Interest on Notes. Except as otherwise set forth herein, each Note shall bear interest on the principal amount equal to the purchase price thereof from the Effective Date at the rate of 10.00% per annum (0.8333% per month). Interest on each Note shall be payable on the seventh (7th) working day of each month beginning in the same month with Effective Date.
Appears in 5 contracts
Samples: Promissory Note Purchase Agreement (Ando Holdings Ltd.), Promissory Note Purchase Agreement (Ando Holdings Ltd.), Promissory Note Purchase Agreement (Ando Holdings Ltd.)
