Principal Amount and Interest. The principal amount of the Loan is and 00/100 DOLLARS ($ ), bearing zero percent ( %) interest prior to any Event of Default. From and after the occurrence of an Event of Default, the principal amount shall bear interest at the Default Rate. All outstanding principal and accrued interest shall be due and payable by Borrower on , 20 (“Maturity Date”), or any earlier date on which the unpaid principal balance and accrued interest becomes due and payable by acceleration or otherwise.
Principal Amount and Interest. (a) Payment of principal, interest, and any other sums due in respect of the Bonds will be made by transfer to the registered account of the relevant Bondholder in Hong Kong dollars. Payment of principal will only be made after surrender of the relevant Certificate at the Specified Office of the Issuer in Hong Kong.
Principal Amount and Interest. (a) The Company for value received, hereby promises to pay to the order of Rodfre Holdings LLC (“Lender”), or its registered assigns, the principal sum of [TBD – (up to an aggregate amount of U.S. $10,000,000)] (the “Principal Amount”) on June 30, 2008 (the “Final Maturity Date”) or on such earlier date as this Security may become due and payable, as set forth herein. The Company shall have the option to pay any portion of the principal at any time prior to the Final Maturity Date. Subject to other provisions of this Security, which may result in increases to the applicable interest rate, the Company also undertakes to pay to the Holder, interest, at the rate of 9% per annum (“Interest”) compounded quarterly, before default and/or maturity, and payable on the Final Maturity Date and the lower of (i) 15% per annum or (ii) the maximum rate allowed by applicable law, compounded quarterly, after default and/or maturity. Interest shall accrue as and from the date that the purchase price of this Security is paid by the Lender to the Company (or to an agreed upon escrow agent, as the case may be). On each of June 30, 2007, September 30, 2007, and December 31, 2007, and March 31, 2008, the accrued Interest for the quarterly period ending on that date shall be compounded and thereafter Interest shall accrue on the sum of the Principal Amount and the amount of Interest accrued during such quarterly period and each previous quarterly period (if any) described in this paragraph. The sum total of the Principal Amount and the Conversion Account Balance shall constitute the “Adjusted Principal Amount”. The amount due and payable on the Final Maturity Date or on the date of any redemption pursuant to Section 4 shall be the Adjusted Principal Amount, as applicable, adjusted to reflect any portion of the Conversion Account Balance (as defined below), which the Holder has converted or elected to convert into Common Stock.
Principal Amount and Interest. At the Effective Time, the principal amount of the Note shall be increased from $4,000,000.00 to $4,200,000.00. The unpaid principal amount of the Note (as amended by this Amendment) shall bear interest from and after the date of the Effective Time at the rate of 8.0% per annum.
Principal Amount and Interest. FOR VALUE RECEIVED, the undersigned Fortress International Group, Inc., a Delaware corporation (“Maker”), promises to pay to the order of Xxxxxx X. Xxxxxxxxx, his successors and assigns (“Holder”), at 0 Xxxxxxx Xxxx, Severna Park, Maryland 21146, or at such other place as Holder may from time to time designate in writing, the principal sum of Two Million Seven Hundred Fifty Thousand Dollars ($2,750,000), together with interest thereon from March 1, 2010 at the rate of four percent (4%) per annum, compounded annually (“Base Interest Rate”). Upon the occurrence and during the continuance of an “Event of Default” (as defined herein), the principal indebtedness evidenced by this Note shall bear interest at a rate of seven percent (7%) per annum (the “Default Interest Rate”). At such time as an Event of Default is cured, the Base Interest Rate, and not the Default Interest Rate, shall apply.
Principal Amount and Interest. The Lender promises to loan seven hundred and ninety one thousand five hundred and forty six dollars ($791,546 USD) to the borrower and the borrower promises to repay this principal amount to the Lender with interest payable on the unpaid principal at the flat rate of six percent (6%) beginning on August 29, 2024.
Principal Amount and Interest. The principal amount (“Principal Amount”) of this Note is __________ Dollars ($_______). This Note shall bear interest on the unpaid Principal Amount at the rate of seven percent (7%) per annum (“Interest”). The entire Principal Amount hereof shall be due and payable on March 31, 2011. The accrued and unpaid Interest shall be paid in semi-annual installments, commencing on June 1, 2006 and continuing thereafter on each June 1st and December 1st until all amounts owing under this Note are paid in full.
Principal Amount and Interest
