Interest Rate and Payment of Interest. Interest shall accrue on the outstanding Principal balance hereof at an annual rate equal to 5% (“Interest Rate”), payable at the Maturity Date. Interest shall be calculated on the basis of a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law.
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Samples: Convertible Debenture (ZK International Group Co., Ltd.), Convertible Debenture (ZK International Group Co., Ltd.)
Interest Rate and Payment of Interest. Interest shall accrue on the outstanding Principal balance hereof at an annual rate equal to 50% (“Interest Rate”), payable at the Maturity Date. Interest shall be calculated on the basis of a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law.
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Samples: Securities Purchase Agreement (Tanzanian Gold Corp)
Interest Rate and Payment of Interest. Interest shall accrue on the outstanding Principal balance hereof at an annual rate equal to 515% (“Interest Rate”), payable at the Maturity Datesemi-annually in cash. Interest shall be calculated based on the basis of a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law.
Appears in 1 contract
Samples: Convertible Secured Promissory Note (Perfect Moment Ltd.)
Interest Rate and Payment of Interest. Interest shall accrue on the outstanding Principal balance hereof at an annual rate equal to 50.01% (“Interest Rate”), payable at the Maturity Date. Interest shall be calculated based on the basis of a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law.
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