Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 20 contracts
Samples: Convertible Security Agreement (Premier Biomedical Inc), Convertible Security Agreement (Premier Biomedical Inc), Convertible Security Agreement (Premier Biomedical Inc)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note Debenture at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 8 contracts
Samples: Exchange Agreement (Notis Global, Inc.), Convertible Security Agreement (Notis Global, Inc.), Convertible Security Agreement (Notis Global, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s 's discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 7 contracts
Samples: Convertible Security Agreement (Premier Biomedical Inc), Convertible Security Agreement (Premier Biomedical Inc), Convertible Security Agreement (Premier Biomedical Inc)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which twelve (12) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Company’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof.
Appears in 5 contracts
Samples: Convertible Security Agreement (Directview Holdings Inc), Convertible Security Agreement (Directview Holdings Inc), Convertible Security Agreement (Directview Holdings Inc)
Payment of Interest in Cash or Kind. The Company Companies shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the Holder’s Companies’ discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date Date, prepayment date, and on the Maturity Date, or as otherwise set forth herein.
Appears in 4 contracts
Samples: Convertible Security Agreement (Notis Global, Inc.), Convertible Security Agreement (Notis Global, Inc.), Convertible Security Agreement (Notis Global, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions in the event of a conversion, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Date, Prepayment Date, and/or Maturity Date, or as otherwise set forth herein.
Appears in 3 contracts
Samples: Convertible Security Agreement (DSG Global Inc.), Convertible Security Agreement (DSG Global Inc.), Convertible Security Agreement (DSG Global Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in Common Stock or a combination of cash or and Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 3 contracts
Samples: Convertible Security Agreement (NXT-Id, Inc.), Convertible Security Agreement (xG TECHNOLOGY, INC.), Convertible Security Agreement (xG TECHNOLOGY, INC.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 812% per annum, which twelve (12) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Company’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof.
Appears in 3 contracts
Samples: Convertible Security Agreement (TWO RIVERS WATER & FARMING Co), Convertible Security Agreement (Directview Holdings Inc), Convertible Security Agreement (Terra Tech Corp.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which half of the base interest amount shall be guaranteedguaranteed and the total amount of interest due on the Note for a period of six (6) months shall be deemed earned as of the Original Issue Date. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretioncash. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 2 contracts
Samples: Convertible Security Agreement (Lifelogger Technologies Corp), Convertible Security Agreement (Lifelogger Technologies Corp)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 812% per annum, of which six (6) months’ interest amount shall be guaranteed. All interest payments hereunder will be , payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity DateDate in cash or, at the Company’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof. The value of such Common Stock shall be mutually determined by the Company and the Holder at such time.
Appears in 2 contracts
Samples: Security Agreement (Amarantus Bioscience Holdings, Inc.), Security Agreement (Amarantus Bioscience Holdings, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8five percent (5%) % per annum, which twelve (12) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date Date, prepayment date, and on the Maturity Date, or as otherwise set forth herein.
Appears in 2 contracts
Samples: Convertible Security Agreement (Black Cactus Global, Inc.), Convertible Security Agreement (Black Cactus Global, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 2 contracts
Samples: Convertible Security Agreement (CLS Holdings USA, Inc.), Convertible Security Agreement (Epic Stores Corp.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteedguaranteed and the total amount of interest due on the Note shall be deemed earned as of the Original Issue Date. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 2 contracts
Samples: Convertible Security Agreement (OSL Holdings Inc.), Convertible Security Agreement (OSL Holdings Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth hereinin cash or, at the Holder’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock at the Conversion Price.
Appears in 2 contracts
Samples: Exchange Agreement (Blue Calypso, Inc.), Convertible Security Agreement (Blue Calypso, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note Debenture at the rate of 85% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock common stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 2 contracts
Samples: Convertible Security Agreement (Medbox, Inc.), Convertible Security Agreement (Medbox, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note Debenture at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock common stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 2 contracts
Samples: Convertible Security Agreement (Medbox, Inc.), Convertible Security Agreement (Medbox, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which six (6) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, or at the Holder’s option as otherwise set forth hereinin the Notice of Conversion, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or a combination thereof.
Appears in 1 contract
Samples: Convertible Security Agreement (Mobiquity Technologies, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date Date, prepayment date, and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (Guided Therapeutics Inc)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (CLS Holdings USA, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions in the event of a conversion, in cash or Common Stock in the Holder’s 's discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Date, Prepayment Date, and/or Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (Avant Diagnostics, Inc)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the a rate of 812% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions in the event of a conversion, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Date, Prepayment Date, and/or Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (Avant Diagnostics, Inc)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (Ascent Solar Technologies, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 86% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable annually in cash or Common Stock in arrears on each anniversary of the Holder’s discretion. Accrued and unpaid interest shall be due and payable Issue Date, on each Conversion Date (as to that principal amount then being converted), and on the Maturity DateDate in cash or, at the Holder’s option, in shares of the Company’s Common Stock at the Conversion Price, or as otherwise set forth hereina combination thereof.
Appears in 1 contract
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 85% per annum, which nine months of interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in Common Stock or a combination of cash or and Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (xG TECHNOLOGY, INC.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (Premier Biomedical Inc)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 812% per annum, of which twelve (12) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Holder’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof; provided that the Equity Conditions are satisfied at such time.
Appears in 1 contract
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 85% per annum, which twelve (12) months' interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in guaranteed from the Holder’s discretion. Accrued and unpaid interest shall be due and date of issuance, payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Company's option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof.
Appears in 1 contract
Samples: Convertible Security Agreement (Cardiff International Inc)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 812% per annum, which twelve (12) months' interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Holder's option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof; provided that the Equity Conditions are satisfied at such time.
Appears in 1 contract
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (Grow Solutions Holdings, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions in the event of a conversion, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the (as to that principal amount then being converted), Prepayment Date (as to that principal amount then being prepaid), and/or Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (Avant Diagnostics, Inc)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in cash, and/or converted into common stock of the Company by the Holder, in Xxxxxx’s sole discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.. Notwithstanding anything to the contrary contained herein, the Company
Appears in 1 contract
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% twelve percent (12%) per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date Date, prepayment date, and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (Spectrum Global Solutions, Inc.)
Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 85% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in Common Stock or a combination of cash or and Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: Convertible Security Agreement (xG TECHNOLOGY, INC.)