Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 10% per annum, payable monthly, commencing on the nineteenth calendar day of each month, beginning on February 19, 2022, on each Monthly Redemption Date (as to that principal amount then being redeemed), on each Conversion Date (as to that principal amount then being converted), on each Optional Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (each such date, an “Interest Payment Date”) (if any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 2 contracts
Samples: Convertible Security Agreement (Alpha Healthcare Acquisition Corp Iii), Convertible Security Agreement (Alpha Healthcare Acquisition Corp Iii)
Payment of Interest in Cash. 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 108% per annum, payable monthlyquarterly on January 1, commencing on the nineteenth calendar day of each monthApril 1, July 1 and October 1, beginning on February 19, 2022the first such date after the Original Issue Date, on each Monthly Redemption Date (as to that principal amount then being redeemed), on each Conversion Date (as to that principal amount then being converted), on each Optional Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (each such date, an “Interest Payment Date”) (if any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 2 contracts
Samples: Convertible Security Agreement (Ecotality, Inc.), Convertible Security Agreement (Ecotality, Inc.)
Payment of Interest in Cash. 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 10(i) 0% per annumannum from October 1, 2008 until June 30, 2011 and (ii) 5% per annum from July 1, 2011 until the Maturity Date, payable monthlyquarterly on January 1, commencing on the nineteenth calendar day of each monthApril 1, July 1 and October 1, beginning on February 19the first such date after October 1, 2022, on each Monthly Redemption Date (as to that principal amount then being redeemed), on each Conversion Date (as to that principal amount then being converted)2008, on each Optional Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (each such date, an “"Interest Payment Date”") (if any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Samples: Amendment Agreement (Telanetix,Inc)
Payment of Interest in Cash. 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 10(a) 0% per annumannum until September 30, 2010 and (b) 6% per annum from October 1, 2010 until the Maturity Date, payable monthly, commencing semiannually on the nineteenth calendar day of each month, beginning on February 19, 2022, on each Monthly Redemption Date (as to that principal amount then being redeemed)January 1 and July 1, on each Conversion Date (as to that principal amount then being converted), on each Optional Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (each such date, an “Interest Payment Date”) (if any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Samples: Amendment Agreement (Etelos, Inc.)