Common use of Interest in Cash Clause in Contracts

Interest in Cash. (i) interest on the aggregate outstanding principal amount of this Note shall accrue at the rate of twelve and one-half percent (12.5%) per annum and shall be due and payable in cash on June 1, 2024 or as otherwise set forth herein. (ii) On March 1st, June 1st, September 1st and December 1st, of each year or portion thereof until June 1, 2024, all interest accruing prior to such date from the last accrual date, will be added to the outstanding principal amount.

Interest in Cash. (i) interest Interest on the aggregate outstanding principal amount of this Note shall accrue at the rate of twelve and one-half percent (12.5%) 8% per annum and shall be payable, in cash, quarterly on the first day of each January, April, July and October, during the term of this Note, with the last payment of accrued and unpaid interest being due and payable in cash on June 1the Maturity Date, 2024 or as otherwise set forth herein. (ii) On March 1st, June 1st, September 1st and December 1st, of each year or portion thereof until June 1, 2024, all interest accruing prior to such earlier date from on which the last accrual date, will be added to the entire outstanding principal amountamount of this Note is repaid.