Common use of Interest and Payment Clause in Contracts

Interest and Payment. 1.1. The unpaid principal amount hereof shall bear simple interest from the date hereof at the rate of 15% per annum until the Maturity Date (or until any such earlier date of payment if this Note is prepaid as hereinafter provided). 1.2. Interest shall be payable on the Maturity Date. 1.3. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be reduced to a rate which results in an effective interest rate under this Note equal to the maximum /s/ RDB [LOGO] rate permitted by law over the term hereof, and, in such event, the Payee shall either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.

Interest and Payment. 1.1. The unpaid principal amount hereof shall bear simple interest from the date hereof at the rate of 15% per annum until the Maturity Date (or until any such earlier date of payment if this Note is prepaid as hereinafter provided). 1.2. Interest shall be payable on the Maturity Date. 1.3. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be /s/ RDB reduced to a rate which results in an effective interest rate under this Note equal to the maximum /s/ RDB [LOGO] rate permitted by law over the term hereof, and, in such event, the Payee shall either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.

Interest and Payment. 1.1. The unpaid principal amount hereof shall bear simple interest from the date hereof at the rate of 1510% per annum until the Maturity Date (or until any such earlier date of payment if this Note is prepaid as hereinafter provided). 1.2. Interest shall be payable on the Maturity Date. 1.3. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be /s/ RDB reduced to a rate which results in an effective interest rate under this Note equal to the maximum /s/ RDB [LOGO] rate permitted by law over the term hereof, and, in such event, the Payee shall either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.

Interest and Payment. 1.1. The unpaid principal amount hereof shall bear simple interest from the date hereof at the rate of 15% per annum until the Maturity Date (or until any such earlier date of payment if this Note is prepaid as hereinafter provided). 1.2. Interest shall be payable on the Maturity Date. 1.3. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be /s/ RDB [LOGO](TM) reduced to a rate which results in an effective interest rate under this Note equal to the maximum /s/ RDB [LOGO] rate permitted by law over the term hereof, and, in such event, the Payee shall either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.

Interest and Payment. 1.1. The unpaid principal amount hereof shall bear simple interest from the date hereof at the rate of 15% per annum until the Maturity Date (or until any such earlier date of payment if this Note is prepaid as hereinafter provided). 1.2. Interest shall be payable on the Maturity Date. 1.3. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be reduced to a rate which results in an effective interest rate under this Note equal to the maximum /s/ RDB [LOGO] rate permitted by law over the term hereof, and, in such event, the Payee shall either apply to the /s/ RDB reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.

Interest and Payment. 1.1. The unpaid principal amount hereof shall bear simple interest from the date hereof at the rate of 15% per annum until the Maturity Date (or until any such earlier date of payment if this Note is prepaid as hereinafter provided). 1.2. Interest shall be payable on the Maturity Date. 1.3. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other ether consideration shall automatically be reduced to a rate which results in an effective interest rate under this Note equal to the maximum /s/ RDB [LOGO] rate permitted by law over the term hereof, and, in such event, the Payee shall either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.

Interest and Payment. 1.1. The unpaid principal amount hereof shall bear simple interest from the date hereof at the rate of 15% per annum until the Maturity Date (or until any such earlier date of payment if this Note is prepaid as hereinafter provided). 1.2. Interest shall be payable on the Maturity Date. 1.3. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be reduced to a rate which results in an effective interest rate under this Note equal to the maximum /s/ RDB [LOGO] LOGO](TM) rate permitted by law over the term hereof, and, in such event, the Payee shall either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.

Interest and Payment. 1.1. The unpaid principal amount hereof shall bear simple interest from the date hereof at the rate of 15% per annum until the Maturity Date (or until any such earlier date of payment if this Note is prepaid as hereinafter provided). 1.2. Interest shall be payable on the Maturity Date. 1.3. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be reduced to a rate which results in an effective interest rate under this Note equal to the maximum /s/ RDB [LOGO] rate permitted by law over the term hereof, and, in such event, the Payee shall either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.