Common use of Interest in Cash Clause in Contracts

Interest in Cash. Interest on the aggregate outstanding principal amount of this Note shall accrue at the rate of 8% per annum and shall be payable in cash on the Maturity Date or as otherwise set forth herein.

Appears in 2 contracts

Samples: Security Agreement (Wynnefield Partners Small Cap Value Lp I), Security Agreement (GlyEco, Inc.)

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Interest in Cash. Interest on the aggregate outstanding principal amount of this Note shall accrue at the rate of 8% ten percent (10%) per annum and shall be payable in cash on the Maturity Date or as otherwise set forth herein.

Appears in 2 contracts

Samples: Security Agreement (GlyEco, Inc.), Promissory Note (Wynnefield Partners Small Cap Value Lp I)

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Interest in Cash. Interest on the aggregate outstanding principal amount of this Note shall accrue at the rate of 85% per annum and shall be payable in cash on the Maturity Date or as otherwise set forth herein.

Appears in 2 contracts

Samples: Security Agreement (Wynnefield Partners Small Cap Value Lp I), Security Agreement (GlyEco, Inc.)

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