Common use of Interest Rate and Payment Clause in Contracts

Interest Rate and Payment. (a) Subject to Sections 4.10 and 5.6 hereof, interest payable on this Note shall accrue at a rate per annum (the “Interest Rate”) equal to the “prime rate” published in The Wall Street Journal from time to time, plus one and three-quarters percent (1.75%). The prime rate shall be increased or decreased as the case may be for each increase or decrease in the prime rate in an amount equal to such increase or decrease in the prime rate; each change to be effective as of the day of the change in such rate. The Interest Rate shall not be less than five and three-quarters percent (5.75%) unless the Company shall be in compliance with Section 2.2 hereof. If the Company has satisfied the requirements of Section 2.2 hereof, the Interest Rate will be subject to adjustment as set forth in Section 1.1(b). In no event, however, shall the Interest Rate be less than zero percent (0.0%). Interest shall be payable monthly in arrears commencing on April 1, 2004, on the first day of each consecutive calendar month thereafter (each, a “Repayment Date”), and on the Maturity Date, whether by acceleration or otherwise.

Interest Rate and Payment. (a) Subject to Sections 4.10 and 5.6 hereof, interest payable on this Note shall accrue at a rate per annum (the “Interest Rate”) equal to the “prime rate” published in The Wall Street Journal from time to time, plus one and three-quarters two percent (1.752%). Initially, the Interest Rate shall be 6.0% per annum. The prime rate Interest Rate shall be increased or decreased as the case may be for each increase or decrease in the prime rate in an amount equal to such increase or decrease in the prime rate; each change to be effective as of the day of the change in such rate. The Interest Rate shall not be less than five and three-quarters six percent (5.756.00%) unless the Company shall be in compliance with Section 2.2 hereof. If the Company has satisfied the requirements of Section 2.2 hereof, the Interest Rate will be subject to adjustment as set forth in Section 1.1(b). ) In no event, however, shall the Interest Rate on this Note be less than zero percent (0.0( 0 .00%). Interest shall be payable monthly in arrears commencing on April March 1, 2004, on the first day of each consecutive calendar month thereafter (each, a “Repayment Date”), and on the Maturity Date, whether by acceleration or otherwise.

Interest Rate and Payment. (a) Subject to Sections 4.10 and 5.6 hereof, interest payable on this Note shall accrue at a rate per annum (the “"Interest Rate”") equal to the “"prime rate” " published in The Wall Street Journal from time to time, plus one and three-quarters percent (1.75%). The prime rate shall be increased or decreased as the case may be for each increase or decrease in the prime rate in an amount equal to such increase or decrease in the prime rate; each change to be effective as of the day of the change in such rate. The Interest Rate shall not be less than five and three-quarters four percent (5.754%) unless the Company shall be in compliance with Section 2.2 hereof. If the Company has satisfied the requirements of Section 2.2 hereof, the Interest Rate will be subject to adjustment as set forth in Section 1.1(b). In no event, however, shall the Interest Rate be less than zero percent (0.0%). Interest shall be payable monthly in arrears commencing on April May 1, 2004, on the first day of each consecutive calendar month thereafter (each, a “Repayment Date”"REPAYMENT DATE"), and on the Maturity Date, whether by acceleration or otherwise.

Interest Rate and Payment. (a) Subject to Sections 4.10 and 5.6 hereof, interest payable on this Note shall accrue at a rate per annum (the “Interest Rate”) equal to the “prime rate” published in The Wall Street Journal from time to time, plus one and three-quarters two percent (1.752%). Initially, the Interest Rate shall be 6.0% per annum. The prime rate Interest Rate shall be increased or decreased as the case may be for each increase or decrease in the prime rate in an amount equal to such increase or decrease in the prime rate; each change to be effective as of the day of the change in such rate. The Interest Rate shall not be less than five and three-quarters six percent (5.756.00%) unless the Company shall be in compliance with Section 2.2 hereof. If the Company has satisfied the requirements of Section 2.2 hereof, the Interest Rate will be subject to adjustment as set forth in Section 1.1(b). ) In no event, however, shall the Interest Rate on this Note be less than zero percent (0.0( 0 .00%). Interest shall be payable monthly in arrears commencing on April May 1, 2004, on the first day of each consecutive calendar month thereafter (each, a “Repayment Date”), and on the Maturity Date, whether by acceleration or otherwise.

Interest Rate and Payment. (a) Subject to Sections 4.10 and 5.6 hereof, interest payable on this Note shall accrue at a rate per annum (the “Interest Rate”) equal to the “prime rate” published in The Wall Street Journal from time to time, plus one and three-quarters two percent (1.752%). Initially, the Interest Rate shall be 6.0% per annum. The prime rate Interest Rate shall be increased or decreased as the case may be for each increase or decrease in the prime rate in an amount equal to such increase or decrease in the prime rate; each change to be effective as of the day of the change in such rate. The Interest Rate shall not be less than five and three-quarters six percent (5.756.00%) unless the Company shall be in compliance with Section 2.2 hereof. If the Company has satisfied the requirements of Section 2.2 hereof, the Interest Rate will be subject to adjustment as set forth in Section 1.1(b). ) In no event, however, shall the Interest Rate on this Note be less than zero percent (0.0( 0 .00%). Interest shall be payable monthly in arrears commencing on April August 1, 2004, on the first day of each consecutive calendar month thereafter (each, a “Repayment Date”), and on the Maturity Date, whether by acceleration or otherwise.

Interest Rate and Payment. (a) Subject to Sections 4.10 4.9 and 5.6 hereof, interest payable on this Note shall accrue at a rate per annum (the “"Interest Rate”") equal to the “"prime rate” " published in The Wall Street Journal from time to time, plus one and three-quarters three percent (1.753%). The prime rate shall be increased or decreased as the case may be for each increase or decrease in the prime rate in an amount equal to such increase or decrease in the prime rate; each change to be effective as of the day of the change in such rate. The Interest Rate shall not be less than five and three-quarters percent (5.75%) unless the Company shall be in compliance with Section 2.2 hereof. If the Company has satisfied the requirements of Section 2.2 hereof, the Interest Rate will be subject Subject to adjustment as set forth in Section 1.1(b). In , in no event, however, event shall the Interest Rate will be less than zero seven percent (0.07.00%). Interest shall be payable monthly in arrears commencing on April May 1, 2004, on the first day of each consecutive calendar month thereafter (each, a “"Repayment Date”"), and on the Maturity Date, whether by acceleration or otherwise.. -------------------------------------------------------------------------------------------------------