Common use of Loan Amount & Interest Clause in Contracts

Loan Amount & Interest. Effective on the Effective Date, the principal sum of Five Hundred Thousand Dollars US Dollars (US$500,000) (“Loan Amount”), with interest accruing on the unpaid balance at a rate of three percent (4%) per annum, will be provided to Borrower by Lender under this Note.

Appears in 4 contracts

Samples: Promissory Note (Silvaco Group, Inc.), Promissory Note (Silvaco Group, Inc.), Promissory Note (Silvaco Group, Inc.)

AutoNDA by SimpleDocs

Loan Amount & Interest. Effective on the Effective Date, the principal sum of Five Hundred Thousand Dollars US Dollars (US$500,000) (“Loan Amount”), with interest accruing on the unpaid balance at a rate of three three-point two five percent (43.25%) per annumannum (3.25% + 0% points), will be provided to Borrower by Lender under this Note.

Appears in 2 contracts

Samples: Promissory Note (Silvaco Group, Inc.), Promissory Note (Silvaco Group, Inc.)

Loan Amount & Interest. Effective on the Effective Date, the principal sum of Five Hundred Thousand Dollars US Dollars (US$500,000) (“Loan Amount”), with interest accruing on the unpaid balance at a rate of three three-point two five percent (43.25%) percent per annumannum (3.25% + 0 points), will be provided to Borrower by Lender under this Note.

Appears in 2 contracts

Samples: Promissory Note (Silvaco Group, Inc.), Promissory Note (Silvaco Group, Inc.)

AutoNDA by SimpleDocs

Loan Amount & Interest. Effective on the Effective Date, the principal sum of Five Hundred Thousand Dollars US Dollars (US$500,000) (“Loan Amount”), with interest accruing on the unpaid balance at a rate of three percent (43%) per annum, will be provided to Borrower by Lender under this Note.

Appears in 1 contract

Samples: Promissory Note (Silvaco Group, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!