Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 103 contracts
Samples: Line of Credit Agreement (Star Alliance International Corp.), Convertible Security Agreement (AgEagle Aerial Systems Inc.), Convertible Security Agreement (Wearable Health Solutions, Inc.)
Application of Payments. Interest on this Note shall be calculated on the basis of a 360365 or 366-day year as the case may be and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 41 contracts
Samples: Convertible Security Agreement (Global Technologies LTD), Convertible Security Agreement (Global Technologies LTD), Convertible Security Agreement (Global Technologies LTD)
Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsedtwelve 30 day months. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 8 contracts
Samples: Securities Purchase Agreement (Accelerated Pharma, Inc.), Securities Purchase Agreement (Accelerated Pharma, Inc.), Securities Purchase Agreement (Accelerated Pharma, Inc.)
Application of Payments. Interest Interest, if any, on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 6 contracts
Samples: Convertible Security Agreement (Reign Sapphire Corp), Convertible Security Agreement (Gratitude Health, Inc.), Convertible Security Agreement (Reign Sapphire Corp)
Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts interest that is due hereunder other than principal and interest, payable on the date of such payment and thereafter to interest and finally to principal, except where expressly provided otherwise.
Appears in 4 contracts
Samples: 10% Note (Stronghold Digital Mining, Inc.), 10.0% Note (Stronghold Digital Mining, Inc.), 10.0% Note (Stronghold Digital Mining, Inc.)
Application of Payments. Interest on this Note shall be calculated on the basis of a 360365-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 4 contracts
Samples: Convertible Security Agreement (Andalay Solar, Inc.), Convertible Security Agreement (NightFood Holdings, Inc.), Convertible Security Agreement (NightFood Holdings, Inc.)
Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 3 contracts
Samples: Convertible Security Agreement (XpresSpa Group, Inc.), Convertible Security Agreement (XpresSpa Group, Inc.), Convertible Security Agreement (XpresSpa Group, Inc.)
Application of Payments. Interest on this Note Note, if any, shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 2 contracts
Samples: Promissory Note (Alternus Energy Inc.), Convertible Security Agreement (Generex Biotechnology Corp)
Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year year, compounded daily, and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 2 contracts
Samples: Convertible Security Agreement (Andalay Solar, Inc.), Convertible Security Agreement (YayYo, Inc.)
Application of Payments. Interest on this Note shall be calculated on the basis of a 360365-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.
Appears in 1 contract
Samples: Convertible Note Agreement (Viatar CTC Solutions Inc.)
Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts interest that is due hereunder other than principal and interest, payable on the date of such payment and thereafter to interest and finally to principal.
Appears in 1 contract
Samples: Convertible Security Agreement (Stronghold Digital Mining, Inc.)
