Common use of Payment of Interest in Cash Clause in Contracts

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note outstanding from time to time at the Applicable Interest Rate, payable monthly in arrears as of the last Business Day of each calendar month (commencing on the Original Issue Date) and on the Maturity Date, in cash (by wire transfer of immediately available funds to the account of the Holder).

Appears in 3 contracts

Samples: Securities Purchase Agreement (ObsEva SA), Securities Purchase Agreement (ObsEva SA), Securities Purchase Agreement (ObsEva SA)

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Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note outstanding from time to time at the Applicable Interest Rate, payable monthly in arrears as of the last Business Day of each calendar month (commencing on the Original Issue DateDecember 31, 2020) and on the Maturity Date, in cash (by wire transfer of immediately available funds to the account of the Holder).

Appears in 1 contract

Samples: Security Agreement (NewAge, Inc.)

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Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note outstanding from time to time at the Applicable Interest Rate, payable monthly semi-annually in arrears as of the last Business Day of each calendar month (commencing on the Original Issue Date) August and January and on the Maturity Date, in cash (by wire transfer of immediately available funds to the account of the Holder). On the Maturity Date the Company also shall pay to the Holder the Catch-up Interest Amount.

Appears in 1 contract

Samples: Securities Purchase Agreement (Emmaus Life Sciences, Inc.)

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