Common use of Computation and Payment of Interest Clause in Contracts

Computation and Payment of Interest. All Interest shall be computed on the daily unpaid Principal balance of this Note based on a three hundred sixty (360) day year. Accrued Interest hereunder shall be payable monthly in arrears on or before the fifth day of each calendar month commencing on February 5, 2014. All Interest shall be paid in cash.

Computation and Payment of Interest. All Interest shall be computed on the daily unpaid Principal balance of this Note based on a three hundred sixty (360) day year. Accrued Interest hereunder shall be payable monthly in arrears on or before the fifth day of each calendar month commencing on February July 5, 20142013. All Interest shall be paid in cash.

Computation and Payment of Interest. All Interest shall be computed on the daily unpaid Principal balance of this Note based on a three hundred sixty (360) day year. Accrued Interest hereunder shall be payable monthly in arrears on or before the fifth day of each calendar month commencing on February June 5, 20142012. All Interest paid in kind shall be paid in cashadded to the outstanding Principal balance of this Note.

Computation and Payment of Interest. All Interest shall be computed on the daily unpaid Principal balance of this Note based on a three hundred sixty (360) day year. Accrued Interest hereunder shall be payable monthly in arrears on or before the fifth day of each calendar month commencing on February January 5, 2014. All Interest shall be paid in cash.