Pre-Default Rate. Subject to the provisions of clause (b) below, each Note shall bear interest on the outstanding principal amount thereof for each Interest Period from the applicable Notes Issuance Date thereof at a rate per annum equal to the Interest Rate for such Interest Period.
Appears in 3 contracts
Samples: Note Purchase Agreement (RVL Pharmaceuticals PLC), Note Purchase Agreement (Puma Biotechnology, Inc.), Note Purchase Agreement (Osmotica Pharmaceuticals PLC)
Pre-Default Rate. Subject to the provisions of clause subsection (b) below, each Note during any Interest Period, the Notes shall bear interest during such Interest Period on the outstanding principal amount thereof for each Interest Period from the applicable Notes Issuance Date thereof at a rate per annum at all times equal to the Interest Rate for such Interest PeriodPre-Default Rate.
Appears in 1 contract
Pre-Default Rate. Subject to the provisions of clause (b) below, each Note shall bear interest on the outstanding principal amount thereof (for the avoidance of doubt, based on the stated principal amount thereof without reducing such amount by any applicable original issue discount) for each Interest Period from the applicable Notes Issuance Date thereof at a rate per annum equal to the Interest Rate for such Interest Period.
Appears in 1 contract
Samples: Note Purchase Agreement (Revance Therapeutics, Inc.)
