Interest Rate and Payments. Subject to Sections 4.1 and 5.7 hereof, interest payable on this Note shall accrue at a rate per annum equal to the Contract Rate, and shall be payable monthly in arrears commencing on June 1, 2004 and on the first day of each consecutive calendar month thereafter (each, an "INTEREST PAYMENT DATE").
Appears in 2 contracts
Samples: Secured Convertible Minimum Borrowing Note (Gvi Security Solutions Inc), Secured Revolving Note (Gvi Security Solutions Inc)
Interest Rate and Payments. Subject to Sections 4.1 4.3 and 5.7 6.7 --------------------------- hereof, interest payable on this Note shall accrue at a rate per annum equal to the Contract Rate, and . Interest shall be payable monthly in arrears commencing on June April 1, 2004 and on the first day of each consecutive calendar month thereafter (each, an "INTEREST PAYMENT DATE").
Appears in 1 contract
Samples: Secured Revolving Note (Elinear Inc)
Interest Rate and Payments. Subject to Sections 4.1 5.3 and 5.7 6.7 ----------------------------- hereof, interest payable on this Note shall accrue at a rate per annum equal to the Contract Rate, and . Interest shall be payable monthly in arrears commencing on June April 1, 2004 and on the first day of each consecutive calendar month thereafter thereafter, (each, an "INTEREST PAYMENT DATE").
Appears in 1 contract
Samples: Secured Convertible Minimum Borrowing Note (Elinear Inc)
