Common use of Accrued Interest to Date Clause in Contracts

Accrued Interest to Date. As additional consideration, the Parties agree that all accrued and unpaid interest on the Principal Amount as of June 30, 2020 shall be converted into the Principal Amount (“Additional Principal Amount”) and shall earn interest per the Promissory Note.

Appears in 2 contracts

Samples: Secured Promissory Note (Flux Power Holdings, Inc.), Secured Promissory Note (Flux Power Holdings, Inc.)

AutoNDA by SimpleDocs

Accrued Interest to Date. As additional consideration, the Parties agree that all accrued and unpaid interest on the Principal Amount as of June 30July 27, 2020 2020, which equals the amount of $968,603 shall be converted into the Principal Amount (“Additional Principal Amount”) and shall earn interest per the Promissory Amended Note.

Appears in 1 contract

Samples: Flux Power Holdings, Inc.

Accrued Interest to Date. As additional consideration, the Parties agree agreed that all accrued and unpaid interest on the Principal Amount as of June 30, 2020 shall be converted into the Principal Amount (“Additional Principal Amount”) and shall earn interest per the Promissory Amended Note.

Appears in 1 contract

Samples: Flux Power Holdings, Inc.

Accrued Interest to Date. As additional consideration, the Parties agree agreed that all accrued and unpaid interest on the Principal Amount as of June 30March 31, 2020 shall be converted into the Principal Amount (“Additional Principal Amount”) and shall earn interest per the Promissory Amended Note.

Appears in 1 contract

Samples: Promissory Note (Flux Power Holdings, Inc.)

AutoNDA by SimpleDocs

Accrued Interest to Date. As additional consideration, the Parties agree agreed that all accrued and unpaid interest on the Principal Amount as of June 30May 31, 2020 shall be converted into the Principal Amount (“Additional Principal Amount”) and shall earn interest per the Promissory Amended Note.

Appears in 1 contract

Samples: Flux Power Holdings, Inc.

Accrued Interest to Date. As additional consideration, the Parties agree agreed that all accrued and unpaid interest on the Principal Amount as of June April 30, 2020 shall be converted into the Principal Amount (“Additional Principal Amount”) and shall earn interest per the Promissory Amended Note.

Appears in 1 contract

Samples: Flux Power Holdings, Inc.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!