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").
Appears in 3 contracts
Samples: Secured Promissory Note (Brooklyn Cheesecake & Desert Com), Secured Promissory Note (Brooklyn Cheesecake & Desert Com), Brooklyn Cheesecake & Desert Com
Interest Prepayment. (a) Borrower will pay Interest interest on the unpaid Principal 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").
Appears in 1 contract
Samples: Loan and Security Agreement (Creative Bakeries Inc)
