Interest Rate and Interest Payments. Interest on the Principal Amount outstanding from time to time shall accrue at the rate of 9.00% per annum, with the first installment of accrued, unpaid interest being due and payable on FEBRUARY 1, 1998 and subsequent payments of accrued, unpaid interest being due and payable on the first day of each month thereafter. Overdue principal and interest on the Debentures shall bear interest at the maximum rate permitted by applicable law. Interest on the Principal Amount of each Debenture shall be calculated, from time to time, on the basis of the actual days elapsed in a year consisting of 365 days.
Interest Rate and Interest Payments. Interest on the outstanding Principal Amount shall accrue at the rate of 6.00% per annum, with the first installment of accrued, unpaid interest being due and payable on February 1, 2003, and subsequent payments of accrued, unpaid interest being due and payable on the first day of each month thereafter. Overdue principal and interest on the Debenture shall bear interest at the maximum rate permitted by applicable law. Interest on the Principal Amount of the Debenture shall be calculated, from time to time, on the basis of the actual days elapsed in a year consisting of 365 days.
Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan Advances outstanding from time to time shall bear interest at a simple rate of interest equal to 10.0% per annum (the “Interest Rate”). Interest on all Term Loan Advances outstanding under this Agreement shall be computed on the basis of a year of 360 days and paid quarterly in arrears on each of September 28, 2018, December 31, 2018 and March 29, 2019.
Interest Rate and Interest Payments. Borrower shall pay interest on the unpaid principal amount of the Term Loan from the Closing Date until the Maturity Date, at a rate equal to ten percent (10.0) per annum (the "Interest Rate"). Subject to Section 2(e) and 2(g) below, interest on the outstanding principal amount of the Term Loan shall be due and payable to Lender in arrears on the last Business Day of each calendar month, commencing on the first of such dates following the Closing Date until the Maturity Date, at which time all accrued but unpaid interest shall be due and payable.
Interest Rate and Interest Payments. Borrower shall pay interest on the unpaid principal amount of the Loan from the Closing Date until the Maturity Date, at a rate equal to fifteen percent (15%) per annum (the “Interest Rate”) calculated on the basis of a 365 day year. Subject to Section 2(e) and 2(g) below, interest on the outstanding principal amount of the Loan shall be due and payable to Agent, for the ratable benefit of Lenders, in advance on the last Business Day of each calendar month, commencing on the first of such dates following the date of the Amendment until the Maturity Date, at which time all accrued but unpaid interest shall be due and payable.
Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan through and including the Interest Payment Trigger Date shall bear interest at a rate equal to 10% per annum (the “Interest Rate”). All accrued and unpaid interest on the Term Loan shall be due and payable within thirty (30) days after the Interest Payment Trigger Date (the “Interest Payment Date”), and shall be payable in shares of the Borrower’s common stock, par value $0.001 per share (“Common Stock”), valued at a price per share equal to the Series B Preferred Conversion Price on the Business Day immediately prior to the Interest Payment Trigger Date. No fractional shares of Common Stock shall be issued in connection with making an interest payment on the Interest Payment Date. In lieu of any fractional shares to which the Lender would otherwise be entitled, the Borrower shall pay such remainder of the interest payment in cash on the Interest Payment Date. In the event that the Borrower is restricted by contract or law from paying accrued and unpaid interest in shares of Common Stock on the Interest Payment Date, then such accrued and unpaid interest shall be payable in cash on the Interest Payment Date.
Interest Rate and Interest Payments. 3.1 The rate of interest for each Drawdown shall be a rate as may be mutually agreed to between the Lender and the Borrower. Such interest shall be paid at such frequency and, or, on such date as may be mutually agreed to between the Lender and the Borrower.
Interest Rate and Interest Payments. Borrower shall pay interest on the unpaid principal amount of the Term Loans as follows: (i) with respect to the Term Loans that comprise the Initial Advance, from the Closing Date until the Maturity Date at a rate equal to eighteen percent (18%) per annum, and (ii) with respect to the Term Loans that comprise the Supplemental Advance, from the Funding Date until the Maturity Date at a rate equal to twenty-four percent (24%) per annum (the “Interest Rate”). Subject to Section 2(e) and 2(g) below, interest on the outstanding principal amount of the Term Loans shall be due and payable to Agent, for the ratable benefit of Lenders, (x) with respect to the Term Loans that comprise the Initial Advance, in advance (i) on the Closing Date, and (ii) thereafter, on the last Business Day of each calendar month, commencing on the first of such dates following the Closing Date until the Maturity Date, at which time all accrued but unpaid interest shall be due and payable, and (y) with respect to the Term Loans that comprise the Supplemental Advance, in advance (i) on the Funding Date, and (ii) thereafter, on the last Business Day of each calendar month, commencing on the first of such dates following the Funding Date until the Maturity Date, at which time all accrued but unpaid interest shall be due and payable.”
Interest Rate and Interest Payments. Borrower shall pay interest on the unpaid principal amount of the Term Loan from the Closing Date until the Maturity Date, at a rate equal to eighteen percent (18%) per annum (the “Interest Rate”). Subject to Section 2(e) and 2(g) below, interest on the outstanding principal amount of the Term Loan shall be due and payable to Agent, for the ratable benefit of Lenders, in advance (i) on the Closing Date and, (ii) thereafter, on the last Business Day of each calendar month, commencing on the first of such dates following the Closing Date until the Maturity Date, at which time all accrued but unpaid interest shall be due and payable.
Interest Rate and Interest Payments. (a) Interest on the Principal Amount outstanding from time to time shall accrue at the rate of 9.00% per annum, with the first installment payable on January 1, 1996 and subsequent payments at the first day of each month thereafter. Overdue principal and interest on the Debentures shall bear interest, to the extent permitted by applicable law, at a rate of 9.00% per annum. Interest on the Principal Amount of each Debenture shall be calculated, from time to time, on the basis of the actual days elapsed in a year consisting of 365 days.
