Common use of Interest and Payment Clause in Contracts

Interest and Payment. The principal amount of this Note outstanding from time to time shall bear simple interest at the annual rate (the "Note Rate") of 6% from the date hereof through the earliest to occur of (i) the Maturity Date; (ii) the Prepayment Date; (iii) the Conversion Date, or (iv) the Acceleration Date.

Appears in 2 contracts

Samples: Convertible Note (Winsonic Digital Media Group LTD), Convertible Note (Winsonic Digital Media Group LTD)

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Interest and Payment. The principal amount of this Note outstanding from time to time shall bear simple interest at the annual rate (the "Note Rate") of 6% twelve percent (12%) from the date hereof through the earliest to occur of (i) the Maturity Date; (ii) the Prepayment Date; (iii) the Conversion Acceleration Date, or ; and (iv) the Acceleration Financing Date.

Appears in 1 contract

Samples: Promissory Note (Hunapu Inc)

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Interest and Payment. 1.1 The principal amount of this Note outstanding from time to time shall bear simple interest at the annual rate (the "Note Rate") of 6% ten percent (10%) from the date hereof through the earliest to occur of (i) the Maturity Date; , (ii) the Prepayment Date; Date and (iii) the Conversion Date, or (iv) the Acceleration Date.

Appears in 1 contract

Samples: Promissory Note (Galacticomm Technologies Inc)

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