Common use of INTEREST; INTEREST RATE Clause in Contracts

INTEREST; INTEREST RATE. Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, shall be computed on the basis of a 360-day year, shall compound each Fiscal Quarter and shall be paid by adding such accrued interest to the Principal amount outstanding under this Note on the first calendar day of each Fiscal Quarter that occurs prior to the Scheduled Payment Date that is the Maturity Date, provided that all accrued and unpaid Interest outstanding on the Maturity Date shall be paid to the Holder in cash via wire transfer of immediately available funds. From and after the occurrence and during the continuance of any Event of Default, the Interest Rate then in effect shall be automatically increased to 14.5% per annum. In the event that such Event of Default is subsequently cured, the increase referred to in the preceding sentence shall cease to be effective as of the date of such cure, provided that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default.

INTEREST; INTEREST RATE. Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, Date and shall be computed on the basis of a 360365-day year, shall compound each Fiscal Quarter year and actual days elapsed and shall be paid by adding such accrued interest to the Principal amount outstanding under this Note on the first calendar day of each Fiscal Quarter that occurs prior to the Scheduled Payment Date that is the Maturity Date, provided that all accrued payable in arrears semi-annually and unpaid Interest outstanding on the Maturity Date during the period beginning on the Issuance Date and ending on, and including, the Maturity Date (each, an “Interest Date”) with the first Interest Date being May 23, 2005. Interest shall be paid payable on each Interest Date in cash. Prior to the Holder in cash via wire transfer payment of immediately available fundsInterest on an Interest Date, Interest on this Note shall accrue at the Interest Rate. From and after the occurrence and during the continuance of any an Event of Default, the Interest Rate then in effect shall be automatically increased to 14.5% per annum9.25%. In the event that such Event of Default is subsequently cured, the increase adjustment referred to in the preceding sentence shall cease to be effective as of the date of such cure, ; provided that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default.

INTEREST; INTEREST RATE. Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, shall be computed on the basis of a 360-day year, shall compound each Fiscal Quarter and shall be paid by adding such accrued interest to the Principal amount outstanding under this Note on the first calendar day of each Fiscal Quarter that occurs prior to the Scheduled Payment Date that is the Maturity DateQuarter, provided that all accrued and unpaid Interest outstanding on the Maturity Date shall be paid to the Holder in cash via wire transfer of immediately available funds. From and after the occurrence and during the continuance of any Event of Default, the Interest Rate then in effect shall be automatically increased to 14.515% per annum. In the event that such Event of Default is subsequently cured, the increase referred to in the preceding sentence shall cease to be effective as of the date of such cure, provided that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default.

INTEREST; INTEREST RATE. Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, Date and shall be computed on the basis of a 360365/366-day year, shall compound each Fiscal Quarter year and actual days elapsed and shall be paid by adding such accrued interest to the Principal amount outstanding under this Note on the first calendar day of each Fiscal Quarter that occurs prior to the Scheduled Payment Date that is the Maturity Date, provided that all accrued payable in arrears semi-annually and unpaid Interest outstanding on the Maturity Date during the period beginning on the Issuance Date and ending on, and including, the Maturity Date (each, an “Interest Date”) with the first Interest Date being December 15, 2005. Interest shall be paid payable on each Interest Date in cash. Prior to the Holder in cash via wire transfer payment of immediately available fundsInterest on an Interest Date, Interest on this Note shall accrue at the Interest Rate. From and after the occurrence and during the continuance of any an Event of Default, the Interest Rate then in effect shall be automatically increased to 14.5% per annum12%. In the event that such Event of Default is subsequently cured, the increase adjustment referred to in the preceding sentence shall cease to be effective as of the date of such cure, ; provided that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default.

INTEREST; INTEREST RATE. Interest on the applicable Interest Principal Amount of this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, Date and shall be computed on the basis of a 360-day year, shall compound each Fiscal Quarter year comprised of twelve 30-day months and shall be paid by adding such accrued interest to the Principal amount outstanding under this Note payable on the first calendar day of each Fiscal Quarter that occurs prior to the Scheduled Payment Installment Date that is the Maturity Date, provided that all accrued and unpaid Interest outstanding on the Maturity Date (each an "Interest Date"). Interest shall be paid payable on each Interest Date in cash. Prior to the Holder in cash via wire transfer payment of immediately available fundsInterest on an Interest Date, Interest on this Note shall accrue at the Interest Rate. From and after Upon the occurrence and during the continuance of any an Event of Default, the Interest Rate then in effect shall be automatically increased to 14.5% per annumtwelve percent (12.0%) (the "Default Rate"). In the event that such Event of Default is subsequently cured, the increase adjustment referred to in the preceding sentence shall cease to be effective as of the date of such cure, ; provided that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default. Interest on overdue interest shall accrue at the same rate compounded quarterly.

INTEREST; INTEREST RATE. Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, Date and shall be computed on the basis of a 360365-day year, shall compound each Fiscal Quarter year and actual days elapsed and shall be paid by adding such accrued interest to the Principal amount outstanding under this Note payable in arrears on the first calendar day of each Fiscal Calendar Quarter that occurs prior to the Scheduled Payment Date that is the Maturity Date, provided that all accrued and unpaid Interest outstanding on the Maturity Date during the period beginning on the Issuance Date and ending on, and including, the Maturity Date (each, an “Interest Date”) with the first Interest Date being July 1, 2004. Interest shall be paid to the Holder payable on each Interest Date in cash via wire transfer of immediately available fundscash. From and after the occurrence and during the continuance of any an Event of Default, the Interest Rate then in effect shall be automatically increased to 14.5% per annum11%. In the event that such Event of Default is subsequently cured, the increase adjustment referred to in the preceding sentence shall cease to be effective as of the date of such cure, ; provided that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default.