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. b. The principal amount of this Note together with all accrued and unpaid interest thereon shall be all due and payable on the Maturity Date.
Appears in 3 contracts
Samples: Subordination Agreement, Subordination Agreement (Twinlab Consolidated Holdings, Inc.), Subordination Agreement (Twinlab Consolidated Holdings, Inc.)
Payment of Principal and Accrued Interest. a. Interest shall accrue on the outstanding principal amount of this Note at eight and one-half percent (8.58.0%) per annum (the “"Interest Rate”"). Interest shall be computed hereunder based on a 360-day year. Interest shall be payable monthly on the 5th 1st day of each month, with the first interest payment due February 5April 1, 20172020.
b. The principal amount of this Note together with all accrued and unpaid interest thereon shall be all due and payable on the Maturity Date.
Appears in 2 contracts
Samples: Unsecured Promissory Note (Twinlab Consolidated Holdings, Inc.), Subordination Agreement (Twinlab Consolidated Holdings, Inc.)
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 5August 5th, 20172016.
b. The principal amount of this Note together with all accrued and unpaid interest thereon shall be all due and payable on the Maturity Date.
Appears in 1 contract
Samples: Subordination Agreement (Twinlab Consolidated Holdings, Inc.)
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 August 5, 20172016.
b. The principal amount of this Note together with all accrued and unpaid interest thereon shall be all due and payable on the Maturity Date.
Appears in 1 contract
Samples: Subordination Agreement (Twinlab Consolidated Holdings, Inc.)
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 1st day of each month, with the first interest payment due February 5January 1, 20172018.
b. The principal amount of this Note together with all accrued and unpaid interest thereon shall be all due and payable on the Maturity Date.
Appears in 1 contract
Samples: Subordination Agreement (Twinlab Consolidated Holdings, Inc.)
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 1st day of each month, with the first interest payment due February 5January 1, 20172018.
b. The principal amount of this Note together with all accrued and unpaid interest thereon shall be all due and payable on the Maturity Date.
Appears in 1 contract
Samples: Subordination Agreement (Twinlab Consolidated Holdings, Inc.)
