Payment of Principal and Accrued Interest a. Interest shall accrue on the outstanding principal amount of this Note at eight and one-half percent (8.5%) per annum (the “Interest Rate”). Interest shall be computed hereunder based on a 360-day year. Interest shall be payable monthly on the 5th day of each month, with the first interest payment due February 5, 2017.
Payment of Principal and Accrued Interest. (a) Unless prepaid pursuant to Section 4, accelerated pursuant to Section 5, or earlier withdrawn pursuant to Section 6, the Amount Owed, subject to the adjustment described in Section 1, shall be due and payable to the Lender according to the following schedule (the “Payment Schedule”):
Payment of Principal and Accrued Interest. The Company will duly and punctually pay or cause to be paid the principal sum of this Note, together with interest accrued thereon from the date hereof to the date of payment, in accordance with the terms hereof, except to the extent of any limitations contained in the Purchase Agreement or the Subordination Agreements.
Payment of Principal and Accrued Interest. The Company will duly and punctually pay or cause to be paid the principal sum of this Note, together with interest accrued thereon from the date hereof to the date of payment, in accordance with the terms hereof.
Payment of Principal and Accrued Interest a. Interest shall accrue on the outstanding principal amount of this Note at the “LIBOR RATE” (as defined below) plus five percent (5%) per annum (the “Interest Rate”). Interest shall be computed hereunder based on a 360-day year. Interest shall be payable monthly on the 15th day of each month. The “
Payment of Principal and Accrued Interest. Beginning as of the date of this Note first written above (the "Date of Note") and continuing until the outstanding principal balance is paid in full, interest will accrue at an annual rate of Eight Percent (8.0%). Interest will be computed on a 365/360 day basis compounding monthly; that is in each month 1/360 of the Eight Percent (8.0%) annual interest rate, will be multiplied by (a) the sum of (i) the outstanding principal balance and (ii) accumulated interest outstanding as of the end of the prior month and (b) the actual number of days that the principal was outstanding in such month.
Payment of Principal and Accrued Interest. To the extent not sooner converted into Common Stock in accordance with Section 4 below, the entire amount due hereunder, including principal and accrued interest, shall be due and payable on April 5, 2004 (the "Maturity Date"). All payments shall be applied first to interest on the unpaid principal balance and the remainder to principal. All interest due and payable hereunder which is not paid when due for any reason shall, to the extent permitted by applicable law, be cumulated and accrue interest at the rate set forth in Section 1.
Payment of Principal and Accrued Interest. The Holders shall have received all principal and accrued interest on the private placement notes previously issued by the Obligors to the Holder.
Payment of Principal and Accrued Interest. Holders must surrender -------------------------------------------- Certificates to a Paying Agent to collect principal payments. Payment will be made in money of the United States that at the time of payment is legal tender for payment of public and private debts; however, payment may be made by check payable in such money mailed to the Certificateholder's registered address.
Payment of Principal and Accrued Interest. So long as no Event of Default has occurred and is continuing, in the event that the Maturity Date occurs prior to the Conversion Date (as defined below), then, at the sole option of the Company, either (i) the Company may pay the outstanding principal amount of this Note and all unpaid accrued interest thereon in cash via wire transfer of immediately available funds to an account designated by the Holder in writing at least two Business Days (as defined below) prior to the Maturity Date, or (ii) the outstanding principal amount of this Note and all unpaid accrued interest thereon shall automatically convert on the Maturity Date into a number of shares of Qualifying Convertible Preferred Stock (as defined below) determined as described in Section 1.3. In the event this Note is converted into shares of Qualifying Convertible Preferred Stock, as a condition to the issuance of such shares of Qualifying Convertible Preferred Stock, the Holder, if not already a party thereto, shall execute and deliver a counterpart signature page, and become an “Investor” party, to that certain Fifth Amended and Restated Stockholders Agreement, dated as of January 14, 2010, by and among the Company and the parties identified on Schedule 1 and Schedule 2 thereto, as amended or restated from time to time.
