Payment/Maturity Date. Interest will be payable quarterly, with the first interest payment due on September 30, 2016. Interest payable on September 30, 2016 will accrue from the date the Company accepts the Holder’s subscription. Interest will only be payable on Notes which are outstanding on an interest payment date. The total outstanding principal balance hereof, together with all accrued and unpaid interest, will be due on December 31, 2019. In addition to the foregoing, any amounts received from Wellness Group Pharms will be applied to the principal amount of the Note.
Payment/Maturity Date. Interest on the Note shall be paid quarterly, on the last day of March, June, September and December in each year, beginning December 31, 2013, and continuing until the Note is finally paid. The total outstanding principal balance hereof, together with accrued and unpaid interest, shall be paid on October 31, 2018. Interest must be paid in cash.
Payment/Maturity Date. 1.1. The Payor is a party to a certain financing transaction with Cornell Capital Partners, LP pursuant to the Securities Purchase Agreement dated November 19, 2004 between the Payor and Cornell Capital Partners, LP (the "Cornell Agreement"). The entire unpaid principal amount of this Note, plus interest on the unpaid principal balance of the Note in a fixed amount of $8,500 (regardless of when the Maturity Date occurs), shall be paid by the Payor to the Payee upon occurrence the "Second Closing" of the Cornell financing (as defined in the Cornell Agreement) (the "Maturity Date").
1.2. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be reduced to a rate which results in an effective interest rate under this Note equal to the maximum rate permitted by law over the term hereof, and, in such event, the Payee shall, at the Payee's sole and absolute discretion, either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.
Payment/Maturity Date. Borrower shall make principal payments (plus all accrued but then unpaid interest on the Loan), on the dates and in the amounts indicated below: 1/1/2003 $150,000 6/30/2003 $250,000 1/1/2004 $250,000 6/30/2004 $250,000 Unless accelerated pursuant to the terms of this Note, the unpaid principal balance of this Note, together with all unpaid interest accrued thereon, and all other amounts payable by Borrower under the terms of this Note shall be due and payable on the third anniversary date of this Note (the "Maturity Date").
Payment/Maturity Date. Interest on the Debenture shall be paid annually, on the 31st day of December, beginning December 31, 2006, and continuing until (a) the Debenture entire principal amount of the Debenture has been converted pursuant to paragraph 5 below, or (b) the total outstanding principal balance hereof, together with accrued and unpaid interest, is be paid.
Payment/Maturity Date. The principal balance hereof and accrued and unpaid interest shall be due and payable in full on or before July 31, 2013.
Payment/Maturity Date. Subject to the terms and provisions of the Credit Agreement of even date herewith, by and between the Maker and the Holder, and the Security Agreement, the principal balance hereof and accrued and unpaid interest shall be due and payable in full on but not before December 31, 2007. The principal balance hereof and accrued and unpaid interest may be repaid by Maker only with the written consent of Holder.
Payment/Maturity Date. Interest on the First Advance shall accrue from the date of this Note to the Second Advance Date. Interest on the entire amount evidenced by this Note shall accrue from the Second Advance Date until this Note and all accrued interest are paid in full. The outstanding principal amount of this Note and all accrued but unpaid interest shall be payable in full on April 9, 2005 (or earlier as set forth in Sections 3 and 5). All past due principal of, and accrued interest on, this Note shall bear interest from maturity (stated, by acceleration, or otherwise) until indefeasibly paid in full at the lesser of 12% or the highest rate permitted by law.
Payment/Maturity Date. The following shall apply to payments due under this Note:
1.2.1. The then-outstanding principal amount of this Note, plus any then-accrued but unpaid Fixed Interest thereon, shall be due and payable by the Company to Lender on August 4, 2023 (the “Maturity Date”), provided, that, the Maturity Date may be extend until May 4, 2024 (the “Maturity Date Extension”) at the sole election of the Company, made in a written notice to the Lender delivered prior to expiration of the Maturity Date, and in accordance with Section 4.5 below, subject to the satisfaction of the conditions set forth on Schedule 1.2.1.
1.2.2. Payments of the Fixed Interest shall be made by the Company to Lender on a quarterly basis, with each such payment being due and payable no later than the thirtieth (30th) day following the last day of each calendar quarter in which this Note remains outstanding, commencing on the first calendar quarter-end to occur following the date hereof, and also on the Maturity Date (as may be extended pursuant to Section 1.2.1 above).
Payment/Maturity Date. Borrower shall make principal payments, commencing on the first anniversary of this Note and on each anniversary date thereafter, of Three Hundred Thousand United States Dollars and No Cents (U.S.$300,000), plus all then accrued but unpaid interest. Unless accelerated pursuant to the terms of this Note, the unpaid principal balance of this Note, together with all unpaid interest accrued thereon, and all other amounts payable by Borrower under the terms of this Note shall be due and payable on the third anniversary date of this Note (the "Maturity Date").
