Common use of Contract Rate Adjustments and Payments Clause in Contracts

Contract Rate Adjustments and Payments. The Contract Rate shall be calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date (each a “Determination Date”) and shall be subject to adjustment as set forth herein.

Appears in 4 contracts

Samples: Other Companies (American Technologies Group Inc), Other Companies (American Technologies Group Inc), Iwt Tesoro Corp

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Contract Rate Adjustments and Payments. The Contract Rate shall be calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date (each a “Determination Date”) and shall be subject to adjustment as set forth herein).

Appears in 4 contracts

Samples: Secured Term Note (Naturade Inc), Airnet Communications Corp, Airnet Communications Corp

Contract Rate Adjustments and Payments. The Contract Rate shall be calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date (each a “Determination Date”) and shall be subject to adjustment as set forth herein.or

Appears in 3 contracts

Samples: Secured Revolving Note (Dynamic Health Products Inc), Accentia Biopharmaceuticals Inc, Windswept Environmental Group Inc

Contract Rate Adjustments and Payments. The Contract Rate shall be calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date (each a “Determination Date”) and shall be subject to adjustment as set forth herein.

Appears in 2 contracts

Samples: Patients & Physicians, Inc., Reliant Home Warranty Corp

Contract Rate Adjustments and Payments. The Contract Rate shall be calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date (each a “Determination Date”) and shall be subject to adjustment as set forth herein.. SECURED REVOLVING NOTE

Appears in 1 contract

Samples: Essential Innovations Technology Corp

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Contract Rate Adjustments and Payments. The Contract Rate shall be calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date (each a “Determination Date”"DETERMINATION DATE") and shall be subject to adjustment as set forth herein.. If (i) the Company shall have registered the shares of the Common Stock underlying the conversion of each Minimum Borrowing Note and the Option

Appears in 1 contract

Samples: Riviera Tool Co

Contract Rate Adjustments and Payments. The Contract Rate shall be calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date (each a “Determination Date”) and shall be subject to adjustment as set forth herein.. If (i) the Company shall have registered the shares of the Common Stock underlying the conversion of this Note and each Warrant on a registration statement declared effective by the Securities and Exchange Commission (the “SEC”), and

Appears in 1 contract

Samples: Biodelivery Sciences International Inc

Contract Rate Adjustments and Payments. The Contract Rate shall be ------------------------------------------ calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date (each a “Determination Date”"DETERMINATION DATE") and shall be subject to adjustment as set forth herein.

Appears in 1 contract

Samples: New Century Energy Corp.

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