Interest Computation and Payment. All computations of interest hereunder shall be made by Lender based on a 360-day year and the actual number of days elapsed and shall be payable to the Lender in U.S. Dollars on the first day of April, July, October and January with the first payment date being October 1, 2002.
Appears in 2 contracts
Samples: Subscription and Debenture Purchase Agreement (Virexx Medical Corp), Security Agreement (Altarex Corp)
Interest Computation and Payment. All computations of interest hereunder shall be made by Lender based on a 360-day year and the actual number of days elapsed and shall be payable to the Lender in U.S. Dollars on the first day of April, July, October and January with the first payment date being October July 1, 2002.
Appears in 2 contracts
Samples: Subscription and Debenture Purchase Agreement (Virexx Medical Corp), Security Agreement (Altarex Corp)
