Interest Repayment. (a) Interest shall accrue to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 4% per annum, calculated on the basis of a 360-day year and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal (or conversion to the extent applicable), together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. During the existence of an Event of Default, interest shall accrue at the lesser of (i) the rate of 12% per annum, or (ii) the maximum amount permitted by law (the lesser of clause (i) or (ii), the "Default Interest Rate"). Interest shall be due on the first Trading Day of each calendar month during the existence of an Event of Default. Once an Event of Default is cured, the interest rate shall return to 4%.
Interest Repayment. Interest on the unpaid principal balance of the Notes (such balance as increased as provided in this Section 3.2, the “Outstanding Balance”) will accrue from the Effective Date at the rate of six percent (6.0%) per annum, calculated on the basis of a 360 day year and actual days elapsed. Accrued interest shall be added to the Outstanding Balance on a monthly basis on the last day of each calendar month, commencing on February 28, 2018, and no such accrued interest shall be due and payable prior to the Maturity Date. To the extent not previously converted pursuant to Section 5 hereof, the Company will repay the Outstanding Balance plus all accrued and unpaid interest thereon on the Maturity Date.
Interest Repayment. The interest shall be settled at the 20th day of each month. The Borrower should pay the accrued monthly interest on the interest settlement day and pay the outstanding interest on the maturity date of the loan.
Article 2 The Lender is entitled to refuse to issue loans in the absence of the following conditions:
Interest Repayment. The Loan shall bear interest at the Effective Rate and shall be repaid in accordance with the terms of the Note, provided, that all Obligations shall be due and payable in full on the Maturity Date.
Interest Repayment. During the Permanent Loan Period, principal and accrued interest will be payable as provided in the Note. Amounts past due, whether by late payment, maturity, acceleration, or otherwise, will bear interest at the Default Rate.
Interest Repayment. (1) The Borrower will repay the interest accrued under Articles 5.1, 5.2 and 5.5 of this Agreement on the Interest Repayment Date.
(2) The Agent Bank will notify the amount of interest and penalty interest payable by the Borrower on the Interest Repayment Date to the Borrower no less than five (5) Business Days prior to the Interest Repayment Date.
Interest Repayment. Subject to Section 10, interest shall accrue on the unpaid principal amount of each Loan for the period commencing on March 11, 2022 until such Loan is paid in full at the Interest Rate. Accrued interest on the Loan shall be payable in arrears in cash upon any prepayment of the Loan and on the Maturity Date. All amounts outstanding with respect to the Loan under this Loan Agreement, including all accrued and unpaid interest, shall be due and payable in full on the Maturity Date.
Interest Repayment. The interest payment of the loan under the Contract shall be paid by month, the repaying day is the 20th day of every month. The borrower shall pay the interest up every month on the above day. If the last interest pay day is not in the computation circle, the unpaid interest shall be completed with principal. (Daily rate = Monthly rate/30)
Interest Repayment. Interest will accrue on the outstanding principal balance of each Loan at the prime rate plus one percent published by Key Bank NA and in the manner described in the corresponding Closing Advice. Principal and interest for each Loan will be payable on the dates, in the manner, and upon the terms described in the corresponding Closing Advice. Notwithstanding the foregoing, Lender may, in its discretion, automatically make disbursements from a Loan to pay accrued interest and other fees and charges owed to it with respect to such Loan, even if by so doing the aggregate of all disbursements exceeds the principal amount of such Loan or the amount allocated in the Budget for the payment of interest. Lender shall not be required to disburse funds from any Loan to pay accrued interest if (i) an Event of Default has occurred and is continuing, (ii) the funds allocated in such Loan's Budget for the payment of interest have been fully disbursed. Borrower shall at all times remain liable for the payment of principal and interest on the Loan strictly in accordance with the terms of the Closing Advice, this Agreement, and the Note.
Interest Repayment. Interest on the unpaid principal balance of the Notes (such balance as increased as provided in this Section 3.2, the “Outstanding Balance”) will accrue from the applicable Closing Date at the rate of 10.0% per annum, calculated on the basis of a 360 day year and actual days elapsed. Accrued interest shall accrue daily and compound quarterly to the extent not paid on a current basis. For a period of one year from the Initial Closing Date, accrued interest shall accrete on a quarterly basis to the Outstanding Balance, after which one-year period accrued interest shall thereafter be paid in arrears on a quarterly basis either in cash or in kind, at the Purchaser’s option. To the extent not previously converted pursuant to Section 5 hereof, the Company will repay the Outstanding Balance plus all accrued and unpaid interest thereon on the Maturity Date.
