Common use of Contract Rate Clause in Contracts

Contract Rate. Subject to Sections 7.1 and 8.8 hereof, interest payable on this Debenture shall accrue at a rate per annum equal to twelve percent (12%) and shall be computed on the basis of a 365-day year.

Appears in 6 contracts

Samples: Tauriga Sciences, Inc., Tauriga Sciences, Inc., Tauriga Sciences, Inc.

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Contract Rate. Subject to Sections 7.1 and 8.8 8.7 hereof, interest payable on this Debenture shall accrue at a rate per annum equal to twelve percent (12%) and shall be computed on the basis of a 365-day year.

Appears in 1 contract

Samples: Convertible Debenture (KonaRed Corp)

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