LOAN REPAYMENT AND INTEREST. All Loan funds disbursed hereunder, together with all interest payable thereon, shall be repaid to Lender in accordance with the terms of the Promissory Note. The Loan shall bear simple interest at the annual rate set forth in the attached Promissory Note on the principal balance of Loan funds disbursed to the Borrower. Payment of said interest shall be due at the end of the loan term, and interest shall accrue from the time of disbursement of Loan funds to the Borrower until receipt of full Loan repayment to Lender.
Appears in 12 contracts
Samples: Loan Agreement (Heavenstone Corp), First Amended And (Heavenstone Corp), Loan Agreement (Heavenstone Corp)
LOAN REPAYMENT AND INTEREST. All Loan funds disbursed hereunder, together with all interest payable thereon, shall be repaid to Lender in accordance with the terms of the Promissory Note. The Loan shall bear simple interest at the annual monthly rate set forth in the attached Promissory Note on the principal balance of Loan funds disbursed to the Borrower. Payment of said interest shall be due at the end of the loan term, and interest shall accrue from the time of disbursement of Loan funds to the Borrower until receipt of full Loan repayment to Lender.
Appears in 4 contracts
Samples: Loan Agreement 3rd Extension (Eft Biotech Holdings Inc), Loan Agreement 1st Extension (Eft Biotech Holdings Inc), Loan Agreement 2nd Extension (Eft Biotech Holdings Inc)
