Common use of INTEREST; INTEREST RATE Clause in Contracts

INTEREST; INTEREST RATE. (a) Interest on this Note shall commence accruing on the Issuance Date and shall (i) be computed on the basis of a 360-day year and twelve 30-day months, (ii) shall compound each month and (iii) shall be payable on each Installment Date in accordance with Section 8 below or otherwise in accordance with the terms of this Note. (b) Prior to the payment of Interest on an Installment Date, Interest on this Note shall accrue at the Interest Rate and be payable by way of inclusion of the Interest in the Conversion Amount on each Conversion Date in accordance with Section 3(b)(i), on each Installment Date in accordance with Section 8 below or upon any redemption in accordance with Section 11. From and after the occurrence and during the continuance of an Event of Default (as defined below), the Interest Rate shall be increased to fifteen percent (15.0%). In the event that such Event of Default is subsequently cured, the automatic increase to the Interest Rate 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. (a) Interest on this Note shall commence accruing on the Issuance Date and shall (i) be computed on the basis of a 360365-day year and twelve 30-actual days elapsed and shall be payable in arrears on the first day monthsof each Calendar Quarter and on the Maturity Date during the period beginning on the Issuance Date and ending on, and including, the Maturity Date (iieach, an “Interest Date”) shall compound each month and (iii) with the first Interest Date being July 1, 2004. Interest shall be payable on each Installment Interest Date in accordance with Section 8 below or otherwise in accordance with the terms of this Note. (b) Prior to the payment of Interest on an Installment Date, Interest on this Note shall accrue at the Interest Rate and be payable by way of inclusion of the Interest in the Conversion Amount on each Conversion Date in accordance with Section 3(b)(i), on each Installment Date in accordance with Section 8 below or upon any redemption in accordance with Section 11cash. From and after the occurrence and during the continuance of an Event of Default (as defined below)Default, the Interest Rate shall be increased to fifteen percent (15.011%). In the event that such Event of Default is subsequently cured, the automatic increase to the Interest Rate 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. (a) Interest on this Note shall commence accruing on the Issuance Date at the Interest Rate on the outstanding Principal amount from time to time and shall (i) be computed on the basis of a 360-day year and twelve 30-day monthsmonths and shall be payable to the record holder of this Note in arrears on the first Trading Day of each Fiscal Quarter, commencing on May 30, 2011 (iieach, an “Interest Date”) and shall compound each month calendar quarter and (iii) shall be payable on each Installment Date in accordance with Section 8 below or otherwise in accordance with the terms of this Note. (b) Prior to the payment of Interest on an Installment Date, Interest on this Note shall accrue at the Interest Rate and be payable by way of inclusion of the Interest in the Conversion Amount on each Conversion Date in accordance with Section 3(b)(i), on each Installment Date in accordance with Section 8 below or upon any redemption in accordance with Section 11. From and after the occurrence and during the continuance of an any Event of Default (as defined below)Default, the Interest Rate shall automatically be increased to fifteen eighteen percent (15.018%). In the event that such Event of Default is subsequently cured, the automatic increase to the Interest Rate 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. (a) Interest on the applicable Interest Principal Amount of this Note shall commence accruing on the Issuance Date and shall (i) be computed on the basis of a 360-day year and comprised of twelve 30-day months, (ii) shall compound each month months and (iii) shall be payable on each Installment Date and on the Maturity Date (each an "Interest Date"). Interest shall be payable on each Interest Date in accordance with Section 8 below or otherwise in accordance with the terms of this Note. (b) cash. Prior to the payment of Interest on an Installment Interest Date, Interest on this Note shall accrue at the Interest Rate and be payable by way of inclusion of the Interest in the Conversion Amount on each Conversion Date in accordance with Section 3(b)(i), on each Installment Date in accordance with Section 8 below or upon any redemption in accordance with Section 11Rate. From and after Upon the occurrence and during the continuance of an Event of Default (as defined below)Default, the Interest Rate shall be increased to fifteen twelve percent (15.012.0%) (the "Default Rate"). In the event that such Event of Default is subsequently cured, the automatic increase to the Interest Rate 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.