Common use of Payment of Interest in Cash or Kind Clause in Contracts

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding Principal Payment amount of this Note at the rate of fifteen percent (15%) per annum, payable monthly in arrears by the 15th day of month commencing in October 2019, in cash or, at the Holder’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock on the same terms as the issuance of shares of Common Stock upon such Conversion, or a combination thereof.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding Principal Payment principal amount of this Note at the rate of fifteen percent (15%) per annum, payable monthly in arrears by the 15th day of month commencing in October 2019, in cash or, at the Holder’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock on the same terms as the issuance of shares of Common Stock upon such Conversion, or a combination thereof.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding Principal Payment principal amount of this Note at the rate of fifteen percent (15%) 12% per annum, which twelve (12) months' interest amount shall be guaranteed, payable monthly in arrears by on each Conversion Date (as to that principal amount then being converted) and on the 15th day of month commencing in October 2019, Maturity Date in cash or, at the Holder’s 's option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock on the same terms as the issuance of shares of Common Stock upon such Conversion, or a combination thereof; provided that the Equity Conditions are satisfied at such time.