Interest in Cash or in Kind. Holder shall be entitled to receive, and Borrower shall pay, cumulative interest on the outstanding principal amount of this Debenture at the annual rate of twelve percent (12%) (as subject to increase as set forth in this Debenture) from the Original Issue Date through the Maturity Date. Interest shall be payable on the Maturity Date or when all amounts outstanding in connection with this Debenture shall be paid or shall otherwise be due and payable.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Western Magnesium Corp.), Securities Purchase Agreement (Western Magnesium Corp.), Securities Purchase Agreement (Western Magnesium Corp.)
Interest in Cash or in Kind. Holder Holders shall be entitled to receive, and Borrower shall pay, cumulative interest on the outstanding principal amount of this Debenture Note at the annual rate of twelve percent (12%) (as subject to increase as set forth in this DebentureNote) from the Original Issue Date through the Maturity Date. Interest shall be payable on the Maturity Date or when all amounts outstanding in connection with this Debenture shall be paid or shall otherwise be due and payable.
Appears in 1 contract
Samples: Convertible Security Agreement (Sincerity Applied Materials Holdings Corp.)
