Method of Interest Payment. Interest payable hereunder shall be paid on the earlier of the Maturity Date or the Optional Conversion Date of the outstanding principal amount of the Note as to which such interest has accrued. Such payment may be made in cash, in shares of the Maker's Common Stock, or in a mixture of both, at the election of the Maker. If the Maker elects to pay any portion of the interest in shares, such shares will be converted in accordance with Section 5.3 of this Note.
Appears in 4 contracts
Samples: Convertible Promissory Note (Biohitech Global, Inc.), Subordinated Convertible Promissory Note (Biohitech Global, Inc.), Convertible Promissory Note (Workhorse Group Inc.)
