Common use of Interest Capitalization Clause in Contracts

Interest Capitalization. Subject to the consent of the Parties the accrued Note Interest may be capitalized on each interest due date. Upon capitalization, the aforesaid Note Interest shall be deemed to become part of the Note Principal.

Appears in 5 contracts

Samples: Convertible Note Agreement (Sunrise Energy Resources Inc), Convertible Note Agreement (Sunrise Energy Resources Inc), Convertible Note Agreement (Sunrise Energy Resources Inc)

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