Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 10% per annum, payable on the Maturity Date in cash or, with the written consent of the Holder, in an equivalent value in shares of Common Stock of the Company based upon a $0.05 / share price.
Appears in 5 contracts
Samples: Convertible Security Agreement (Legacy Education Alliance, Inc.), Convertible Security Agreement (Legacy Education Alliance, Inc.), Convertible Security Agreement (Legacy Education Alliance, 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 Debenture Note at the rate of 104% per annum, payable on the last Business Day of each month, payable monthly or on each Conversion Date (as to that principal amount then being converted) and on the Maturity Date in cash or, with the written consent of the Holder, in an equivalent value in shares of Common Stock of the Company based upon a $0.05 / share priceDate.
Appears in 3 contracts
Samples: Exchange Agreement (Electronic Cigarettes International Group, Ltd.), Convertible Security Agreement (Victory Electronic Cigarettes Corp), Convertible Security Agreement (Victory Electronic Cigarettes Corp)
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate then unconverted and then outstanding principal amount of this Debenture Note at the rate of 105% per annum, payable on the Maturity Date in cash or, with the written consent of the HolderDate, in an equivalent value in shares of Common Stock of the Company based upon a $0.05 / share pricecash.
Appears in 2 contracts
Samples: Convertible Security Agreement (Elio Motors, Inc.), Convertible Security Agreement (Elio Motors, 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 Debenture at the rate of 108% per annum, payable on each Conversion Date (as to that principal amount then being converted), and on the Maturity Date Date, solely in cash or, with the written consent of the Holder, in an equivalent value in shares of Common Stock of the Company based upon a $0.05 / share priceCompany.
Appears in 2 contracts
Samples: Debenture Agreement (UAS Drone Corp.), Debenture Agreement (UAS Drone Corp.)
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate then unconverted and then outstanding principal amount of this Debenture Note at the rate of 10% five percent (5%) per annum, payable on the Maturity Date in cash or, with the written consent of the HolderDate, in an equivalent value in shares of Common Stock of the Company based upon a $0.05 / share pricecash.
Appears in 1 contract
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture Note at the rate of 1012% per annum, payable in cash on the Maturity Date in cash orDate, with the written consent of the Holder, in an equivalent value in shares of Common Stock of the Company based upon a $0.05 / share priceexcept as otherwise provided.
Appears in 1 contract
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture Note at the rate of 106% per annum, payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity Date in cash or, with the written consent of at the Holder’s option, in an equivalent value in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock of the Company based upon or a $0.05 / share pricecombination thereof.
Appears in 1 contract
Samples: Convertible Security Agreement (ECO Building Products, 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 Debenture at the rate of 1012% per annum, payable on the Maturity Date in cash or, with the written consent of the Holder, in an equivalent value in shares of Common Stock of the Company based upon a $0.05 / share priceDate.
Appears in 1 contract
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture Note at the rate of 1012% per annum, payable on the Maturity Date in cash or, with (or at the written consent election of the Holder, in an equivalent value in shares of Common Stock of Conversion Shares at the Company based upon a $0.05 / share priceConversion Price).
Appears in 1 contract
Samples: Convertible Security Agreement (DraftDay Fantasy Sports, 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 Debenture Note at the rate of 10% twelve (12%) percent per annum, payable on the Maturity Date in cash or, with (or at the written consent election of the Holder, in an equivalent value in shares of Common Stock of Conversion Shares at the Company based upon a $0.05 / share priceConversion Price).
Appears in 1 contract
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture Note at the rate of 1012% per annum, compounded quarterly, subject to adjustment as set forth herein, payable in cash on the Maturity Date in cash or, with the written consent or earlier date of the Holder, in an equivalent value in shares of Common Stock of the Company based upon a $0.05 / share pricepayment.
Appears in 1 contract
Samples: Convertible Security Agreement (Pegasi Energy Resources Corporation.)
