Defaulted Amounts. Any Defaulted Amounts shall accrue interest at a rate equal to three percent (3.0%) per annum accrued daily during the period from (and including) such relevant payment date and ending on (and including) the date on which such Defaulted Amounts and such interest thereon are fully paid, and such Defaulted Amounts together with such interest thereon pursuant to this Section 2.6 shall be paid by the Company to the Holder by wire transfer of immediately available funds pursuant to the procedures set forth in Section 2.2.
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Samples: Convertible Notes Subscription Agreement (NIO Inc.), Convertible Notes Subscription Agreement (NIO Inc.)
Defaulted Amounts. Any Defaulted Amounts shall accrue interest at a the rate equal to three percent (3.0%) per annum accrued daily during borne by the period from (Note plus 1%, subject to the enforceability thereof under applicable Law, from, and including) , such relevant payment date and ending on (and including) the date on which such Defaulted Amounts and such interest thereon are fully paiddate, and such Defaulted Amounts together with such interest thereon pursuant to this Section 2.6 shall be paid by the Company to the Holder by wire transfer of immediately available funds pursuant to the procedures set forth in Section 2.2.
Appears in 1 contract
Samples: Convertible Note and Warrant Subscription Agreement (Secoo Holding LTD)
Defaulted Amounts. Any Defaulted Amounts shall accrue interest at a the rate equal to three percent (3.0%) per annum accrued daily during borne by the period from (Note plus one percent, subject to the enforceability thereof under applicable Law, from, and including) , such relevant payment date and ending on (and including) the date on which such Defaulted Amounts and such interest thereon are fully paiddate, and such Defaulted Amounts together with such interest thereon pursuant to this Section 2.6 shall be paid by the Company to the Holder by wire transfer of immediately available funds pursuant to the procedures set forth in Section 2.2.
Appears in 1 contract
Defaulted Amounts. Any Defaulted Amounts shall forthwith accrue interest at a rate equal to three percent (3.0%) per annum accrued daily during at 2.00%, subject to the period from (enforceability thereof under applicable Law, from, and including) , such relevant payment date and ending on (and including) the date on which such Defaulted Amounts and such interest thereon are fully paiddate, and such Defaulted Amounts together with such interest thereon pursuant to this Section 2.6 shall be paid by the Company to the Holder by wire transfer of immediately available funds pursuant to the procedures set forth in Section 2.2.
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Samples: Convertible Note Purchase Agreement (Ctrip Com International LTD)