Interest shall be computed using the actual number of days in the period for which such computation is made and a per diem rate equal to 1/360 of the rate per annum.  All accrued and unpaid interest shall be due and payable quarterly on or before January 1, April 1, July 1 and October 1 of each year until the Note Amount has been paid in full.