Interest in Cash. Holders shall be entitled to receive, and Borrower shall pay, cumulative interest on the outstanding principal amount of this Note compounded annually at the annual rate of three (3%) percent (all subject to increase as set forth in this Note), payable on the Maturity Date and on each Conversion Date, (with respect only to Note principal being converted) (each such date, an “Interest Payment Date”) (if any Interest Payment Date is not a Trading Day, the applicable payment shall be due on the next succeeding Trading Day) in cash only.
Appears in 9 contracts
Samples: Convertible Security Agreement (Wearable Health Solutions, Inc.), Convertible Security Agreement (Pacific Software, Inc.), Convertible Security Agreement (Pacific Software, Inc.)
Interest in Cash. Holders shall be entitled to receive, and Borrower shall pay, cumulative interest on the outstanding principal amount of this Note compounded annually at the annual rate of three (3%) percent 10% (all subject to increase as set forth in this Note), ) from the Original Issue Date through the Maturity Date. Interest shall be payable on the Maturity Date and on each Conversion Date, (with respect only to Note principal being converted) (each such date, an the “Interest Payment Date”) (if any Interest Payment Date is not a Trading Day, the applicable payment shall be due on the next succeeding Trading Day) in cash onlycash.
Appears in 2 contracts
Samples: Convertible Note and Class a Warrant Agreement (Attitude Drinks Inc.), Secured Convertible Note (Attitude Drinks Inc.)
Interest in Cash. Holders shall be entitled to receive, and Borrower shall pay, cumulative interest on the outstanding principal amount of this Note compounded annually at the annual rate of three (3%) percent 6% (all subject to increase as set forth in this Note), ) from the Original Issue Date through the Maturity Date. Interest shall be payable on the Maturity Date and on each Conversion Date, (with respect only to Note principal being converted) (each such date, an the “Interest Payment Date”) (if any Interest Payment Date is not a Trading Day, the applicable payment shall be due on the next succeeding Trading Day) in cash onlycash.
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Interest in Cash. Holders shall be entitled to receive, and Borrower shall pay, cumulative interest on the outstanding principal amount of this Note compounded annually at the annual rate of three five (35%) percent (all subject to increase as set forth in this Note), payable on the Maturity Date and on each Conversion Date, (with respect only to Note principal being converted) (each such date, an “Interest Payment Date”) (if any Interest Payment Date is not a Trading Day, the applicable payment shall be due on the next succeeding Trading Day) in cash only...
Appears in 1 contract
Samples: Convertible Security Agreement (Marathon Patent Group, Inc.)
Interest in Cash. Holders shall be entitled to receive, and Borrower shall pay, cumulative interest on the outstanding principal amount of this Note compounded annually at the annual rate of three (3%) percent 7% (all subject to increase as set forth in this Note), ) from the Original Issue Date through the Maturity Date. Interest shall be payable on the Maturity Date and on each Conversion Date, (with respect only to Note principal being converted) (each such date, an the “Interest Payment Date”) (if any Interest Payment Date is not a Trading Day, the applicable payment shall be due on the next succeeding Trading Day) in cash onlycash.
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