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 at the rate of ten percent (10%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest in cash on the Closing Date. 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 6 contracts

Samples: Convertible Security Agreement (Giga Tronics Inc), Convertible Security Agreement (Giga Tronics Inc), Share Exchange Agreement (Giga Tronics Inc)

AutoNDA by SimpleDocs

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate then outstanding principal amount of this Note at the rate of ten percent (10%) % per annum, which annual . All interest shall payments hereunder will be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Datecash. 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 6 contracts

Samples: Security Agreement (Mitesco, Inc.), Security Agreement (Mitesco, Inc.), Security Agreement (Mitesco, 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 at the rate of ten percent (10%) 5% per annum, which annual . All interest shall payments hereunder will be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Datecash. 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 3 contracts

Samples: Convertible Security Agreement (Mphase Technologies Inc), Convertible Security Agreement (Mphase Technologies Inc), Convertible Security Agreement (SurgePays, 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 at the rate of ten percent (10%) 12.5% per annum, which annual . All interest shall payments hereunder will be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Datecash. 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 (PetVivo Holdings, Inc.), Convertible Security Agreement (ComSovereign Holding Corp.)

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 ten percent (10%) 12% per annum, which annual . All interest shall payments hereunder will be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Datecash. 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 (MDNA Life Sciences, Inc.), Convertible Security Agreement (MDNA Life Sciences, 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 at the rate of ten five percent (105%) per annum, which annual . All interest shall payments hereunder will be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Datecash. 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: Loan Agreement (Luxurban Hotels Inc.), Securities Purchase Agreement (Corphousing Group 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 at the rate of ten percent (10%) 5.0% per annum, which annual . All interest shall payments hereunder will be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Datecash. 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 (ComSovereign Holding Corp.)

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate then outstanding principal amount of this Note at the rate of ten percent nine (109%) percent per annumannum which shall commence to accrue as of the Original Issue Date, which annual interest shall and be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Date. 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: Security Agreement (Blue Earth, 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 at the rate of ten percent (10%) 13.0% per annum, which annual . All interest shall payments hereunder will be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Datecash. 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 (Cell Source, Inc.)

AutoNDA by SimpleDocs

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate of ten eight percent (108%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest in cash on Following the Closing Date, all interest payments hereunder shall be payable in cash. 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: Security Agreement (DPW Holdings, Inc.)

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate of ten percent (10%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% guaranteed regardless of such guaranteed annual interest in cash on the Closing Datewhen this Note is repaid. Accrued and unpaid interest shall be due and payable on each Conversion Date and Amortization Payment Date, on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Security Agreement (DPW Holdings, 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 at the rate of ten percent (10%) % per annum, which annual . All interest shall payments hereunder will be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest payable in cash on the Closing Datecash. 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 (EVmo, Inc.)

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate of ten twelve percent (1012%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest in cash on the Closing Date. 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: Security Agreement (DPW Holdings, Inc.)

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate then outstanding principal amount of this Note at the rate of ten percent (10%) % per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest in cash on the Closing Date. 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mullen Automotive Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!