Interest Prepayment. (a) The interest rate (“Interest Rate”) on the Loans shall be a rate per annum reflected on the grid attached hereto.
Interest Prepayment. The Company acknowledges and agrees that this Note shall bear interest at a rate of 15% per annum to be paid quarterly in cash on each of March 31, June 30, September 30 and December 31; provided, that interest payable on December 31, 2017 shall be due and payable on January 11, 2018. Regularly scheduled interest payments shall be made on this Note. All payments hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”). At the discretion of the Company, the Principal Amount and unpaid accrued interest of the Convertible Notes may be prepaid at anytime, provided that written notice is provided to the Holder at least 15 days in advance of the prepayment.
Interest Prepayment. (a) Borrower will pay Interest on the unpaid Principal amount hereof, computed on the basis of the actual number of days elapsed in a 360-day year, at a rate which shall be equal to thirteen percent (13.00%) per annum (the "Interest Rate").
Interest Prepayment. (a) The interest rate (“Interest Rate”) on each Loan shall be as from time to time agreed by the Holder and the Maker, but in no event to exceed the maximum amount permitted by applicable law.
Interest Prepayment. No interest shall be due on the Debenture except upon an Event of Default as described in Section 8(b). Except as otherwise set forth in this Debenture, the Company may not prepay any portion of the principal amount of this Debenture without the prior written consent of the Holder.
Interest Prepayment. The Company acknowledges and agrees that this Note shall bear interest at a rate of fifteen percent (15%) per annum, to be paid quarterly in cash on the last Trading Day of each fiscal quarter. Regularly scheduled interest payments shall be made on this Note. All payments hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”). At the discretion of the Company, the Principal Amount and unpaid accrued interest of this Note may be prepaid at anytime, provided that written notice is provided to the Holder at least fifteen (15) days in advance of the prepayment.
Interest Prepayment a) Interest Calculations Interest at the Interest Rate shall be payable on each Interest Payment Date. Such interest shall accrue and be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).
Interest Prepayment a) Interest Calculations Interest shall be payable on the Maturity Date (the “Interest Payment Date”). Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest shall cease to accrue with respect to any principal amount converted, provided that the Company actually delivers the Conversion Shares within the time period required by Section 4(b)(ii) herein. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).
Interest Prepayment. (a) The interest rate ("INTEREST -------------------- RATE") on the Loans shall be a rate per annum equal to the interest rate on the Securities.
Interest Prepayment a) The Company shall pay interest to the Holder on the aggregate and then outstanding principal amount of this Debenture at the rate of 20% per annum, accruing immediately upon the Original Issue Date, and payable monthly, beginning on the date that is 6 months after the Original Issue Date, (each such date, an “Interest Payment Date”; if any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day). For the avoidance of doubt, on the first Interest Payment Date, the Company shall pay to the Holder all interest accrued during the 6 month period prior to the first Interest Payment Date.
